Letter T - real estate and mortgage related terms

Letter T - real estate and mortgage related terms
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Letter T - real estate and mortgage related terms
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TaxTax as applied to real estate is an enforced charge imposed on persons, property, or income to be used to support the State. The governing body in turn utilizes the funds in the best interest of the general public.
Tax LienLien for nonpayment of taxes.
Tax SalePublic sale of property at an auction by a governmental authority, due to non payment of property taxes.
Teaser RateSimilar to a Payment Discount, but implies either an unusually large initial rate discount or an attempt by the lender to lure an otherwise unqualified borrower into the mortgage.
TenancyA holding, as of land, by any kind of title, occupancy of land, a house or the like under a lease or on payment of rent or tenure.
Tenancy at SufferanceA tenancy which arises when a tenant holds over after expiration of his lease.
Tenancy at WillA tenancy which may be terminated at the will of either the Lessor or lessee.
Tenancy by EntiretyA type of joint tenancy of property that provides right of survivorship and is available only to a husband and wife. Contrast with tenancy in common.
Tenancy in CommonA type of joint tenancy in a property without right of survivorship. Contrast with tenancy by the entirety and with joint tenancy.
TenantAny person in possession of real property with the permission of the owner.
Tenant-StockholderThe obligee for a cooperative share loan, who is both a stockholder in a cooperative corporation and a tenant of the unit under a proprietary lease or occupancy agreement.

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Home of "letter t - real estate and mortgage related terms"  letter t - real estate and mortgage related terms  1/6/2009 12:10 AM