Dictionary

Lender’s Policy

Definition:  Title insurance that is issued for the unpaid mortgage amount that protects the lender against title defects. Pronunciation: Used in a Sentence:   The bank required a lender’s policy for...

Easement By Prescription

Definition:  A right acquired by an adverse user to use the land of another, created through a court of law after long and uninterrupted use. Pronunciation: \ˈēz-mənt\ \pri-ˈskrip-shən\ Used in a Sentence:...

Immune

Definition:  real property that is owned by a unit of government and is not subject to taxation. Pronunciation:   \i-ˈmyün\ Used in a Sentence:  The county courthouse is immune from taxes....

Interest

Definition: The price paid for the use of borrowed money; estate. Pronunciation:  \ˈin-t(ə-)rəst\ Used in a Sentence:   We were able to get a low interest rate for our mortgage.

Legally Sufficient

Definition:   A complaint that contains facts that indicate a violation has occurred of a Florida statute or a FREC or DBPR rule. Pronunciation:   \ˈlē-gəl-ē\\sə-ˈfi-shənt\ Used in a Sentence:   Upon investigation,...

Legal Description

Definition:   A description of a particular piece of property in such a way that uniquely identifies that parcel from any other property. Pronunciation:   \ˈlē-gəl\ \di-ˈskrip-shən\ Used in a Sentence:   A legal...