Real Estate Glossary

Real Estate Law Glossary

All | # 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
There are currently 3 names in this directory beginning with the letter S.
Second (and Third) Mortgages
A mortgage registered on title after the first mortgage, so the second mortgage lender's rights are secondary to the rights of the first mortgage lender.

Status Certificate
A written statement of a condominium unit's current financial and legal status.

Subdivision
One large piece of land under one ownership being subdivided into several lots to be sold to many purchasers.