Title company review of public records and other documents to determine the chain of ownership of a property.
Excavate
To dig. To make a hole or cavity.
Excavation
Cavity or pit produced by digging the earth in preparation for construction.
Excavation line
Line placed on a building site, which marks off the area to be excavated.
Exception
Waiver of a requirement in an agreement. Alternately, a right or portion of property reserved to the grantor in a conveyance by deed.
Exceptional depreciation
Damages to a building, which exceed that of normal wear and tear.
Exceptional value
Sears believes the items that carry the exceptional value mark are the very best values in the marketplace every day and will never be priced lower (excluding clearance).
Excess condemnation
Taking more property in a condemnation proceeding that than amount that is required.
Excess depreciation
Costs taken over and above what one is entitled to and can occur either by claiming depreciation costs exceeding the actual depreciable value or by depreciating items that cannot be depreciated.
