Ticor Title Insurance - TicorPDX.com

Builder / Developer Terms

Questions/Contacts
Subdivision Guarantee	(includes the legal description and vesting for a subject property being developed/divided as well as that of the surrounding properties) - Direct to Land Development and Builder Services
Basic Property Info	(general zoning, trios, etc.) - Direct to Customer Services
Home Book Request	(material on a home being sold and including general neighborhood and utility provider info, etc.) - Direct to Customer Services
Developer Book Request	(also identified as 'graphic data package' that includes trio, zoning, mapping, utility info, etc.) - Direct to Land Development and Builder Services

Terms/General Definitions
Property Line Adjustment	The 'adjusting' of two or more properties having a common property line(s), so long as there is no net increase in the number of properties.
Partition	The division of a property into two or three separate parcels.
Subdivision	The division of a property into four or more lots.
Planned Unit Development	A type of subdivision but often including 'alterations' to the development standards by the jurisdiction, such as higher density, additional open space, modified building setbacks, etc.
Condominium	The division of a property whereby individuals own 'airspace' between the walls and the remaining portions of the structure or ground are owned as common area or limited common area.
Easement	A property encumbrance whereby certain rights are granted to another party other than the property owner.
Right-of-way	Property that has been dedicated for public use and generally includes such elements as full street improvements and public easements for utilities and access.