Aristocrat Title Glossary of Terms

A review of public records to verify ownership history and identify issues (liens, unpaid taxes, restrictions).

A tenant’s written confirmation of lease terms and status in transactions involving leased commercial property.

Funds temporarily withheld after closing until agreed-upon items are completed.

Funds held by a neutral third party (such as a title company) until all transaction conditions are met.

The difference between a property’s value and the amount owed.

A report evaluating environmental conditions to identify contamination risks.

A claim, lien, or restriction on a property that may impact ownership or transferability. Examples include unpaid taxes, mortgages, or easements.

A structure extending onto another property without permission.

A legal right allowing another party to use a portion of your property for a specific purpose, such as utilities, drainage, or access. Easements remain attached to the land and can affect property use or value.

A deposit provided by the buyer to show good faith and commitment to the transaction.