Pur Autre Vie
Definition of "Pur autre vie"
Latin for through the life of another. A life estate in property is granted to an individual so long as a third person is alive.
Popular Real Estate Terms
A roof having two slopes on each side. The second slope is longer than the first part of the roof and extremely steep. ...
Illegally keeping or holding on to someone else's property. An example is a tenant staying in the apartment after the lease has expired. A court order may be sought to evict the tenant. ...
Stated rate of interest on the face amount of a loan or installment note. ...
(1) The exposed trim and molding surrounding a door or window. (2) Woodwork which encases a pipe or structural member. (3) Method of creating a form for the pouring of concrete. ...
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Discounted value of net cash receipts to be obtained from a property. The present value calculation includes consideration of annual cash inflows plus the disposal value. ...
Homes with division of ownership or use of a resort unit on the basis of time periods. For example, a resort home may be divided into 25 time shares of two weeks each, with two weeks left ...
If you have been wondering what can cause a market failure, the most common answer is externalities. An externality is an indirect cost or benefit to a neutral third party that comes from ...
Inappropriate and possibly harmful use of land. For example, a factory located on the shore of a river discharges toxic pollutants into the waterway. ...
Comments for Pur Autre Vie
Is it possible to transfer a life estate interest in Florida
Feb 19, 2021 15:22:15Hey, James! Are you referring to fee simple estate? Please check out our glossary term on the topic.
Mar 04, 2021 08:16:33Have a question or comment?
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