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- (noun)real property transferred in a will
- (verb) to transfer real property by will
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| The transfer of possession in estate to another by lease |
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Item of personal property that is annexed to leased property & is necessary to a trade or business.
(are removable by the tenant prior to expiration of the lease) |
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Act or process of taking private property for public use, through the government's power of Eminent Domain
AKA: Appropriation |
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A gift of personal property given in a will |
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| Declaration that a structure is unfit for occupancy & must be closed or demolished |
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Landlord's act ( or failure to act) that interferes with the tenant's quiet enjoyment of the property, or makes the property unfit for its intended use, to such an extent the tenant is forced to move out |
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Legal process by which a creditor gains access to a debtor's personal property or funds in the hands of a third party.
( if a debtor's wages are garnished, the employer pays part of the paycheck direct to a calendar) |
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| A man made attachment; an item of personal property that has been attached to or closely associated with real property in such a way that if is now legally part of the real property |
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| A clause in a deed that describes the type of estate granted, known as the " to have and to hold" clause |
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A contract based on one's actions or deeds |
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| A court action field by someone who is holding funds that two or more people are claiming. The holder turns the funds over to the court; the court resolves the dispute & delivers the money to whoever is entitled to it |
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An agency relationship in which the principal authorizes an agent to represent him in a specific activity or transaction.
(e.g. a real estate broker acting as an agent for a seller)
Also Called: Limited Agency |
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One who receives a benefit, refers to the lender in a trust deed |
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| A written agreement between lienholders on a property to change the priority of mortgages, judgments & other loans |
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| See, Alienation Clause- Clause used in a mortgage allowing the lender to demand the full & immediate payment of the mortgage because the owner transferred ownership of the property |
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| A contract that has been put into words, either spoken or written. Only written real estate contracts are enforceable in court. |
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Farm crops that require annual cultivation, which may be removed by a tenant farmer if the owner sells land; considered to be personal property, & emblements are transferred through a bill of sale.
Also Called: Fructus Industrials |
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| A clause in a contract stating that certain |
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| Physical removal of a tenant from a leased property with the relieved if any further responsibility to pay rent |
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| An easement that benefits a person or company; rather than benefiting another parcel of land; can be personal or commercial |
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- A person appointed to manage on behalf of its benefices
- An independent 3rd party that holds the trust instrument in a deed of trust for the benefit of the lender
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| The process of applying a sealant to asbestos containing material, which penetrates the material's surface, preventing the release of the dangerous fibers into the air |
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Formal declaration made before a notary public by a person signing a document.
{personal fraudulent & forged documents, such as a deed) |
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| A clause in loan documents that allows the lender to call the note all due & payable if the borrower breaches the term |
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