Real Estate Information
Florida Real Estate Glossary – T
Used to describe the government action of using private property for public purposes.
Under Fifth Amendment, constitutional protections in eminent domain.
Form of title given in the event property is sold to satisfy taxes; carries no warranties.
Lien placed on property for amount of unpaid taxes.
Federal law (1986) that substantially changed real estate income tax issues. Tax sale Foreclosure sale on property for nonpayment of taxes.
Federal law that includes regulation of local zoning for location of cellular phone towers; section of this federal law was passed to limit the local resistance to placement of the towers because the local objections were impeding the progress of the cellular network.
Tenancy wherein the tenant is on the property of the landlord but has no right to be and may be evicted at any time.
Tenancy wherein the tenant remains as long as both parties agree; either party may terminate at any time and without notice.
Method of co-ownership that is a joint tenancy between husband and wife.
Tenancy for a stated period of time.
Simplest form of co-ownership; unless otherwise stated, the presumed method of ownership for multiple landowners.
Form of co-ownership in which the parties are partners; similar to joint tenancy in that the partners have a right of survivorship.
Disposition by will.
The requisite mental capacity needed to make a valid will; a person's need to understand who his or her relatives are and how the property will be distributed by his or her will.
Form of multiunit housing in which owners own the unit for a limited period of time during each year.
Insurance that pays the buyer of property in the event certain title defects arise.
Theory of mortgage law that puts title in the mortgagee and possession in the mortgagor.
System for recording land titles designed to prevent the selling of the same parcel of land to more than one person.
Form of multiunit housing in which the owner owns the area in the unit and also owns the land on which the unit is located.
Term in the United States Government Survey for the six-mile squares formed between the guide meridians and the parallels.
EPA classification for the worst form of water pollutants.
Federal law regulating the manufacture, labeling, and distribution of toxic substances.
Form of land record that keeps history of title through identification of transactions with the particular tract.
Personal property that is attached to real property but is used in the operation of a business; remains the tenant's property.
In areas in which building heights are limited, the right to sell air rights for purposes of business expansion and construction; i.e., a company not using all of its height expansion allowance can transfer the right to build in the air space to another company.
In some states a form that provides information about the residential property being transferred: length of ownership; date of construction; construction and improvements, etc.
Invasion of the property of another by a person or object.
One who is on the property of another without permission.
In credit advertisements, language describing credit terms that will require full and complete disclosure of all credit terms under Regulation Z.
Form of commercial lease rental formula; tenant pays taxes, insurance, and maintenance and fixed rent above these amounts.
In a real estate trust, the evidence of ownership given to each trust holder.
Name given to federal statutes and regulations concerning credit terms and their disclosure.
Real Estate Information
- Florida Real Estate Info
- Real Estate Buyer’s Guide
- Florida Real Estate Cities
- Find Your Dream Home
- Florida Real Estate Taxes
- Florida Real Estate Glossary
- Useful Florida Links