LandAmerica Financial Group, Inc. - Real Estate Definitions

The real estate industry has its own unique language. When you become involved in a real estate transaction, you may find yourself a bit confused - so to help, LandAmerica is pleased to provide this glossary of terms commonly used in the real estate industry. Those terms that apply specifically to 1031 Exchanges are in blue.

Please note: These terms are defined only in their real estate or title insurance contexts and may otherwise have completely different meanings. For more precise definitions, you are advised to seek legal counsel.

Some of the glossary terms in this section are from 1031 Tax Deferred Exchange in a Nutshell by Jeremiah M. Long and are reprinted with permission.

The contents and information contained in and accessible through this site have been obtained by LandAmerica from sources believed to be reliable and are believed to be accurate. However, the content and information may become outdated or subject to change. Thus, LandAmerica does not guarantee the accuracy, adequacy, or completeness of any information contained in or accessible through this site.