Definition of "Separable property"

Xiomara Leal real estate agent

Written by

Xiomara Lealelite badge icon

Sellstate Achievers Realty Network

Property wholly owned by one spouse, which was the spouse's before marriage or was received as a gift or an inheritance. This property legally belongs to that spouse and cannot be taken away in a debt action against the other spouse or for estate valuation.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

An easement granted to a public utility. ...

'Disputable' presumption that is subject to rebuttal based on evidence. However, the presumption prevails until it is rebutted. ...

(1) Cash revenue from product sales or services rendered less cash expenses. It is different from accrual earnings. (2) The money available after deducting operating expenses and mortgage ...

Certificates that pass-through principal and interest payments to investors. ...

Increase in the value of property arising from holding it. The gain is realized only when the property is sold at which time it is taxable. An example is the increase in the appraised value ...

Square footage of space a parcel of land has. ...

Structure have two dwelling units under the same roof. Two-story apartment unit. ...

Items of real and personal property that usually have a long life, such as housing and other real estate. ...

Distance from the location of natural ground and water to the actual ground level. ...

Popular Real Estate Questions