Owner S Equity - Law Dictionary Search Results
Owner's equity
Matched in: Term Owner's equity
Equitable estates and interests
In theory the legal owner alone was entitled, both in law and equity, to the property, and he alone was responsible for the obligations and … Equitable estates and interests, Rights relating to property of which the legal ownership is vested in another person, or in the equitable owner himself in another capacity. The rights arise whenever … out his obligation or trust, but the rights and obligations of beneficial ownership became recognized and affected by statute. The Statute of Uses turned the beneficial right or use in real estate into the legal estate, although
Tail
by extinguishment. (5) As 'estate owner,' having an inheritable freehold, he has a right to the title-deeds which equity will secure to him; see also s. 98 (3), S.L. Act, 1925. (6) Although a tenant-in-tail must generally … 130 (4) (ibid.)] The limitation of an estate so that it can be inherited only by the fee owner's issue or class of issue, Black's Law dictionary 7th Edn., p. 1466. An estate-tail in land now constitutes
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Law of Property Act, 1925 (English)
the Acts all equitable interests which are enforceable in a Court of Equity are preserved (see s. 3 of the (English) L.P. Act, 1925). A … of these changes being that the entirity of the legal estate should be in the hands of an owner or joint owners of full age who can deal with the whole estate without the concurrence of holders … Property Acts, 1925 to 1932), has consolidated and effected changes in the land laws with the object of simplifying the transfer and conveyance of land. An important change was the abolition of all legal estates or tenures
Contribution
pay any sum for which he ought to be indemnified. It also lies between joint-tenants, tenants-in-common, and part owners of ships, and other chattels, for all charges and expenditures incurred, for the common benefit, 1 Story's Equity,
seller take back
seller take back an agreement where the owner of a property provides second mortgage financing. These are often combined with an assumed mortgage instead of a … seller take back an agreement where the owner of a property provides second mortgage financing. These are often combined … combined with an assumed mortgage instead of a portion of the seller's equity. Source: U.S. Department of Housing and Urban Development
asset
a person, business organization, or estate that is subject to the payment of debts used in pl. compare equity 2 : an item of property owned admitted asset : an asset allowed by law to be included … a tangible or intangible long-term asset esp. that is not regularly bought or sold as part of the owner's business ;specif : any asset classified as a capital asset by law (as section 1221 of the Internal
Equity of redemption
Matched in: Term Equity of redemption
Owner (Estate Owner)
Matched in: Term Owner (Estate Owner)
Power
power of the second sort. The legal interest is not divested by the execution of the power, but equity will compel the person seised of it to clothe the estate created with the legal right. Powers deriving … term and is distinct from the dominion which a man has over his own estate by virtue of ownership, Stroud's Judicial Dictionary. Power, is not synonymous with jurisdiction, K.E. v. Vithu, (1899) 1 Bom LR 157. Power,
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