Tag: Real Estate

  • Easement

    Legal Definition and Related Resources of Easement Meaning of Easement A right of the owner of one parcel of land, by reason of such ownership, to use the land of another for a special purpose not inconsistent with the general property in the […]

  • Grantor

    Legal Definition and Related Resources of Grantor Meaning of Grantor A person who makes a grant . Grantor Alternative Definition He by whom a grant is made. […]

  • Escheat

    Escheat

    The reversion of property to the state as the ultimate proprietor of land, by reason of the lack of anyone to inherit it. An incident of tenure arising out of the feudal system whereby the escheated estate , on the death without heirs of the person last seized, escheats […]

  • Demise

    Demise

    Conveyance or transfer of an estate either in fee, for life or for years. See Gilmore v Hamilton, 83 Ind. 196.The term denotes something more than the mere letting or a lease . It embraces a fee, importing an agreement between the landlord and the tenant of implied covenants on […]

  • Ejectment

    A mixed action in which recovery of land, rents due and damages could be recovered in the same action. In strict sense, an action at law for the termination of a claim of right of possession to and recovery of possession of corporeal hereditaments. Bradshaw v Ashley, 180 U.S. […]

  • Ejectment

    A mixed action in which recovery of land, rents due and damages could be recovered in the same action. In strict sense, an action at law for the termination of a claim of right of possession to and recovery of possession of corporeal hereditaments. Bradshaw v Ashley, 180 U.S. […]

  • Abstract of Title

    Abstract of Title

    A condensed history of the title to land appearing on the public records consisting of a summary of the relevant portion of all conveyances which affect said land or any estate or interest, together with a statement of all liens or liabilities to which the land may be subject. See Geithman v […]

  • Closing Statement

    An attorney’s summation at a trial.

  • Closing

    The completion of a transaction. In real estate law, the execution of the contract of sale.

  • Commercial Property

    Commercial Property

    See also real property (in U.S. law) used in… (Read more)…

  • Contract of Sale

    See also Contract of Sale in Real Estate A formal… (Read more)…

  • Fee Simple

    The greatest estate that any person can have in land under the common law. The holder of an estate in fee simple has absolute power of disposition and, if he dies intestate, the estate descends to his heirs. While in modern times an estate in fee simple is created in grants by the wo^ in…

  • Earnest Money

    See also Earnest Money in Real Estate The payment of part… (Read more)…

  • Dower

    That portion or interest in the real estate of a deceased husband which the law gives to his widow during her life. The life interest which a wife acquires on her husband’s death in one-third of all the real estate of which he may have been seised or possessed at any time […]

  • Condominium

    Legal Definition and Related Resources of Condominium Meaning of Condominium A single real property parcel with all the unit owners having a right in common to use the common elements with separate ownership confined to the individual units which […]