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Estate
Estate The ownership interest of a person in real property, also used to refer to a deceased person's property.
RELATED TERMS--------------------------------------
Ownership
The right to possess and use property to the exclusion of others.
Interest
Money paid to a lender as compensation for money that is borrowed.
Property
The rights of ownership. The right to use, possess, enjoy, and dispose of a thing in every legal way and to exclude everyone else from interfering with these rights.
SIMILAR TERMS--------------------------------------
Estate (tenancy) at sufferance
The tenancy of a lessee who lawfully comes into possession of a landlord's real estate but who continues to occupy the premises improperly after his or her lease rights have expired.
Estate (tenancy) at will
An estate (or tenancy ) in which a person holds or occupies real estate with the permission of the owner, for a term of unspecified or uncertain duration.
Estate (tenancy) for years
An interest for a certain, exact period of time in property leased for a specified consideration.
Estate (tenancy) from period to period
An interest in leased property that continues from period to period--week to week, month to month or year to year.
Estate at will
Possession of property at the discretion of the owner.
Estate for years
Tenant has rights in real property for a designated number of years.
Estate in land
The degree, quantity, nature and extent of interest a person has in real property.
Estate taxes
Federal estate taxes and state inheritance taxes (as well as the debts of decedents) are general, statutory, involuntary liens that encumber a deceased person's real and personal property.
PREVIOUS AND NEXT TERMS--------------------------------------
Escrow instructions
In a sales transaction, a writing signed by buyer and seller that details the procedures necessary to close a transaction and directs the escrow agent how to proceed.
Escrow money
Escrow money is held by a third party until the deal is sealed.
Escrow payment
That portion of a mortgagor's monthly payment held in trust by the lender to pay for taxes, mortgage insurance, hazard insurance, lease payments and other items as they become due.
Escrow reimbursement
The buyer reimburses the seller for the current balance of his escrow (or impounded) funds.
Essentials of a valid lease
A lease is a form of contract. To be valid, a lease must meet essentially the same requirements as any other contract: offer and acceptance, consideration, capacity to contract, legal objectives.
Estate
Estate (tenancy) at sufferance
The tenancy of a lessee who lawfully comes into possession of a landlord's real estate but who continues to occupy the premises improperly after his or her lease rights have expired.
Estate (tenancy) at will
An estate (or tenancy ) in which a person holds or occupies real estate with the permission of the owner, for a term of unspecified or uncertain duration.
Estate (tenancy) for years
An interest for a certain, exact period of time in property leased for a specified consideration.
Estate (tenancy) from period to period
An interest in leased property that continues from period to period--week to week, month to month or year to year.
Estate at will
Possession of property at the discretion of the owner.
This dictionary contains 6433 terms. |
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