Legal & Title Special Warranty Deed A deed warranting only against title defects arising during the seller’s ownership.
Legal & Title Specific Performance A court remedy forcing a party to complete a contract rather than paying damages.
Leasing & Operations Vacancy Rate The percentage of total rentable units that are unoccupied at a given time.
Legal & Title Adverse Possession Tacking Combining consecutive periods of adverse possession by successive owners to meet the statutory term.
Legal & Title ALTA American Land Title Association — sets standards for title insurance policies and surveys.
Legal & Title Bargain and Sale Deed A deed that implies the seller has title but provides no explicit warranties.
Legal & Title Bond for Deed An installment land contract where the buyer takes possession but the seller retains title until paid.
Legal & Title Cloud on Title Any claim or encumbrance that may impair the marketability of a property’s title.
