ABSTRACT OF TITLE:
A historical summary of all the recorded instruments and proceedings that affect title of property.
A formal declaration signed before a duly authorized official who states the person individually, or acting as a duly appointed representative for a separate entity, signed the document as a voluntary free act and deed. All recorded instruments in the State of New Jersey are required to be acknowledged in order to authenticate the signer(s).
ADJUSTABLE RATE MORTGAGE:
Mortgage loan that allows the interest rate to be changed at specific intervals during the term of the loan.
ADMINISTRATIVE CONSENT ORDER:
The consent of a property owner to follow certain land use requirements set forth by the
New Jersey Department of Environmental Protection Agency (DEP).
A deed conveying the property of a person who died without a will (Intestate).
A person appointed by a Court to administer the estate of a person who left no will.
A method of acquiring title to real property when a person other than the owner of record
has been in open possession for a given period of time as stated by law.
A person who makes an affidavit.
A written statement sworn to or affirmed before an officer authorized to administer an
AFFIDAVIT OF CONSIDERATION:
Required affidavit to file with deeds when full or partial exception from Realty Transfer
Tax is declared.
A record of the consent of two or more persons respecting the transmission of some
property, rights or benefit.
AGREEMENT NOT TO CONVEY OR ENCUMBER:
The agreement of a property owner to a given lender not to convey or encumber the title or equity of the property for the duration of the note, mortgage or other obligation.
AGREEMENT TO REIMBURSE:
An agreement which serves as a lien against property by a recipient of County or State
Assistance program to reimburse any funds granted.
A lien against an aircraft’s owner for labor, supplies or other fees incurred.
A change or alteration to any given document.
The process by which an incorporated city expands its boundaries to include a specified area. Annexation procedures are established by state law.
An authentication of a notary acquired from the NJ Division of Revenue. Foreign governments as further certification of a Clerk’s signature usually require these.
The act or process of estimating the value of a property.
One qualified to estimate the value of real property.
The amount of tax or special payment due to a municipality or association.
A public official who determines the amount of property tax.
The method by which one’s property rights or contract rights are transferred to another.
The person to whom certain rights are sold or transferred.
The party who transfers certain property or contract rights to another.
A formal agreement by a buyer to assume terms of an existing mortgage. The seller remains liable to the lender unless the lender also agrees to release him.
The legal seizure of property to force payment of debt or to determine ownership issues.
ATTORNEY’S CERTIFICATES OF GOOD STANDING:
To notify the public of a duly commissioned and qualified ATTORNEY AT LAW issued by the
NJ Supreme Court.
ATTORNEY’S ETHICS REPORTS:
Reports of actions taken by the Disciplinary Review Board of the Supreme Court.
ATTORNEY IN FACT:
One who is authorized to act for another under Power of Attorney which may be general or limited in scope.
A mortgage with a balloon payment. This balloon payment is the final payment of the loan which is larger than any preceding payments.
BANK MERGER OR NAME CHANGE:
Public notification regarding bank mergers or name changes. Necessary when canceling or discharging mortgage.
The financial inability to pay one’s debts. Court action is necessary to erase or work out debts.
BARGAIN AND SAidE DEED:
A deed transferring property for valuable consideration in which the Grantor implies to have an interest. No warranties of title are given. This is the most common deed used in N.J. today.
The person who receives the benefits resulting from certain acts such as a trust.
BLANKET ASSIGNMENT OF MORTGAGE:
A single assignment used for more than one mortgage.
A single mortgage which covers more than one lot or parcel of real estate.
In good faith.
BOARD OF DIRECTORS:
The governing body of a corporation. Non profit and other organizations may have boards to
establish their policies.
BOARD OF PROPRIETORS:
The original owners of the lands which were the colonies of New York and New Jersey. Their records are still available. Proprietary copies of maps are available in some County Clerk’s Offices.
BOND TO RELEASE CONSTRUCTION LIEN:
An instrument obtained from a surety company duly authorized to conduct business in this state which releases a Construction Lien.
