Possession
Holding and controlling property. It includes not only custody but also having some legal right. An example is occupying real property and enjoying its benefits.
Popular Real Estate Terms
When we talk about adverse environmental impacts, we always refer to the man-made negative impact on the environment. An adverse environmental impact can be defined as negative changes that ...
Interest computations based only on the original principal. For example, the simple interest on a $100,000, 8% loan is $8,000. It is compared with compound interest which is applied to the ...
Legal order for a person to present at a deposition or trial documents in his possession, such as related to a real estate transaction. ...
The substitution of one person or business for another when the substituted person or business has the same rights and obligations as the original party. An insurance company can surogate ...
Timeshare homes is the popular name given to the concept of fractional ownership in real estate, and, in fact, is a better term to explain its meaning.Why?Well, fractional ownership means ...
The direction in which a community is growing. Directional growth is measured over time, and its path strongly influences current and future market values of those properties clearly in ...
The value of property subject to tax. The tax equals the tax rate multiplied by the property's value. ...
Items of real and personal property that usually have a long life, such as housing and other real estate. ...
The term actual notice is used most often in connection with property law, but the concept can also be applied in other law areas. To define actual notice, we can look at the two major ...
Have a question or comment?
We're here to help.