Transfer of title to land. Includes most instruments by which an interest in real estate is created, mortgaged, or assigned.

See: Transfer Tax.

A structure to shelter chickens.

The broker who finds the buyer and so shares in the commission with the listing broker.

A clause in the purchase agreements of both the relinquished and replacement properties in a 1031 exchange stating that the parties agree to do what is required (cooperate) by the IRS rules.

See: Stock Cooperative.

Also called a stock cooperative or a co-op. A structure of two or more units in which the right to occupy a unit is obtained by the purchase of stock in the corporation which owns the building. Difficult to obtain financing because there is not individual ownership of each unit. A forerunner of the condominium.

The top or “cap” of a wall, usually convex to permit the runoff of water.

A timber or stone, set in and projecting from a wall, and used to support a load.

Most commonly, the acute angle formed by intersecting streets or walls.

A reinforcement placed in corners before plastering. Commonly a strip of iron with metal lath.

The boards (trim) covering the outside corners of a frame building.

Braces nailed diagonally to the studs as a reinforcement at corners.

In appraisal, the effect on the value of a property because it is on a corner or near a corner.

A lot contiguous to two intersecting streets, and, for purposes of value, having access to both streets.

The “crowning” member of a wall. The top molding or facade, generally of a decorative nature.

An action taken by vote of the directors of a corporation. A title insurance company may require a corporate resolution before insuring a sale or loan made by a corporation.

A general term encompassing any group of people “incorporating” by following certain statutory procedures. Most common type of corporation is a private one formed to carry on a business.

Concerning material objects or property, rather than non-material things, such as ideas. A machine would be corporeal; the patent for it would be incorporeal.