Leased Fee Estate
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 lease permits the lessee to possess, use and enjoy the property for the specified period. For example, John agrees to lease a home at the rate of $1,200 per month for two years as a leased fee estate.
Popular Real Estate Terms
Something that cannot be taken, returned, or revoked. An example is an irrevocable trust formed by a person giving her real estate to a trust administrator. ...
See common law. ...
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Judicial finding that the debtor owes an amount exceeding the value of the collateral put up for the defaulted loan. ...
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Lender who possesses the collateral of the borrower if the loan is defaulted upon. ...
A major factor in depreciation resulting from wear and tear from use and natural deterioration through interaction of weather elements may cause depreciation to a structure. ...
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