Patent
With a patent the Federal Government conveys public land to individuals.

Balloon payment
A ballon payment is a final payment which is usually higher than the preceeding ones.

Void
A void is something that has no force and is not enforceable

Cash value
Cash value refers to the amount of money a piece of property will bring shortly after brought to the open market.

Common expense
In a condominium, common expenses are the expenses of operation, set by the bylaws.

Locus
Locus means a particular parcel of land.

Covenant
A covenant is a written agreement that probibits certain use of property.

Rancho
Grants of land to individuals dating back to the Spanish-Mexican governments.

Realty
Realty is synonymous for real estate or real property.

Constructive notice
A constructive notice is also called a legal notice and presumes that everybody has knowledge of a recorded instrument.