The Real Estate
Encyclopedia: P-T

In real estate and legal usage, to redeem means to buy back, repurchase, or recover property or rights that have been lost or transferred. Redemption often occurs by paying a required amount or fulfilling specific legal conditions. In real estate transactions, the...

In real estate transactions, a recording fee is the charge paid to a county recorder’s office to file a document as part of the public record. This fee covers the administrative cost of officially recording the instrument. Recording fees are typically assessed for...

In real estate law, recording is the process of filing documents that affect real property with the appropriate public office, usually the county recorder. Commonly recorded documents include deeds, mortgages, deeds of trust, and liens. Recording gives constructive...

In real estate law, the recorder’s office is a county government office responsible for maintaining public records related to real property. It is the place where legal instruments affecting land are officially filed and recorded. Documents commonly recorded in the...

In real estate and land surveying, a recorded plat is a subdivision map that has been officially filed and accepted as part of the public record. It shows the division of land into lots, blocks, streets, and easements. Once recorded, the plat provides the legal...

In real estate and land records, a recorded map is a map that has been officially filed with the county recorder’s office. It may depict a subdivision or describe the boundaries and features of a nonsubdivided parcel of land. Once recorded, the map becomes part of the...

In real estate law, recordation is the act of filing legal instruments with a county recorder or similar public office. Documents commonly recorded include deeds, mortgages, deeds of trust, and liens. Recordation provides public notice of interests affecting real...

In real estate finance, a reconveyance deed is a legal instrument used to transfer title from a trustee back to the equitable owner of real property. It is issued when the obligation secured by a deed of trust has been fully satisfied. Once the loan is paid in full,...

In real estate, reconditioning refers to the process of restoring a property to good or sound condition without altering its original design, layout, or character. It focuses on repair and maintenance rather than structural or aesthetic changes. Reconditioning...

In real estate and land development, reclamation is the process of improving land that is economically unusable or underutilized by physically altering its condition. This may involve activities such as filling, grading, draining, or otherwise modifying the land....