Category: Glossary

Title Search | A search within the public records to determine ownership and that there are no claims or liens against the property.

Title Report | A report which sets out the current state of title to a property.

Title Insurance | An insurance policy that provides protection for lenders and buyers against any losses caused by defects in the title.

Title Company | Firms that examine properties to ensure that the title to a piece of property is clear and free of any encumbrances. They also issue title insurance.

Title | Evidence of ownership of land.

Tenant at will | One who holds possession of premises with the owners permission.

Tenant at sufferance | A person who after rightfully being in possession of a rented premises continues to live in that premises after his right has terminated.

Tenant | A person in possession of real property with the owner’s permission.

Tax Lien | A lien on real estate in favor of a state or local government that may be foreclosed on for the non-payment of taxes.

Tax Deed | A type of deed used to convey title after real property is sold at auction by public authority for non-payment of taxes.