[A] [B] [C] [D] [E] [F] [G] [H] [I] [J] [K] [L] [M] [N] [O] [P] [Q] [R] [S] [T] [U] [V] [W] [X] [Y] [Z]

Taxes

A forced contribution of wealth to meet the public need for government.

Tax Sale

A sale of property, usually at auction, for non-payment of taxes assessed against it.

Tenancy at Sufferance

A tenancy which arises when a tenant holds over after the termination of a lease without consent.

Tenancy at Will

A tenancy for an indefinite period which may be terminated at the will of either the lessee or the lessor.

Tenancy in Common

Ownership by two or more persons who hold undivided interests without right of survivorship.

Tender

An offer of money, usually in satisfaction of a claim or demand.

Time Is Of The Essence

A clause in a contract contemplating performance by the date specified therein.

Title

The rights of ownership.

Title Insurance

Insurance written by a title company to protect the property owner against loss if title is imperfect.

 

Tort

A wrongful act; wrong; injury; violation of a legal right.

Townhouse

A single family attached dwelling unit with party walls; usually an individual unit in a series of five to ten houses, with common walls between the units and side yards on the end units only; may have one to three stories and all necessary facilities and amenities.

Trust Deed

An instrument which transfers (conveys) the bare legal title of a property to a trustee to be held pending fulfillment of an obligation, usually the repayment of a loan to a beneficiary.

Trustee

One who holds bare legal title to a property in trust for another to secure the performance of an obligation.

Trustee's Sale

A sale at auction by a trustee under a deed of trust, pursuant to foreclosure proceedings.

Trustor

The borrower of money secured by a trust deed. One who transfers his bare legal title to a trustee to be held as security until he has performed his obligation to a lender under terms of a note secured by a deed of trust.

 

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