Deed
A legal document/written instrument which, when properly executed and delivered transfers title to real property.
Deed restrictions
Limitations or clauses in the deed to a property that dictates certain uses that may or not be made of the property in future.
Deed of Trust
A document that gives a lender the right to foreclose on a piece of property if the borrower defaults on the loan.
Down Payment
The amount of money a buyer agrees to pay to the seller when a sales agreement is signed. Complete financing is later secured with a lender.
Duress
Unlawful constraint exercised upon a person to perform an act against his will.
Depreciation
Loss of value in real property due to age, physical deterioration or economic obsolescence.
Deposit receipt
A document that lists the price, terms and conditions, and a written acknowledgment that money has been paid as a deposit for the purchase of property.
Developer
An entrepreneur who initiates property development and ensures that this is carried out for occupation, investment or dealing and procures the requisite funds needed to finance the whole project.
Development Control
Powers of a local planning authority to control the development and use of land.
Disbursements
All the fees of the solicitors and associated legal costs and expenditures such as stamp duty, land registry, search fees etc.
Distressed Property
Property left out in poor physical or financial condition.
Donee
A person, receiving a gift of property, from the donor.
Donor
A person (owner of property) gifting the property to the donee (person who accepts gift).
Draft Sale Deed
A legal document detailing about the parties entering into specified transaction. Ordinarily, it will be prepared and duly signed by the purchaser's advocate.