![]() ![]() ![]() For example, the assignor on an Assignment of a Trust Deed assigns beneficial interest.ĪTTORNEY IN FACT – One who holds a power of attorney from another allowing him to execute documents on behalf of the person granting the power of attorney.īANKRUPT – A person who, through court proceedings, is relieved from payment of debts after he surrenders his assets to a court-appointed trustee.īENEFICIARY – Person who receives some benefit. ![]() For example, beneficial interest is assigned to the assignee on an Assignment of Trust Deed.ĪSSIGNOR – One who makes an assignment of interest. However, this is not necessarily the property's current market value.ĪSSIGNEE – One to whom a transfer of interest is made. The assessed value generally increases annually at a rate from 1%-2%. County Assessor’s appraised value may differ from a private appraiser.ĪSSESSOR’S PARCEL NUMBER – The Assessor's identification number for a specific property.ĪSSESSED VALUE – The value placed on the property by the county assessor's office based on the property's appraised value. ![]() The term is “administratrix” if such person is a woman.ĪFFIANT – Person who swears to the statement in an affidavit.ĪFFIDAVIT – A sworn statement in writing, such as Affidavit Terminating Joint Tenancy, Affidavit of Proof of Annual Labor.ĪPPRAISED VALUE – A property’s value as determined by the sale amounts of comparable properties. Acknowledgment is required of most documents that affect the title to real property (such as deeds, trust deeds, easements).ĪDMINISTRATOR – Person appointed by probate court to settle the affairs of an individual who died without leaving a will. The Clark County Recorder recommends that you contact a Nevada licensed attorney for legal advice concerning your own rights and responsibilities.ĪCKNOWLEDGMENT – Execution of a document before an authorized officer or a notary public. It is offered only as a convenience to our customers and it does not constitute advice on legal rights or responsibilities. This glossary consists of short definitions of terms that are often encountered in recorded documents. The Office of the Clark County Recorder is not authorized to give legal advice. ![]()
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