Professional Documents
Culture Documents
Dictionary ol Rc.alFlstateTerms
E./.\cl. o)t tfu CieiL Cr'tLcol Califotniu (C. C.) e1d. ttlc
Cod.eof Ci.t:iIProreturle Califoi.nin (C- C. P.) tLlLdthe Prcifi?
I^tt: Eltc!(lnpelirL (P. L. Enc.)
TITLE-The means whereby the owner of land has just and la$/ful
possessionof his propelty.
TITLE DEEDS-Those which ar.e evidence of the ti e ol the owner
of al1 estate.
TITLE INSURANCE- A plan wherebJ one may obtain insumnce
agarnst-los€ arising from impadpct tille. jt frlling upon ihe company
to satisfy itsell as to the title's soundness.
TORRENS TITLE-One which has been registered under the ToEens
Law,.in which a cetificate is recorded show:ing the exact condition of
the title. (See Realty Btue Book).
TIANSFER-The act by which the owner alelivem property to an-
other.
TRESPASS-Unauthorized entry upon the reatty of another.
TRUST -A righl of propertJ, real or parsonal.held by one party for
tha bp pfit of anolher. M^y bp pilher volunlary or inl'olunrary.'
TRUSTEE-One \r.ho holds the legal custody for anothe/s trust.
TRUST DEED-A written instrument which conveys the tide of
propefiy Io a-third person lor the purposeof securinga debt or other
oDrgatlon,.w,thpower oi sale on failure to pay or perfom the obliga_
1ion. A sale under a lrusl depdallows no period of redemption.
TRUST ESTATE An ps{arewhosplegat possession and bFnp6rsare
vested In.onp pprson, the a(lual possessionand managementof it,
however, berng entl.usted to otbers,
URBAN-Relating to a city.
USAGE-Long and uniform practice.
VACATE-To move out; abandon, quit.
VALID-.-An act. deed. witt. et.., which bas receivedalt formalities
requrred by taw,
VENDOR S LIEN .An equitabtetien a owed lh, vendor or land
solcl,lor r.trppurchasAInoney.where lhe decd expresses,contrary lo
rne ra.r, thal the purch^semoney is psid.
VOLUNTARY CONVEYANCE-The transfer of an estate maale
without any adequate consideration of value.
VOLUN1 ARY TRUST An obligationarjsing out of a personalcon_
noen-cerepospdrn, and \otuntarily acceptedby, one for the benefitof
another. (C. C. Sec. 2216.)
WAM-To abandon or forsake a r.ight.
WARRANTy--Au engagemenlby which a seller assurpslo a buler
the eyistpncFof sonre fa.r affecting the imnsa(tion. whethel pa.st,
present or future. (C. C. S€c. 1?63.)
WARRANTY DEED-(See Deeds.)
WASTE- -Destfuction donp oI permirred to lands, houscs or orher
corporeal-her'edjtanrents b) ihe tenant thereof Io the pj.e.iudiceol the
nprr of ot htm In reversionor remainder.
WILI-A wilt is an instrument for. disposing of one,s pl.operty, exe-
-
cuted according to law, whjch is to take eff€ci after his iealh. "