An obligor is the party legally bound to fulfill an obligation, typically the borrower or guarantor in CRE finance.

An endorsement is an amendment to a title insurance policy that modifies or expands its standard coverage for specific risks.

A void contract is legally invalid and unenforceable from the start, as if it never existed, unlike a voidable contract.

A fiduciary is legally obligated to act in another party’s best interests, a duty held by agents and brokers toward their clients.

Revocation is the cancellation or withdrawal of an offer, agreement, authorization, or right before it has been accepted or acted on. A seller, for instance, can revoke an…

A waiver is the voluntary, intentional relinquishment of a known legal right or contractual claim, whether expressed in writing or implied by conduct.

The Statute of Frauds requires certain contracts, including real estate sales and long-term leases, to be in writing and signed to be enforceable.

Understand liens in commercial real estate: how mortgage, tax, and mechanic’s liens arise, how title searches find them, and what title insurance covers.