Definition of "Ad litem"
Need to know the Ad Litem definition after coming across this weird term?
Ad litem is short for “Guardian Ad Litem” or “Attorney Ad litem”, a legal term that refers to the person appointed by the court to investigate what results would be of best interest to the child (or a grownup that is legally incapacitated of representing himself) in the lawsuit at hand. The Guardian Ad Litem (GAL), then, represents that person and fights for that outcome.
The most common use for it is in divorce lawsuits. But in Real Estate it can also have many uses:
- Say a kid becomes an orphan – a GAL will be appointed to act on his or her behalf in court regarding the kid’s rights to inheritance.
- If a situation arises for a non-verbal person with special needs and no relatives that leads to a Homes for the disabled lawsuit, the court will also appoint a GAL.
- It can even be used in a property litigation: to act on behalf of an estate if the owners are unavailable or unwilling to do so.
Lastly, in case you’re wondering: The root of the Ad Litem definition comes from Latin. The word Ad Litem means “for the suit”, or “for the proceeding”.
Have a Real Estate Agent as your guardian, protecting your best interests at all times!
Popular Real Estate Terms
Housing whose rental payments are reduced because of aid granted by the federal, state, or local governments, private enterprises, or individuals. For example, monthly rental payments for ...
Method used by appraisers and investors to evaluate a level of payment income stream for a fixed period of years predicated on a specific interest rate. ...
Document issued by a governmental agency permitting the recipient to do something. An example is a building permit to construct a structure. ...
Timeshare homes is the popular name given to the concept of fractional ownership in real estate, and, in fact, is a better term to explain its meaning.Why?Well, fractional ownership means ...
Bankruptcy declared by any insolvent person or business. In contrast to involuntary bankruptcy, which is applied for by the creditors. ...
The ability to pay is a self-explanatory term used in Real Estate to determine if the Home Buyer has the financial health to honor a deal. Mortgage Lenders can't afford to lend out money ...
That part of a roof which projects beyond the sides of the building. The eaves keep rain overflow of the sides of a building structure and seal the roof rafters. ...
Percentage of rentals estimated not to be made because of actual and anticipated vacancies. ...
In everyday discourse, the term specifications describe various properties and features. They can be attributed to products, services, objects, and industries, such as real estate. What do ...
Have a question or comment?
We're here to help.