Definition of "Curtesy"
Husband's common law rights to the property his deceased wife owned either during the marriage or at the time of her death. The husband has life estate rights in the deceased wife's property. State laws differ on curtesy rights, and many states have eliminated them entirely. for example, as a result of Thomas'curtesy right, he has a life estate with his late wife's home, but at the time of his death the some devolves to the children from her first marriage.
Popular Real Estate Terms
The appraisal approach is used to estimate the value of an asset, based on various factors to reach the closest educated guess of the asset. While an appraisal approach does consider the ...
Judicial action to establish property ownership. In a quiet action, adverse claimants are required to state their claims or be forever stopped from any future title claim. The basic ...
Has not been registered on the companies books. It belongs to the person holding it. See also bearer bond; bearer instrument. ...
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Holder of a real estate license who solicits a prospective buyer of property and receives a commission for his efforts. ...
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