Real Estate Glossary

 

 

 

 

 

 

 

 

 

 

T

Tenant
A person who leases or rents a premises from a landlord. The premises rented is often an apartment, room or house.

Tenancy Agreement
This is a legal binding document containing details about the rental terms. Sometimes known as a rental agreement.

Title
Title is a legal term for an owner's interest in a piece of property. It may also refer to a formal document that serves as evidence of ownership.

Trustee
A person (or institution) to whom legal title to property is entrusted to use for another's benefit.

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