Top 10 important words and phrases for Real Estate Lawyer

Top 10 important words and phrases for Real Estate Lawyer 1. Deed A legal document that transfers ownership of a property from one party to another. It contains a detailed description of the property and is signed by the grantor and grantee. 2. Easement A right granted to a person or entity to use someone else's property for a specific purpose. It could be for access, utilities, or other needs. 3. Lien A claim or legal right against a property as security for a debt or obligation. It can be placed by creditors, contractors, or the government. 4. Escrow A financial arrangement where a third party holds and manages funds or documents on behalf of the transacting parties until specific conditions are met. 5. Title Search An examination of public records to verify the legal ownership of a property and determine if there are any claims, liens, or encumbrances. 6. Conveyancing The legal process of transferring property ownership from one person to another, including all the necessary paperwork and steps. 7. Zoning The division of land into different zones or areas with specific regulations and restrictions on how the property can be used or developed. 8. Appraisal An expert's assessment of the value of a property, considering factors like location, condition, comparable sales, and market trends. 9. Mortgage A loan secured by a property, where the borrower pledges the property as collateral. If the borrower defaults, the lender can foreclose and sell the property to recover the debt. 10. Lease A legally binding contract between a landlord and a tenant, outlining the terms and conditions of renting a property for a specified period.