Property Interest - Law Dictionary Search Results
Mortgage
a thing put into the hands of a creditor. A mortgage is the creation of an interest in property, defeasible (i.e., annullable) upon performing the condition of paying a given sum of money, with interest thereon, at
Joint-tenancy
Joint-tenancy. This tenancy is created where the same interest in real or personal property is, by the act of the party, passed by the same matter of conveyance or claim in solido,
Deed
signed, sealed, and delivered. It is either an indenture (factum inter partes) needing an actual indentation [(English) Real Property Act, 1845 (8 & 9 Vict. c. 106), s. 5], reproduced by the Law of Property Act, 1925, … by the Law of Property Act, 1925, s. 56 (2), made between two or more persons in different interests, or a deed-poll (charta de una parte) made by a single person or by two or more persons
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Tail
have taken realty as heir of the body or as tenant by the curtesy if the Law of Property Act, 1925, had not been passed [s. 130 (4) (ibid.)] The limitation of an estate so that it … [fr. tailler, Fr., to prune]. An estate-tail was formerly a freehold of inheritance and is now an equitable interest which may be created after 1925 in respect of personalty as well as realty by way of trust
Equitable estates and interests
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 … Equitable estates and interests, Rights relating to property of which the legal ownership is vested in another person, or in the equitable
Power
authority reserved by, or limited to, a person to dispone, either wholly or partially, of movable or immovable property, either for his own benefit or for that of others. The word is used as a technical term … Law authori-ties; (2) declarations, or directions, operating only on the conscience of the persons in whom the legal interest is vested; or (3) declarations or directions deriving their effect from the Statute of Uses. A power given
Copyhold
for the Land Commissioners in accordance with the Board of Agriculture Act, 1889. Under the (English) Law of Property Acts, 1922, (Amendment) 1924, 1925 and (Amendment) 1926, copyhold and customary tenures have been converted into a qualified … lord's will, and according to the custom of such manor. The tenant may have the same quantities of interest in this tenure as he may enjoy in freeholds, as an estate in fee-simple or (by particular custom)
Registration of title of land
1897 (60 & 61 Vict. c. 65), with amendments in keeping with innovations which were introduced by the property laws of 1925. Its object is to simplify the indicia of land ownership and transfer by mere inscription … not guaranteed unless separately registered. All registered land, irrespectively of the nature of title, remains subject to 'over-riding interests.' See below, notwithstand-ing registration. All estates and interests in land which come under the description of 'legal estates'
Abstract of title
Abstract of title. A concise statement, usually prepared for a mortgagee or purchaser of real property, summarising the history of a piece of land including all conveyances interests, lines & encumbrances that reflect title … a mortgagee or purchaser of real property, summarising the history of a piece of land including all conveyances interests, lines & encumbrances that reflect title to property, Black's Law Dictionary, 7th Edn., an epitome of the evidence
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