Sonoran Title and Escrow Glossary
There are 203 entries in this glossary.| Term | Definition |
|---|---|
| Water Right |
Right of a landowner to use water bordering on or underneath his land. |
| Way of Necessity |
Generally, a easement for a roadway which the owner of a landlocked tract is entitled to acquire across adjoining land in order to provide a means of ingress and egress with respect to the landlocked property. |
| Will |
A testamentary disposition of property, usually in a form prescribed by law, that takes effect upon death. |
| Wrap-around Mortgage |
A method of refinancing in which a second lender assumes payment of the present mortgage and gives the mortagagor an increased mortgage at a higher interest rate. See also "All-Inclusive Deed of Trust." |
| Writ of Execution |
A direct command from the court to the sheriff to carry out the action required in the writ, usually to seize property and sell it to pay a money judgment. |
| Zone |
Area in community set off by the zoning authyority for specified uses, e.g., single-family residence. |
| Zoning |
Laws passed by local governments regulating the size, type, structure, nature and use of land or buildings |
| Zoning Ordinances |
Laws passed by local governments regulating the size, type, structure, nature and use of buildings. Zoning ordinances, often referred to as zoning laws and zoning regulations, are divided into two classes: Those which regulated the height or bulk of buildings withing certain designated zones or districts - in other words, those which related to structural and architectural design; and those which prescribe the type of buildings which may be constructed and the use to which buildings within certain designated zones or districts may be put. |










