Leased Fee Estate
A lease contract to possess a parcel or property for a certain period of time. A leased fee estate is a conditional estate conveyance in real property for a specified period of time. The lease permits the lessee to possess, use and enjoy the property for the specified period. For example, John agrees to lease a home at the rate of $1,200 per month for two years as a leased fee estate.
Popular Real Estate Terms
Requires collateral to secure the debt. An example of collateral might be one's home. ...
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House that can be bought at a low price because it is in poor condition. A buyer who is handy may find it attractive because he can personally make the needed repairs without hiring others. ...
See accommodation endorser, maker, or party. ...
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Surface level of water. ...
Roof having a concave angle. ...
Tax assessed on a transfer of property made without adequate legal consideration. This tax is based on the appraised value of the property at the time of transfer.Also, gifts of property ...
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