Property Interest - Law Dictionary Search Results
Release
Tenants in common, however, could not thus release to one another, since they had distinct interests in the property. They now are equitably interested only in proceeds of sale. See UNDIVIDED SHARES, and the question of the … coparcener conveys his estate to his coparcener, or where one of more than two joint tenants conveys his interest to one or more but not all of the others so as to sever that share. It also
Springing use
Springing use, a form of use in the nature of an executory interest directing property inland to vest at a future period which does not coincide with the termination of a legal estate
Therein
'the Board or the mutawalli of the wakf' which immediately precedes it. It cannot refer to the 'wakf property'. Sub-s. (1) of s. 6 enumerates the person who can file suits and also the questions in respect … 2 Supp SCR 216. The true meaning and construction of the word 'therein' in the expression 'any person interested therein' appearing in sub-s. (1) of s. 6. In order to understand the meaning of the word 'therein'
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purchase
to take (property) by a voluntary transaction (as a sale, mortgage, pledge, lien, or gift) that creates an interest and that is governed by the Uniform Commercial Code see also bona fide purchaser vi : to purchase … purchase pur·chased pur·chas·ing vt 1 : to acquire (real property) by means other than descent or inheritance 2 : to obtain by paying money or giving other valuable
Actionable claim
'actionable claim' means a claim to any debt , other than a debt secured by mortgage of immovable property or by hypothecation or pledge of moveable property, or to any beneficial interest in moveable property not in
Coparcenary
body than the joint family. Only males who acquire the birth an interest in the joint or coparcenary property can be members of the coparcenary or coparceners. A male member of the joint family and his sons,
Lease or licence
Lease or licence, it is the creation of an interest in immovable property or a right to possess it that distinguishes a lease from a licence. A licence does not create
Feoffment
required by the (English) Statute of Frauds (29 Car. 2, c. 3, s. 1), and the (English) Real Property Act, 1845 (8 & 9 Vict. c. 106), s. 3; and by s. 2 of the latter Act, … became obsolete before the (English) Law of Property Act, 1925, s. 51, which declares that all lands and interests therein lie in grant and are incapable of being conveyed by livery or by livery and seisin, or
party
for the benefit of an accommodated party secured party : a party holding a security interest in another's property third party : a person other than the principals [insurance against injury to a third party] b :
waste
lesser estate and is usually to the injury of another (as an heir, mortgagee, or remainderman) with an interest in the same property [an action for ] ame·lio·rat·ing waste [ə-mēl-yə-rā-ti-] : waste that leads to improvement of … waste 1 : destruction of or damage to property that is caused by the act or omission of one (as a lessee, mortgagor, or life tenant) having
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