One type of Municipality in NJ which is determined by its type of government and individual charter.
The establishing of building requirements in individual municipalities. This information is obtained at a local level.
A set of rules and regulations adopted by a corporation or association to establish how it will conduct its business.
CANCELLATION OF MORTGAGE:
A method whereby a mortgagee acknowledges that a mortgage commitment has been paid in full and the County Clerk is authorized to cancel of record. Cancellation endorsement is submitted on the original recorded document.
The heading or title of document.
A deed which conveys ownership of a cemetery plot(s). These are usually on record at the cemetery and occasionally recorded with the County Clerk.
CERTIFICATE OF INCORPORATION:
The document, which creates a corporation, endowed with certain rights, privileges and duties as set by State law.
A copy produced by the official holder of record, which cites keeper of record and bears official stamp or seal.
CHAIN OF TITLE:
A history of conveyances and encumbrances affecting a particular parcel of land which go back as far as official records are available.
CHAINS AND LINKS:
A method of measuring land used by surveyors until recent times. A chain is 66 feet in length consisting of I 00 links.
An obsolete name for mortgage of personal property. Most items of personal property used as security today are filed under provisions of the Uniform Commercial Code.
One type of municipality in New Jersey which is determined by its type of government and individual charter.
Title to property, which is, free and clear of any encumbrances or disputed interests.
A certificate attached to an original notarized document, which validates the name and legality of the officiating Notary Public.
COLLATERAL TAX WAIVER:
See Inheritance Tax Waiver.
Returns given by the proprietors of the colony of New Jersey to individuals and entered into the
Surveyor General’s records at Perth Amboy.
COMPLAINT IN REM:
The filing of a complaint in the Courts against a given property usually initiated by a municipality for non-payment of taxes.
The unwritten body of law which originated from practices and customs in England and which still prevails unless superseded by other law.
The legal process of taking private property for public use.
In condominiums those portions of the property that are held with indivisible interest by all unit owners. These areas usually include ground; parking lots, clubhouses, etc.
A system of ownership of individual units in a multi-unit structure. Combined with joint ownership of commonly used property such as grounds, parking and recreational areas.
A deed for an individual unit in a condominium complex.
Anything of value given to induce another to enter into a contract.
A loan secured by property which is used for building a structure on the property.
CONSTRUCTION LIEN CLAIM:
The filing of a lien by contractors, subcontractors and suppliers for work, services, material or
equipment against residential or commercial property and owners.
An agreement between two or more parties to do or not to do certain things for a consideration.
CONTRACT OF SALE:
A written agreement whereby purchaser agrees to buy certain real estate and seller agrees to sell upon certain terms.
The transfer of title of real estate from one party to another (Deed).
A residential multi-unit building in which a tenant becomes shareholder in a corporation that owns the building. As of December 2010 co-op units in New Jersey are obtained by Proprietary Leases.
A legal entity properly registered with the Secretary of State, which is endowed with certain
rights, privileges and duties.
A deed by a Grantor to correct a mistake made in a former deed of the same property conveyed by him.
Refers to forms of multiple ownership such as Tenancy in Common or Joint Tenancy.
An agreement written into deeds and other instruments in which promises are made for the
performance or non-performance of certain acts or requiring or preventing certain uses of the property.
In Common Law, the right of a husband to all or part of his deceased wife’s property regardless
of will provisions if they had children in their marriage.
An obligation to pay.
A form a l pleading as to the facts and circumstances of a cause of action or a statement made out of Court for various purposes.
DECLARATION OF TAKING:
A statement giving public notice of the taking of private property by a unit of government.
DECLARATION OF TRUST:
A written statement given by a legal owner of property or an estate, which declares that he holds the same in trust for the use of another person(s) or for certain specified purposes.
A gift of land by its owner for public use and the acceptance of such l and by an authorized governmental official.
A written document properly signed and delivered, that conveys land from one owner to a n other.
