If your speech has anagrams, they are also mentioned with a definition of the word, if we have one. . . . Simple Fee – Absolute and permanent ownership of real estate without restriction or condition. Common tenant with survival right – property ownership by more than one person in which each co-owner owns the entire property and in which the property remains entirely to the surviving roommates after the death of another tenant. Trust – An agreement in which the owner of a property or private property entrusts ownership of that property to an agent who owns and manages the property for the benefit of a third party, called a ”beneficiary. ” Parol Evidence Rule – If the parties have a written agreement, all prior oral agreements and negotiations or parol evidence merge with the written agreement and should not be used to prove the terms of the agreement, except in the event of mutual error or fraud in the preparation of the written agreement. Intestate – die without leaving a will, which means that the property of the most detist is, according to the law, ceded to its beneficiaries. Renters – A property owner under a lease or other agreement with someone who is more entitled to own the property.
Escrow – An agreement under which a letter, deed, money or security is placed in the custody of a third party (fiduciary agent) until a certain eventuality occurs, fulfills a particular condition or receives a specific notification authorizing the release.