Intermediate Term Mortgage - Law Dictionary Search Results
intermediate term mortgage
Matched in: Term intermediate term mortgage
Attendant term
Matched in: Term Attendant term
Merger
of the (English) Law of Property Act, 1925, a foreclosure by a mortgagee will merge the mortgage term into and vest the fee simple in … time and by the same means which originated the other estate; and the determination or acquisition of an intermediate estate may be the cause of merger, as between estates kept distinct by means of such intermediate estate. … another, and differs from suspension, which is but a partial extinguishment for a time; while extinguishment, properly so termed, is the destruction of a collateral thing in the subject itself out of which it is derived. 'In
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Estate
reversion to the tenants' leases, then a freeholder who had taken a surrender of the residue of an intermediate lease might be required to sell the nominated purchaser his entire freehold, Kensington Heights Commercial Co. Ltd. v. … being conveyed or created at law are: (a) an estate in fee simple absolute in possession; (b) a term of years absolute and certain rights conterminous with those estates (see LEGAL ESTATE). In regard to the law … thus the absolute ownership or fee simple may be leased and sub-leased, mortgaged and charged, each of the holders of these estates having a good
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