Tag: real estate

deed

A document that transfers ownership of real estate.

See Topic: Real Estate
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Housing and Urban Development (HUD)

The U.S. Department of Housing and Urban Development. This is the agency responsible for enforcing the federal Fair Housing Act.

See Topic: Landlords & Property Management Real Estate Renters’ Rights
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covenants, conditions & restrictions (CC&Rs)

The restrictions governing the use of real estate, usually enforced by a homeowners’ association and passed on to the new owners of property. For example, CC&Rs may tell you how big your house can be, how
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usufruct

The right to use property — or income from property — that is owned by another.

See Topic: Wills & Estate Planning Real Estate Credit Repair & Debt
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property

See personal property, real estate, community property, separate property.

See Topic: Wills & Estate Planning Real Estate Credit Repair & Debt Divorce & Child Custody
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house closing

The final transfer of the ownership of a house from the seller to the buyer, which occurs after both have met all the terms of their contract and the deed has been recorded.

See Topic: Real Estate
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covenant

A restriction on the use of real estate that governs its use, such as a requirement that the property will be used only for residential purposes. Covenants are found in deeds or in documents that bind everyone who owns land in a particular
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