Acquisition
The act of becoming the owner of certain property.

Commercial Property
Income producing property (e.g. office building, apartments, etc.) as apposed to residential property.

Condemnation
Process of taking private property for public use through the power of eminent domain. ìJust compensationî must be paid to the owner for taking the property (5th Amend. U.S. Constitution).

Construction Lien
A lien that arises by law and attaches to real estate to secure payment of a person who improved the property through the rendering of labor or other services or the furnishing of material or other supplies. Anther name for this lien is mechanicsí lien.

Disclose
To bring into view by uncovering; to expose; to make known.

Dwelling
The house or other structure in which a person or persons live; a residence; an apartment or building, or group of buildings occupied.

Encumbrance
A claim, lien, charge, or liability attached to and binding real property.

Eminent Domain
The power to take private property for public use by the state.

Enforcement
The execution of a law.

Escrow
A system of document transfer in which a deed, bond, stock, funds or other property is delivered to a third person to hold until all conditions in a contract are fulfilled.

Escrow Account
A bank account generally held in the name of the depositor and an escrow agent which is returnable to depositor or paid to third person on the fulfillment of escrow conditions.

Land Use Planning
Generic term used to describe activities such as zoning, control of real estate developments and use, environmental impact studies and the like.

Lien
A claim, encumbrance, or charge on property for payment of some debt, obligation or duty. Right to retain property for payment of debt or demand.

Mechanicsí Lien
A lien that arises by law and attaches to real estate to secure payment of a person who improved the property through the rendering of labor or other services or the furnishing of material or other supplies. Anther name for this lien is construction lien.

Real Estate
Land or anything permanently affixed to land, such as buildings, fences, and those things attached to the buildings, such as light fixtures, plumbing and heating.

Real Property
Land and generally whatever is erected or growing upon or attached to it.