Maximum amount to which a landlord will pay certain operating expenses. Amounts above the “stop” are the tenant’s responsibility.

Specific risks to title or use of real property that are entirely outside of the “Covered Risks” of a standard title insurance policy. Because they are outside of the “Covered Risks,” exclusions cannot be brought within the scope of title insurance coverage, even with the purchase of extended coverage.

Documents affecting a given parcel of real property that have been filed for public record at the Recorder’s Office (sometimes called the Auditor’s Office) of the county in which the property is located. Because they are a part of the public record affecting a given parcel, these documents are typically shown as exceptions to title…

In the title industry, the title examiner; One who examines and determines the condition and status of real estate titles.

In title industry terms, to peruse and study the instruments in a chain of title and to determine their effect and condition in order to reach a conclusion as to the status of the title.

States the outstanding principal balance and interest accrued on the mortgage, the maturity date and interest rate on the loan, the date the next payment is due, and whether the mortgage is currently in default. Delivery of an estoppel letter bars a party from later claiming that the facts were different than as stated in…

Report about the status of a lease provided to a lender stating that the lease is in good standing, the rents have been paid, and there is no default.

(1) A sizable piece of rural land usually with a large house and other pretentious improvements; (2) The whole of one’s possessions, especially all of the property, assets, debts, and liabilities left by a deceased or bankrupt person; (3) The nature and extent of an owner’s rights in real estate.

Technically this term strictly refers to a deed delivered to a third person to be held by him until the fulfillment or performance of some act or condition by the grantee. In title industry parlance it means the depositing with an impartial third party called the escrow agent (usually the title company) of anything pertaining…

Type of joint venture arrangement in which an owner enters into a contract with a user who agrees to occupy a space and pay rent as a tenant while, at the same time, receiving a share of the ownership benefits such as periodic cash flow, interest and cost recovery deductions, and perhaps a share of…