Aristocrat Title Glossary of Terms

A lending structure where multiple properties secure one loan or a group of loans.

 A document listing requirements and exceptions before issuing title insurance.

 A rental agreement for non-residential property with different terms than residential leases.

Any claim or issue that could affect ownership rights, such as liens, judgments, or missing signatures.

A federal form outlining loan terms, closing costs, taxes, and fees. Provided by the lender and required by law.

Fees paid at closing, including title services, lender charges, taxes, and recording fees.

The final step in a real estate transaction where documents are signed, funds are transferred, and ownership officially changes hands.

A lender approval status indicating closing can be scheduled.

A property title free from liens, disputes, or legal questions that could affect ownership. Before closing, Aristocrat Title conducts a title search to verify that a clear title can be transferred.

A chronological record of all previous owners of a property. Used to verify clean ownership history.

A valuation measure estimating return based on net operating income and purchase price.

Shared property expenses allocated among tenants under a commercial lease.