Real Property - Law Dictionary Search Results
Accumulation
is restrained by our law as regards perpetuity and accumulation. See PERPETUITY. The prospective accumulation of income of real or personal estate is restrained by the (English) Law of Property Act, 1925, s. 164, replacing with amendments
REMIC
cash flow and reserves and to investment in properties acquired from foreclosure on the underlying mortgages called also real estate mortgage investment conduit compare pass-through security at security real estate investment trust at trust … treatment by restricting its own investment to the maintenance of cash flow and reserves and to investment in properties acquired from foreclosure on the underlying mortgages called also real estate mortgage investment conduit compare pass-through security at
agency
principal's behalf ap·par·ent agency : agency by estoppel in this entry exclusive agency : an agency common in real estate sales in which the property owner agrees to employ no agents to sell the property other than
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Freehold
annihilation of the feudal severities has left this tenure unshackled, and by far the greater part of the real property in this country is freehold. Such an interest in lands of frank tenement as may endure not only
Vir et uxor sunt quasi unica persona
inheritance; and C., the third person, will take the other half as joint tenant with them (Williams on Real Property). This rule was not altered by the Married Women's Property Act, 1882 (Re March, (1884) 27 Ch D
partition
partition : the severance voluntarily or by legal proceedings of common or undivided interests in property and esp. real property : division into severalty of property held jointly or in common or the sale of such property by
heir
of its owner: as a : one who by operation of law inherits the property and esp. the real property of a person who dies without leaving a valid will used in jurisdictions whose law is based on
testament
with personal property, as in the phrase last will and testament. Now a will covers both personal and real property and the terms will and testament are generally synonymous, but the phrase lives on. tes·ta·men·ta·ry [tes-tə-men-tə-rē] adj
Advertisement
to the protection afforded to Trustees and Personal Representatives by issuing an advertisement for creditors before distributing any real or personal property, see (English) Trustee Act, 1925, s. 27, amended by the (English) Law of Property (Amend.)
Bargain and sale
Bargain and sale, A contract for the sale of real or personal property of any kind operating under the Statute of Uses as a conveyance of the land,
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