HOME ABOUT CONTACT FEES F. A. Q. GLOSSARY ACRONYMS LAWS LINKS Like any industry, real estate has its own jargon. Some of the terms are peculiar to the Philippines. And a lot of the words may be already familiar to you, but will have a slightly different meaning or emphasis when used by real estate professionals.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z TAX SALE A sale of proeprty after a period of non-payment of taxes. TENANCY IN COMMON Ownership by two or more persons who hold undivided interests without the right of survivorship. (If one dies, his share goes to his estate.) TENANT AT SUFFERANCE A person who stays i possession fo real esstate after his lease has expired. TENANT FOR YEARS A leaseholder. TENDER An offer of money. TENEMENT The land plus everything of a permanent nature that may be owned (such as buildings). TENURE IN LAND The mode or manner by which a person has an estate in lands. TERRE TENANT A land tenant. TITLE The instrument evidencing legal right of ownership by which the owner is in lawful possession of property and is able to assert and maintain possession thereon. TITLE INSURANCE Insurance written by a company to protect a property owner against the loss of title. TOPOGRAPHY The nature of the surface of land (which may be level, rolling, or mountainous). TORRENS TITLE A system of register land titles provided by law. A title; a certificate issued by the Registrar of Deeds. (Named after an Australian called Torrens, who invented the notion of titles.) TRUST DEED The legal ownership of a property held by a trustee for the benefit of the equitable owner, the beneficiary. TRUSTOR One who deeds his property to a trsutee to be held as security until he has performed his obligation to a lender under the terms of a deed of trust.