Trustee

In a deed of trust, the trustee is the party who holds the instrument and protects the interest of the beneficiary.

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Triple 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…

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Title 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).

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Title 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.

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