Real Estate Terms T

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Tax Lien - A lien placed against the property for unpaid taxes.

Terrazzo - a countertop material or faux marble flooring.

Title - A legal document that grants evidence of ownership of property.

Title insurance - Insurance generally issued by a title insurance company that insures a homebuyer against errors in the title search. Usually the cost of the policy is a percentage of the value of the property.

Title search - The determination of legal ownership of property through the examination of municipal records by a title company.

Trustee - An agent who holds or has control over a property for the benefit of another.