DEED OF DEDICATION:
The formal conveyance of property gifted by owner to a unit of government.
DEED OF TRUST:
A deed which conveys property to or from a trust. This title is also used as a mortgage in some states.
DEED IN LIEU OF FORECLOSURE:
The act of giving property back to a l ender without foreclosure.
DEPARTMENT OF ENVIRONMENTAL PROTECTION:
The New Jersey Department of Environmental Protection issues various documents and perm its concerning land use and restrictions.
A person against whom a legal action is taken.
(See Notice of Deficiency)
The final and absolute transfer of a deed from sell er to buyer in such a manner that it cannot be recalled by sell er.
A witness an affiant.
The disposition of land by will. This term is used for LAND only.
A person to whom real property is given by will.
The method of releasing a person from obligation or debt as a mortgage or various types of liens.
A voluntary denial or repudiation of a person’s claim or right to possess a given thing such as a right of title to property.
Land that benefits from an easement of another property. This land is usually adjacent to the other property.
A person to whom a gift is made.
A person who makes a gift.
Under common law, the right of a wife or child to a part of a husband’s or father’s property.
DURABLE POWER OF ATTORNEY:
The authorization for an attorney-in-fact to continue acting for a principal after the principal’s inability to contract.
A deposit for part of the purchase price of real estate to show good faith of buyer.
The rights privilege or interest that one party has in the property of another. This is usually for a specific purpose such as sewer lines.
The right of government or public utility to take private property for public use by condemnation.
An obstruction that physically extends from one property onto the land of another.
Any right to or interest in land that affects its value.
ENVIRONMENTAL PROTECTION AGENCY:
An agency of the United States government, which enforces and implements various pollution prevention programs.
The act of signing ones names, as payee, on the back of check or note with or without further qualification.
A form of co-tenancy in which owners are seized as the whole.
The interest or value that an owner has in real estate over and above the liens against it.
See adjustable rate mortgage.
The reversion of property to the state in the event the owner dies without leaving a will or without heirs.
An agreement between two or more parties which designates a third party to act as agent for both parties for safe keeping documents, carrying out instructions, delivering papers and documents or disbursing funds.
A person’s possessions. The degree, nature and extent of interest that a person has in real
ESTATE FOR LIFE:
(See Life Estate).
ESTATE FOR YEARS:
An interest in land by contract for a specified and limited time.
A tax based on the value of property left by the deceased.
A doctrine of law that stops a person from denying facts that a person once acknowledged was true and others accepted on good faith.
A legal proceeding by a lessor (Landlord) to revoke possession of property.
EXAMINATION OF TITLE:
Research of the title to a piece of real estate. These usually concentrate on recent records as opposed to a title search.
To perform what is required to give validity to a legal instrument as by signing and perhaps sealing and delivering.
A person named in a will to carry out all provisions and directions as expressed in the will.
A deed which conveys property by an executor or an executrix of an estate.
An amount provided by law that reduces the taxable value or taxable income.
EXPUNGEMENT OF RECORD:
An order by the Court for the annulment or destruction of a given record.
EXTENSION OF MORTGAGE:
A modification of a mortgage, which extends the time period originally, specified. (See
Modification of Mortgage).
The dollar amount shown by words and/or numbers on a document.
An exact and precise copy.
FAIR MARKET YALUE:
The price that property would sell for in a market of willing buyers and willing sellers in the ordinary course of trade.
Nickname for Federal National Mortgage Association.
FARM CREDIT AGENCY:
An agency of the Federal Government that gives mortgage loans on rural property to farmers and to individuals who service farmers and ranchers.
FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC):
A public corporation that insures up to $250,000 for depositors in most commercial Banks and
Savings and Loans. (Established in 1933).
FEDERAL HOUSING ADMINISTRATION (FHA):
An agency, which is part of the Federal Department of Housing and Urban Development (HUD) that administers many loans and loan guarantee programs.
