Home > Property Guide > Glossary

Glossary

Glossary – Real estate

            A Allotted Land- Land that the government has allotted to Indians in a ratio of 40, 80 and 160 acres. Allottee- A person who owns an undivided interest in a parcel of allotted land. Acre – A measurement of a land/unit that is proportionate ...

Read More »

Glossary – Legal

A Affidavit- A written statement of facts voluntarily made by an affiant under an oath or affirmation administered by a person authorized to do so by law. Assumption Clause- A provision in a mortgage contract that allows the seller of a home to pass responsibility to the buyer of the ...

Read More »