Heriditaments


Definition of "Heriditaments"

Nicki Colontonio & Maria Lazzaro
  Berkshire Hathaway HomeServices

Any property that is part of an estate and is real or personal, material or intangible, having actual worth or is worthless and can be directly willed to an heir.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Mortgage Life Insurance

Insurance coverage to pay the balance of the mortgage if the wage earner dies. ...

Real Estate Mortgage Investment Conduit (REMIC)

Holding pool of mortgages. It is marketed as a tax exempt mortgage backed security for investors. ...

Ultra Vires

Latin phrase meaning "beyond power or authority" describing an act by a corporation that exceeds its ...

Payment Period

The period over which the borrower is obliged to make payments. On most mortgages, the payment peri ...

Furring Strip

Insulating material attached to crevices around doors and windows to prevent air from either enterin ...

Upstream Holding Company

Holding company formed by at least one stock insurance company. This holding company is owned by its ...

Related Real Estate FAQ

What Is A Buyer’s Agent?

An agent hired by buyers to help them find and negotiate the purchase of a home. This agent works fo ...

What Do I Need To Know About Whole Life Insurance?

Whole life insurance insurance provides the coverage amount to your beneficiary in the of your death ...

What Is An Easement?

An easement is the right given by the landowner to use the property. ...

What Is An Overall Debt Ratio?

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-t ...

What Is A Seller Takeback?

A seller takeback is a type of financing in which the seller arranges for the financing on a propert ...

What Is A Title?

A title is the right of property ownership. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? 5 U.S. Cities with the Best Public Transportation 7 Tips for a First Time Homebuyer Rent or Buy - the pros and cons When to buy a house

FAQ

What does preapproved mean? How Much Will My Principal Be? What do I need to know about Individual Health Insurance? What is a principal? What is a deed?