Definition: An occupancy permit issued by the local government after construction is completed and final inspection is approved. Pronunciation: \(ˌ)sər-ˈti-fi-kət\ \ˈä-kyə-pən(t)-sē\ Used in a Sentence: The builder was issued a certificate of occupancy once the final inspection w..
Category : C
Definition: Executed by an attorney who has studied the abstract of title, it will list any defects or clouds on the title and includes the attorney’s opinion of whether the seller has a marketable title. Also called an opinion of title. Pronunciation: \ˈä-kyə-pən(t)-sē\ \ə-ˈpin-yən\ Used in a Sentence: The certificate of title opinion showed that the owner was ..
Definition: A sequential listing of all previous holders of title back to an acceptable starting point. Pronunciation: Used in a Sentence: The chain of title showed there were no outstanding liens on the..
Definition: Any item of personal property. Pronunciation: \ˈcha-təl\ Used in a Sentence: She packed up all her chattels and moved to a ..
Definition: A square measuring 24 miles on each side and denoting the largest unit of measure in the government survey system. Pronunciation: \ˈchek\ Used in a Sentence: There are 16 townships i..
Definition: Statements of alleged violations and the penalties to be imposed. Pronunciation: \sī-ˈtā-shən\ Used in a Sentence: He received a citation for not notifying the DBPR of his change of address in a time..
Definition: A federal act that prohibits any type of discrimination based on race in any real estate transaction (sale or lease) without exception. Pronunciation: Used in a Sentence: The Civil Rights Act of 1866 makes it illegal to not rent to someone because of t..
Definition: The final settlement between the buyer and seller; date on which title passes from seller to buyer. Pronunciation: \ˈklō-ziŋ\ Used in a Sentence: The closing date is set for..
Definition: Any defect, valid claim, or encumbrance that serves to weaken the title or restrict an owner’s rights. Pronunciation: Used in a Sentence: The title search revealed there is a cloud on the title from 5 ..
Definition: Title to real property held by two or more persons at the same time. Also called concurrent ownership or multiple ownership. Pronunciation: \ˈkō-ō-nər-ˌship\ Used in a Sentence: Mary and Jim had a co-ownerhip of ..