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| tenancy | The right to occupy a property under agreed terms and conditions. |
| tenants in common | A type of joint tenancy in a property where two or more purchasers own a property. If one party dies, the property is divided according to law. |
| term | The length of a home loan such as 25 years. |
| title fees | A fee for the title search, registration of a new mortgage, discharge of an old mortgage and transfer of property ownership. The fee is paid to the states' Land Title Office. |
| title search | A check of the title records to ensure that the seller is the legal owner of the property and that there are no outstanding liens or claims. |
| Torrens Title | A system of recording property ownership. Also known as Certificate of Title. |
| townhouse | A dwelling unit, generally having two or more floors and attached to other similar units by a common wall. |
| transfer | A document registered at the Land Titles Office which confirms the change of ownership as noted on the Certificate of Title. |
Note: We assume no liability resulting from any errors or omissions. Translation . . . we've done our best to bring you accurate information. However, you should seek your own independent advice as to the accuracy of the information supplied.
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