FEDERAL REVENUE STAMPS:
Stamps that indicated the payment of federal tax imposed upon a transaction which were affixed to the document. (Not required since 1968).
FEDERAL TAX LIEN:
A notice of debt attached to property for UNPAID federal taxes- most often the IRS.
The greatest interest in ownership of property that is possible to own without limitation. The owner has unconditional power of disposition during owner’s life and the right to designate heirs upon owner’s death.
A document which encumbers personal property or fixtures with a debt. Also see Uniform
Commercial Code (UCC).
Improvements or personal property attached to the land so as to be part of the real estate –
examples are a built-in-bookcase or fence.
A level land area which is subject to periodic flooding from a contiguous body of water.
Enforcement of a lien (usually a mortgage) by sale of property which was given as security.
The public sale of property which was pledged as security for a debt (usually mortgage). Such sale held to pay debt in the event of default in payment.
The losses of a right title or interest in property due to failure to perform under terms of a
contract or obligation.
A contractual right to engage in business under trade name owned by another.
A nickname for Federal Home Loan Mortgage Corporation.
Interest in land without a predetermined time span.
A listing of all records affecting title to real estate by the names of individuals and entities, rather than by property description.
Nickname for Government National Mortgage Association.
A concept of honesty.
A special provision when a law is changed or a new law is passed giving the right to continue any specific activity, which was in place and legal under the old law.
To bestow or confer a gift or bestowal by one having control or authority over it such as property.
The party to whom the title to real priority is conveyed (the buyer).
A person who transfers title or interest to property to another (seller).
A lease that rents the land only.
One appointed by the court to administer the personal affairs or property of an individual not capable of such duties.
The “have and to hold” clause that defines or limits the quantity of the estate granted in the deed.
One who inherits property.
HEIRS AND ASSIGNS:
A term often used in deeds to provide a “fee simple” estate.
HOME EQUITY LOAN:
A loan secured by a mortgage, either as a line of credit to be drawn on as needed, or a second
mortgage providing a lump sum amount.
HOME OWNERS ASSOCIATION:
An organization in a particular subdivision or condominium for the purpose of enforcing deed restrictions or managing common elements.
A formal final judgment and declaration by the government that an individual has left military service in a status of honor.
A lien filed by a hospital, doctor or dentist against the property of a patient for non-payment of fees.
Housing and Urban Development is a federal agency to implement certain federal housing and community development programs.
Land that has been partially or fully developed for use. This could include roads, utilities buildings, etc.
Those additions to raw land which tend to increase its value. (See Above).
One not legally capable of completing legal matters such as the mentally iII or minors.
To form a corporation under state regulations as determined by the Secretary of State (See Certificates of Incorporation).
A deed or other document to which two or more persons are parties with different interests. This term comes from olden times when each party had a copy, which was indented or tom in a given way to correspond with all other copies.
A tax based on the value of property acquired by an heir of the deceased.
INHERITANCE TAX WAIVER:
A document issued by the New Jersey State Tax Division, which releases property from inheritance tax.
A proceeding against the property directly rather than against a person for taking land for nonpayment of taxes.
A lien against a patient for services at a State or County Institution.
A written document signed and delivered by one person to another, transferring title or giving a lien on property or giving a right to a debt or duty.
INTERNAL REVENUE SERVICE <IRS):
An agency of the Federal Government responsible for the collection and administration of federal income taxes.
The estate or condition of failing to leave a will at death.
A lien imposed against property without consent of owner.
Ownership of realty by 2 or more persons, each of whom has an undivided interest with the right of survivorship.
An agreement between two or more parties who invest in a single business or property for profit.
A decree of a Court stating that one individual is indebted to another and fixing the amount of the indebtedness.
The claim upon property of a debtor resulting from a judgment.
The portion of a Certificate of Affidavit stating when, where and before whom it was signed.
The surface of earth. Legal definitions often distinguish land from water.
A contract whereby the one entitled to the possession of real property (LESSOR) transfers those rights to another (LESSEE) for a specific period of time.
