Oct 14 2009
Real Estate Terminology (D)
DATE OF APPRAISAL:
The precise day, month and year upon which an assessment of the value of a property has been given.
DATE OF INSTRUMENT:
The specific day, month and year a legal document was signed or prepared.
DATE OF REGISTRATION:
The specific day, month and year upon which an instrument was registered on title to the property.
DECLARATION OF TRUST:
A signed statement by a trustee acknowledging that she holds legal title to property on behalf of someone else (the beneficiary of the trust).
DEED:
The instrument by which title to property is conveyed from one person to another. In USA, also known as a transfer.