The real estate industry has its own unique language and, without some knowledge of this language, you may find yourself a bit confused if you become involved in a real estate transaction. With this in mind, the experts at Commonwealth Land Title Insurance Company have compiled the following glossary of terms commonly used in the real estate industry. Whether you are entering the real estate market for the first time or have invested in it before, this handy reference will provide an understanding of basic real estate words and phrases.

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A | B | C | D | E | F | G | H | I | J | L | M | N | P | Q | R | S | T | U | V | W | Z

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Dedication -

The setting aside of certain land by the owner and declaring it to be for public use. Examples: streets, sidewalks and parks.

Deed -

A document through which a conveyance of property is affected.

Deed Restriction -

A covenant contained in a deed imposing limits on the use or occupancy of the real estate or the type, size, purpose or location of improvements to be constructed on it.

Defect -

A blemish, imperfection or deficiency. A defective title is one that is irregular and faulty.

Depreciation -

Loss in value occasioned by ordinary wear and tear, destructive action of the elements, or functional or economic obsolescence.

Devise -

A gift of real estate made by a will.

Dominant Estate -

The property for the benefit of which a right-of-way easement exists across another’s adjoining piece of land is said to be the dominant estate. The land across which the easement runs is said to be the servant estate.