| A | B |
|---|
| Deed | Instrument of conveyance |
| Lessor | Property owner; one who gives a lease |
| Lessee | Tenant; one who receives a lease |
| Warranty deed | Document used to convey ownership of real property |
| Earnest money | Buyer's money for serious offer |
| Lease | Rental contract |
| Deed of trust | Document given to trustee or lending institution to secure loan |
| Mortgage | Document granting an interest in real property to provide security for repayment of debt |
| Quitclaim deed | A deed w/o warranty of title that passes whatever title the grantor has, if any, to another |
| FHA | Federal Housing Authority |
| VA | Veteran's Administration |
| HUD | Housing and Urban Development |
| Foreclosure | To shut out; termination of rights of the mortgagor |
| Listing agreement | Document between real estate agent and a party who wants to sell property |
| Mechanic's or materialman's lien | Lien filed by someone who has provided materials or labor |
| Promissory note | A written promise to pay a certain sum of money at a future date. |
| Grantor | Seller on a deed |
| Grantee | Buyer on a deed |
| Mortgagee | Usually a bank; the one to whom money is to be paid |
| Mortgagor | Buyer and the one who owes the money to a bank |
| Purchase agreement | Contract to buy real estate |
| Metes and bounds survey | Land description using compass directions and distances; from point of beginning to point of beginning; Thence . . . |
| Government survey | Land description using a meridian, ranges, townships and sections |
| Recorded plat survey | Land description using subdivisions, tracts and lots; usually in urban areas |
| Restrictive covenant | Regulations re what is allowed or not allowed on property |
| Recording | Process of filing a document with an official agency |