The estate in real property of a lessee, created by a lease.
A legally acceptable description of real property to locate it on the ground. Usually accomplished by government surveys, metes and bounds or recorded maps (Lot and Block numbers).
One who receives property by will (See also Devisee).
A person to whom property is rented under the lease (Tenant).
One who grants property under a lease (Landlord).
A right granted which gives one permission to do something, which he could not legally do without such permission.
An encumbrance against property of another as security for the payment of a debt, judgement, mortgage, taxes or other obligation.
A freehold interest in real property that expires upon the death of the owner or some other specified person.
A partnership consisting of general partner(s) and limited partners. The limited partners do not act as managers and their liability is limited to their invested capital.
Recorded NOTICE of the filing of a suit, the outcome of which may affect title to a certain land.
Original and translucent maps of minor and major subdivisions within municipalities of the County are filed.
A good title so free from defect that there can be no fair or reasonable doubt in law or fact.
Used by a condominium developer for recording a condominium development. It divides a single property into individually owned units, includes use restrictions and provides for ownership of common areas.
A person who supplies materials used in the construction or repair of a building or property. (Can file Construction Lien).
To follow a winding course.
The union of two or more interests such as businesses or banks.
METES AND BOUNDS:
A land description method that details all the boundary lines of land, together with their terminal points and angles.
The privilege of gaining income from the sale of oil , gas or other resources found on land.
The division of a tract of land into separate parcels by deed or map.
A manufactured dwelling unit designed to be transported to a site and semi-permanently attached.
MOBILE HOME PARK:
A subdivision of plots designed for siting of mobile homes.
The making of a limited change to an instrument as to modify a mortgage.
Fixed objects or marks established by surveyors to establish boundaries or land location.
A written instrument that creates a lien upon real estate as a security for the payment of a debt.
One who holds a lien on property as a security for a debt (lender).
One who pledges property as security for a debt (borrower).
MUNIMENTS OF TITLE:
Deeds and other original documents to denote chain of title for a given property.
The bargaining process prior to reaching an agreement between two or more parties.
A district or area characterized by similar or compatible land use such as residential, commercial
An agreement which provides for a lease to remain in the event of a mortgage foreclosure.
The confirmation by a Notary Public to the genuineness of a signature.
A person authorized by law to take acknowledgments and to administer oaths.
A common reference to a promissory note.
Official notification of a legal action or one’s intent to take an action such as Notice of Settlement of Notice of Unpaid Balance.
NOTICE OF ACTION:
A Lis Pendens.
NOTICE OF DEFICIENCY:
To recover judgment for the amount due on a Note or Mortgage.
NOTICE OF SETTLEMENT:
A public notice for a contract, agreement or mortgage commitment regarding real estate. This document is recorded prior to closing of title to notify prospective purchasers of an impending sale and/or a mortgage commitment. A notice expires 65 days after filing.
NULL AND VOID:
Cannot be legally enforced.
OPEN END MORTGAGE:
A mortgage written so the borrower may secure additional funds in addition to the amount originally loaned.
A mortgage that has matured or is overdue and is therefore open to foreclosure at any time.
A choice or right for a consideration to do an act or force performance of an act under specific
terms or conditions.
A legal enactment of a city or county. These often determine the use of land.
OWNER OF RECORD:
The owner(s) appearing on public record of a particular property.
The exclusive right to possess and use property.
A piece of property under one ownership; a lot in a subdivision.
A provision in a mortgage that allows some of the property pledged to be freed from serving as collateral. These releases are usually separate instruments which are notated on the original mortgage.
The division of real property between those parties who were formerly co-owners. This is is usually accomplished by a legal proceeding.
An association of two or more persons to carry on as co-owners of a business for profit.
A wall located on a boundary line separating two properties which is used by both owners.
A document issued to a citizen by the U.S. Government to travel to and return from foreign countries freely and safely.
A document issued by a government agency that allows for specific action.
Property that is movable and not fixed land. All property that is not realty.
