Tenancy at Sufferance
Also referred to as a holdover tenant, this is he term used to describe a tenant that continues to live on the property without the landlord
Tenancy at Will
An agreement reached between the lessee and the lessor that allows the tenancy contracted to be terminated at any time by either party
Tenancy by the Entirety
A term that describes the situation where a husband and wife jointly own a property, and the property is transferred to surviving member in the event of the other
Tenancy in Common
An estate or interest in land where a property is equally and jointly owned by two or more parties, however there is no will or procedure for succession in the event of one of the party
A party that is occupying a property owned by another party with the consent of the owning party
An offer of monetary value.
This term refers to leaving a will at the time of death.
A man that has drafted a will or testament.
A woman that has drafted a will or testament.
Texas Real Estate Commission (TREC)
The governing real estate body of Texas. This organization oversees licensing, education, and any other real estate practices
This term refers to a mortgage that is in some way originated, processed, underwritten, packaged, funded, or closed by a third party originator, such as a mortgage broker or related correspondent.
Time is of the Essence
This is a clause within a contract that requires the completion of specific tasks by a clear date.
This legal document details the ownership of some real property. This is commonly considered as a history of rights.
A company that deals specifically in examining and providing insurance for the titles on real estate properties.
The insurance that covers against loss or other damages resulting from the deficiency of a title of a real property.
This reform in Texas has made it more difficult for injured people to file a lawsuit, obtain a jury trial, and it also places a limit on the amount of money the injured can receive in a lawsuit. Tort refers to a wrongful act or an infringement of a right, not a breach of contract, which can lead to civil legal liability.
A type of property in which a single family attached dwelling shares a wall and therefore structure with an adjoining family
A measurement of land that encompasses 36 sections of 36 square miles.
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