Estate On Condition - Law Dictionary Search Results
Estate
Matched in: Term Estate
fee simple
automatically terminates upon the occurrence of a specified event or condition and which reverts to the grantor compare estate on condition at estate NOTE: A fee simple determinable is conveyed by language which states that the estate automatically terminates
Deed
1st October, 1845, an immediate estate or interest in any tenements or hereditaments, and the benefit of a condition or covenant respecting any tenements or hereditaments, may be taken, although the taker thereof be not named a … be identified by extraneous evidence, Nihil facit error nominis cum de crpore constat. Every person who conveys any estate or interest, or enters into a covenant, or is to be bound by the deed, should be made
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Condition
Matched in: Term Condition
Law of Property Act, 1925 (English)
object of simplifying the transfer and conveyance of land. An important change was the abolition of all legal estates or tenures in land, except an estate in fee simple in possession, and a term of years absolute … and interests inland are reduced to equitable interests. All mortgages of the same legal estate under the statutory conditions are legal estates. None being for the whole fee simple or the term, but each for a term
condition
Matched in: Term condition
fee
fief, ultimately from a Germanic word akin to Old High German fehu cattle] 1 : an inheritable freehold estate in real property ;esp : fee simple compare leasehold life estate at estate absolute fee : a fee … is subject to a condition: as a : fee simple conditional at fee simple b : fee simple on condition subsequent at fee simple defeasible fee : a fee that is subject to terminating or being terminated determinable
Administrator
2002). [Income Tax Act, 1961, s. 80C(8)(i)]. Administrator means a person appointed by competent authority to administer the estate of a deceased person when there is no executor. [Indian Succession Act (39 of 1925) s. 2(a)] --he … estate is known or believed to be insolvent, the Public Trustee can obtain a grant subject to certain conditions (Public Trustee Act, 1906, s. 6 (1); see PUBLIC TRUSTEE). The proposed administrator must give a bond to
Equity of redemption
become absolute owner of a legal estate in the mortgaged property, on account of the breach of the condition for repayment of the loan within the strict time, is nevertheless compelled to reconvey the legal estate to … Equity of redemption. Before 1926 the equitable estate or interest left in a person after he had mortgaged his property. Now the right to call for
power
a grantor or the grantor's successors in interest to enter upon an estate that was granted upon a condition after the breach of the condition in order to terminate the granted estate and revest it in the … with an interest (as a grant of a lease) that the donee can exercise only out of an estate (as a life estate) that he or she holds called also power appurtenant power cou·pled with an interest
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