Owner - Law Dictionary Search Results
social guest
Some jurisdictions make no distinction, in effect categorizing all social guests as invitees, which means that the property owner is required to exercise due care in guarding or warning any social guest against injury. In other jurisdictions
reversion
from revertere to turn back] 1 : the returning of an estate upon its termination to the former owner or to his or her successor in interest 2 a : the present vested interest in the residue
prescription
property of the state may not be acquired by "Louisiana Civil Code"] ac·quis·i·tive prescription [ə-kwi-zə-tiv-] : acquisition of ownership or other real rights in movables or immovables by continuous, uninterrupted, peaceable, public, and unequivocal possession for a
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lodger
person who occupies a rented room in another's house ;specif : a person who by agreement with the owner of a house acquires no property, interest, or possession therein but only the right to occupy a designated
lease
let go, from Latin laxare to loosen, from laxus slack] 1 a : a contract by which an owner of property conveys exclusive possession, control, use, or enjoyment of it for a specified rent and a specified
joint tenancy (with rights of survivorship)
joint tenancy (with rights of survivorship) two or more owners share equal ownership and rights to the property. If a joint owner dies, his or her share of
freeze
common stock NOTE: Once capital is frozen, the common shares can be transferred to the heirs of the owner without taxation while the owner continues to enjoy the income from preferred stock dividends during his or her
family purpose doctrine
family purpose doctrine : a doctrine in tort law: the owner of a car is vicariously liable for damages incurred by a family member while using the car with
binder
contract that provides coverage until the policy is issued 2 : a receipt for money paid to the owner of real estate or to the owner's agent to secure the right to purchase the real estate upon
accession
accession 1 : increase by something added ;specif : the mode of acquiring property by which the owner of property (as a building, land, or cattle) becomes the owner of an addition by growth, improvement, increase,
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