Public Notice of Physician’s Certification by State Board of Medical Examiners.
A combination of the Construction Loan with the permanent Loan commitment.
A party who initiates a lawsuit.
A plan or map of a specified parcel of land.
POWER OF ATTORNEY:
An instrument authorizing a person to act on one’s behalf as agent or attorney.
A clause in a mortgage, which allows the borrower to pay off the indebtedness before it, is due.
The chief or foremost party in a particular transaction.
The relative superiority of competing liens and encumbrances.
To establish the validity of the will of a deceased person.
A written promise to pay a certain sum of money to a specified person under specified terms.
The rights of an individual in lands or goods to the exclusion of all others.
A government-based tax based on the market value of privately owned property.
The lease a corporation provides to the stockholders of cooperative apartments which allows them the use of a certain apartment under certain conditions.
Land held by the government for conservation purposes with use for limited activities.
Usually refers to property transactions and records kept with the County Clerk’s Office.
PURCHASE MONEY MORTGAGE:
A mortgage given as part or all of the purchase price of real property.
QUIET TITLE ACTION:
Court action to settle a title dispute and/or remove any claim on title.
QUIT CLAIM DEED:
A deed that relinquishes only the Grantor’s interest or rights in property with no Warranties of Ownership.
A natural appearing gas that may contaminate water or air in buildings.
Land with no improvements such as structures, streets, utilities, etc.
Land and all its attachments also known as real property or realty.
The process of updating the estimated value of property for tax purposes.
Filing a document for public notice in the County Clerk’s Office.
The Act by which a property owner can reclaim forfeited property by paying back a debt caused by default of mortgage payments or tax sale for non-payment.
REGISTER OF DEEDS AND MORTGAGES:
The official property record keeper in two New Jersey Counties (Hudson and Essex).
A document whereby some claim, right or interest is given up or extinguished.
A charge for the use of space.
REPORT OF COMMISSIONERS:
A report issued by a Commission appointed to appraise land and property for payment in condemnation proceedings.
RESOLUTION TRUST CORPORATION CRTCl:
A federal agency created to manage and resolve insolvent Savings and Loan Associations.
A limitation or prohibition placed on the use of property, contained in a deed, declaration, agreement or local ordinance.
Stamp affixed to deeds, which indicated payment of the State Transfer Tax at the rate of $1.1 0 per thousand. (No longer used).
The return of the title of land to the grantor upon the termination of a lease or other contingency.
To recall the power of authority such as revocation of power of attorney.
An amendment or attachment to a contract or other document.
RIGHT OF SURVIVORSHIP:
The right to succeed to the interest of a deceased. The distinguishing feature of both Joint Tenancy and Tenancy by the Entirety.
A type of easement giving the right to pass over or to cross a parcel of land.
Rights pertaining to the use of water on, under or adjacent to one’s land.
An area outside cities and suburbs usually featuring farms small towns and unpopulated regions.
A contract between a buyer and seller who agree to terms of sale.
The performance of the terms of an obligation. Often an instrument recorded to show final payment of a mortgage loan.
The proportional dimensions of a drawing, plan or model as compared to the actual physical dimensions of the object it represents. Subdivision maps are drawn to scale which might indicate 1 inch is equal to 1000 ft. etc.
An impression on a document to effect its authenticity.
A person, often an employee of a Title company, who examines the links of ownership, interest or rights to a piece of property which establishes a chain of title.
A measure of land usually one mile square and containing 640 acres of land.
The party having the security interest.
An agreement between the secured party and the debtor which creates a security interest. (See also U.C.C.s)
The possession of realty by one who claims to own a fee simple estate, a life estate or other interest which is salable.
Same as First Mortgage.
The distance from the curb or other established line in which no buildings can be erected.
The transfer of title of a debtor’s property resulting from a writ of execution.
An assessment made against a property to pay for a public improvement, which should be a benefit to the property owner. This is usually a one-time tax to pay for a given improvement.
