Glossary of Terms
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DAMAGES | |
Compensation or indemnity for loss owing for breach of contract, or a tort (civil wrong). | |
DATE OF COMPLETION | |
The date specified in the agreement of purchase and sale, when the purchaser is to deliver the balance of money due and the vendor to deliver a duly executed deed and vacant possession of the property (unless otherwise agreed.) | |
DEED | |
An instrument in writing, duly executed and delivered, that conveys title or an interest in real property. | |
DEED RESTRICTION | |
An imposed restriction in a deed for the purpose of limiting the use of the land. | |
DEFAULT | |
Failure to fulfill an obligation. | |
DEPOSIT | |
Payment of money or other valuable consideration as pledge for fulfillment of contract. | |
DEPRECIATION | |
A loss in value due to any cause. | |
DESCRIPTION | |
A legal identification of land or premises. | |
DEVELOPER | |
One who engages in the subdivision or improvement of land. | |
DOMINANT TENEMENT | |
The estate (i.e. property) which derives benefit from an easement over a servient tenement, as in a Right-of-way. | |
DOR | |
See Notice DOR. | |
DUPLEX | |
A two-family dwelling or house. | |
DWELLING | |
Residence. |