An action to correct a deed or other document which, through mistake or fraud, does not express the real agreement or intent of the parties.

The largest type of shopping center, having one or more major department stores, a variety of retail stores, usually a bank or savings and loan, and common parking and management.

A grid-like opening in a wall, ceiling, or floor, through which hot or cold air flows for heating or air conditioning.

A term used in some states to describe the person in charge of recorded instruments. More commonly called a recorder.

Federal Reserve regulation issued under the Truth-in-Lending Law, which requires that a credit purchaser be advised in writing of all costs connected with the credit portion of the purchase.

Synonymous with reconditioning, except when used in connection with urban renewal, at which time it encompasses all types of changes, including structural and even street changes.

(1) A loan secured by a mortgage that covers the costs of repairing or improving the property. (2) A loan secured by a mortgage used both to purchase property and make repairs and improvements. It may be more than 100% of the appraised value.

Concrete strengthened by reinforcing (addition of steel bars, mesh, etc.).

The use of reinforced concrete in the load-bearing members, such as the frame, foundation, walls, floors, etc.

(1) The strengthening of concrete by positioning metal rods, mesh, etc. in said concrete when wet. (2) The strengthening of any members by propping or adding additional material.

(1) Payment of a note, mortgage, deed of trust, etc., to bring it from default to good standing. (2) Restoring the previously used entitlement of a veteran to enable the veteran to purchase property under a VA program. (Also called Restoration of Eligibility).

The transferring of a portion of the liability to other insurers. Example: Insurer A insures for $200,000. A insures for $100,000 and reinsures the “second” $100,000 through B insurer. The “first” $100,000 is called “primary liability”.

A charge for a title insurance policy if a previous policy on the same property was issued within a specified period. The reissue rate is less than the original charge.

An instrument releasing property from the lien of the mortgage, judgment, etc. When a trust deed is used, the instrument is called a reconveyance. In some areas, a “discharge” is used instead of a release.

A form used to have a tenant give up his/her interest in a security deposit. Frequently used when there is more than one tenant (roommates). A new roommate makes arrangements with the departing one for his/her portion of the security deposit and the landlord doesn’t have to be involved.

A clause in a blanket encumbrance allowing for the “release” of certain parcels upon payment of a specified amount. Example: A builder mortgages an entire subdivision under one loan. As the builder sells each house, the lender releases the lien upon that house upon a specified payment by the builder.

An increase of land by the permanent withdrawal of the sea, a river, lake, or other body of water.

See: Topography.

A map showing the topography of an area.

(1) An estate which vests in one other than a grantor, after the termination of an intermediate estate. Example: A grants land to B for life, then to C, his heirs or assigns. If A grants to B for life, then back to A, it is not a remainder, but reversion. (2) The portion of a property remaining after a taking under eminent domain.

The one entitled to the remainder.