Definition of "Store decisis"

Lyndi Nickerson real estate agent

Written by

Lyndi Nickersonelite badge icon

Weichert Realtors

Legal practice followed in the American and English judicial systems of following the precedents of former decisions in deciding new cases. The application of this doctrine has not only enhanced the uniformity and stability of the law throughout the country, but has also enabled the courts to be more efficient by providing guidelines for current cases.

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

Significant elevation of land. Narrow upward strip. Connection of edges between different sloping surfaces. ...

Ownership in property by two or more persons at the same time. ...

receiving something such as a cash payment. Written statement that something has been received such as cash, real property, or documents. The purchaser should always get a receipt. An ...

Mortgage for residential property. ...

Allocating common or central costs to each unit of property. An example is assigning to each owner of an apartment based on the number of rooms occupied the cost incurred by the landlord to ...

You may have heard the term codicil in a conversation but might have yet to understand it entirely. What’s the codicil definition? “Codicil meaning” refers to a supplement ...

A fiduciary intermingling a clients funds or one who is entrusted with funds and groups them with those of his own. This practice is considered a breach of a fiduciary relationship and a ...

Local governmental ordinance breaking down the country into districts that are restricted on how private property is to be constructed and used. It applies to the land and buildings. The ...

Helps in supporting a building. ...

Popular Real Estate Questions