To pass property by will to an heir. Strictly speaking, real estate cannot be bequeathed to an heir, it must be devised. However, if it becomes clear the purpose of the testator was to devise real estate, it can be ruled that the intent was to devise.
Popular Real Estate Terms
Governmentally held records of public transactions giving constructive notice that documentation exists confirming the transaction. ...
Requires collateral to secure the debt. An example of collateral might be one's home. ...
The United States has a law named “eminent domain” that grants local, state, or federal government the right to take ownership of a private property with or without the consent ...
An investigation to ascertain who legally has the title to property. For example, when a house is sold, the attorney for the purchase will do a title search to guarantee that the seller ...
Occurring two times per year; also called semiannual. On the other hand, biennial means occurring each two years. ...
Structure built into the water from the land providing a facility for boats to tie up. A dock will often provide utility access ...
(1) Mildly convex arch built into a load bearing beam, girder, or truss to counteract any load bearing stress placed on it. (2) Slight slope designed into a structure such as a drive4way or ...
initial plaster used on a lathe. ...
A lease contract to possess a parcel or property for a certain period of time. A leased fee estate is a conditional estate conveyance in real property for a specified period of time. The ...
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