Trustor, also known as grantor
In a deed of trust, the trustor is the borrower who gives the security interest.
Read MoreTrustee
In a deed of trust, the trustee is the party who holds the instrument and protects the interest of the beneficiary.
Read MoreTriple net lease
A commercial lease where the landlord is not responsible for anything besides their own financing charges and the tenant has to pay the taxes, insurance, and other costs of owning and maintaining the property. Rent is typically lower because the landlord is not taking on any risk that could interrupt the flow of rent. Also…
Read MoreTotal effective rent
The total dollar amount (cash flow) that the tenant actually will pay out over the entire period analyzed.
Read MoreTotal effective rate
The rate per square foot paid by the tenant over the entire period analyzed.
Read MoreTitle searcher
One who searches titles.
Read MoreTitle search
Search and perusal of the public records for recorded instruments which affect the title to a particular piece of land (see also abstract and examination).
Read MoreTitle report, also known as a preliminary title report
Insurance against certain risks of a real estate transfer is underwritten based on a title report citing pertinent publicly recorded documents relating to the parcel.
Read MoreTitle plant
(1) In many areas, synonymous with an abstract plant; (2) A geographically filed assemblage of title information that expedites title examinations, such as copies of previous attorneys’ opinions, abstracts, tax searches, and copies of the public records.
Read MoreTitle insurance
Indemnity against loss resulting from defects in or liens upon a title.
Read More