Synonymous with Settlement in New Jersey. Most often used in North Jersey Practice. Indicates the meeting at which seller and buyer consummate their transaction, resulting in transfer of ownership and disbursement of funds in according with the closing/settlement statement.

A 2 dimensional drawing of the land, performed by a licensed surveyor, showing the boundary line of the premises, the location of any easements or restrictions, and any physical features which may be an encroachment, encumbrance, or fixture on the land.

The status of ownership of the land as reflected in the public record.