Horizontal Property Laws
Definition of "Horizontal property laws"
Body o law relating directly to condominiums and cooperative developments. Most property law provides vertical ownership of property in the sense that property owners own mineral rights as well as air rights to property. Horizontal property laws do not allow property owners to own the land on which their apartment unit is located.
Popular Real Estate Terms
Insulation covered on each side by a material, such as metal. ...
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Immediate convertibility of assets into cash without loss. Many types of real property are illiquid. ...
See estoppel. ...
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Person or business that benefits from the work of another person or business. The recipient has not compensated the other party for this gain. In law, the one being enriched at the ...
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