A law established by an act of the legislature.
The division of a tract of land into separate parcels.
The act of one having a lower priority than another, such as a second mortgage being subordinate to the first mortgage.
A town or developed areas close to a city, which is largely residential.
One who guarantees the performance of an obligation by another.
The process of measuring a parcel of land to determine its area and boundaries.
One who prepares surveys.
The right of a joint tenant to continue ownership rights following the death of the other joint tenant.
A pooling arrangement of persons investing in real property by buying shares in an organization.
The acquisition of land by means of condemnation.
A charge levied by a government upon a person or things.
Sale of property conducted for the purpose of collecting delinquent taxes.
TAX SALE CERTIFICATE:
Public record of result of tax sale issued by municipality.
The right of possession of property.
TENANCY BY THE ENTIRETY:
Property ownership by husband and wife with equal rights of possession during their joint lives with the right of survivorship. When one dies, the other spouse owns the entire property.
TENANCY IN COMMON:
A form of co-ownership of property by two or more persons, each of whom has an undivided interest without the right of survivorship. If one co-owner dies, others may inherit the interest in the property.
Any person in possession of real property with the owner’s permission.
The period of time during which something is in effect.
True declaration of a person’s last will.
The condition of leaving a valid will at death, as contrasted to intestate.
Evidence of ownership.
A business that examines title to real estate and issues title insurance policies.
A policy issued to property owners who protects the holder for any loss caused by defects in the title.
An examination of the public record to determine the ownership and encumbrances affecting real property.
The physical state of the surface of the land such as level, hilly, mountains etc.
Two types of municipalities in New Jersey which are determined by their type of government and individual charters.
A parcel of land divided into smaller parcels called lots.
The name under which an individual or organization does business.
A tax imposed upon transfers of title to real property.
A right of property held by one for the benefit of another.
One who holds property in trust for another.
Deed of trust.
Uniform Commercial Code
The right to use and possession of a property by tenants in common with no one owner having exclusive rights to any portion of the pro pe1ty.
Properties with free and clear title.
Land that is undeveloped with no construction or site preparation.
A residence for one tenant within a multifamily residential property. Term used in Condominium and Coops.
An instrument that transfers title from one party to another without providing PUBLIC NOTICE
by recording with County Clerk or Register of Deeds.
The right to use one’s property for laying gas, electric, water and sewer lines.
Land not currently being used, may have some improvements, such as utilities.
To move out.
VACATION OF ROADS:
A municipal ordinance or other lawful preceding which vacates a street, highway or other public place.
Legally binding and authorized by l aw.
VARIABLE RATE MORTGAGE:
A long term mortgage under which the interest rate may be adjusted periodically.
Permission given to a property owner by local zoning authority to allow for a use which does not conform to regular zoning requirements.
License issued by the State of New Jersey to honorably discharged soldiers, sailors, marines, nurses and exempt firemen to hawk, peddle and vend merchandise within this State.
Usually a sworn statement before a duly authorized officer to show that the contents of a writing are true.
A type of municipality in New Jersey which is determined by the type of government and individual charter.
Having no legal force or effect.
To release or abandon a right or a privilege.
The act of releasing or abandoning a right or a privilege.
WARRANT OF EXECUTION:
Public Notice of Judgment for monies due the NJ Division of “TAXATION”. Effective for 60 days after recording in the County recording office.
WARRANT OF SATISFACTION:
A written order from a given authority to the Clerk of the Court directing the entry of a satisfaction of a given judgment lien.
A deed that contains a covenant, which assures good, title with freedom from encumbrances and quiet enjoyment.
See Riparian Rights.
A written legal document which expresses a person’s desires regarding a disposition of his or her property AFTER DEATH.
A mortgage that incorporates the balance of preceding mortgage. Instead of having two separate mortgages, a wrap-around includes both.
A mark commonly used by individuals who cannot write.
An area in a community designated for specified use and purposes.
Government regulations as to use of real property in specified areas.