Separable Property
Definition of "Separable property"
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.
Popular Real Estate Terms
See estoppel. ...
The right and duties of using and holding property. ...
Relating to trees or shrubs normally found in temperate climates. Deciduous trees shed their leaves in the fall. Deciduous woods such as pine, oak, Maple, redwood, and spruce are widely ...
The use of borrower funds by people or business to increase the return on an investment. Examples are a mortgage to purchase real estate and buying real estate stock on margin. ...
Contract in which the borrower agrees to the terms of a loan including payment dates, interest rate, total cost of the loan, and late payment fees. ...
Individual who has the initiative to star an enterprise. The entrepreneur usually hires people to work for him. ...
Factors affecting the useability and value of property. Important land features would include whether the land was flat or hilly, cleared or uncleared, high or low elevation, dry or swampy, ...
Interior furnishings included in a model unit. Model furnishings are chosen to highlight the features of the model unit often having an interior decorator assist in the design and choice of ...
Square footage of space a parcel of land has. ...
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