Real Time Operation - Law Dictionary Search Results
Owner
whom is vested the ownership, dominion, or title of property; proprietor. He who has dominion of a thing, real or personal, corporeal or incorporeal, which he has a right to enjoy and do with as he pleases, … Act, 1901, and the London Building Acts (Amendment) Act (5 Edw. 7, c. ccix.), 'the person for the time being receiving the rack-rent of the premises in connection with which the word is used, whether on his … rights or liabilities under the agree-ment has passed by assignment or by operation of law. [Hire-Purchase Act, 1972 (2 of 1972), s. 2 (f)] It
lien
a security interest in the property compare tax sale at sale vendor's lien : a lien on esp. real property securing payment in full of the purchase price by the buyer voluntary lien : a lien created … float·ing lien : a lien created in a security agreement against property owned by the debtor at the time of the agreement's creation as well as property acquired after the agreement's creation general lien 1 : a … duty that is created by agreement of the parties or esp. by operation of law ;specif : a security interest created esp. by a mortgage
trust
creation except upon the consent of all the beneficiaries land trust : a trust created to effectuate a real estate ownership arrangement in which the trustee holds legal and equitable title to the property subject to the … trust [-lēd-] : a trust in which a charity is named as the beneficiary for a period of time after which named individuals succeed as beneficiaries charitable remainder annuity trust : a charitable remainder trust in which … land trust in this entry implied trust : a trust arising by operation of law when the circumstances of a transaction imply the creation of
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Deed
duly 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, … whom made, since the rent will be annexed to the reversion and belong to the person for the time being entitled to the latter. (l) Conditions, conditional limitations, provisos for cesser of interests, clauses of restraint, and … Thus a recital may restrain the effects of general phraseology in the operative part of a deed, and although it is not evidence as against
Tail
would have been vested in, or might have been claimed by, the person making the disposition, at the time of his making the same, and also as against all persons, including the King's most excellent Majesty, his … not have created an estate tail by deed before 1926, coming into operation after 1925 will be construed for this purpose according to their effect … is now an equitable interest which may be created after 1925 in respect of personalty as well as realty by way of trust and which (if not barred or disposed of by will after 1925) will devolve
Mortgage
admissible, the reservation of a higher rate, with an abatement for punctual payment, may be made. The (English) Real Estate Charges Acts, 1854 and 1877 (17 & 18 Vict. c. 113, and 40 & 41 Vict. c. … annullable) upon performing the condition of paying a given sum of money, with interest thereon, at a certain time. This conditional assurance is resorted to when a debt has been incurred, or a loan of money or … This receipt by s. 115 of the Law of Property Act, 1925, operates as a surrender, reconveyance or transfer of the mortgaged property subject to
Salary or wages
of Goods Act. All causes and matters for the specific performance of contracts between vendors and purchasers of real estates are assigned to the Chancery Division of the High Court of Justice, as are also all causes … the cost of living), but does not include-- (i) any other allowance which the employee is for the time being entitled to; (ii) the value of any house accommodation or of supply of light, water, medical attendance
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