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Unity of interest
Unity of interest All joint tenants holding equal ownership interests.
RELATED TERMS--------------------------------------
Ownership
The right to possess and use property to the exclusion of others.
SIMILAR TERMS--------------------------------------
Unit-in-place method
The appraisal method of estimating building costs by calculating the costs of all of the physical components in the structure with the cost of each item including its proper installation, connection, etc.
Unity of ownership
The four unities that are traditionally needed to create a joint tenancy-unity of title, time, interest and possession.
Unity of possession
One of the four "unities" required to create a joint tenancy. All joint tenants hold an undivided right to possession.
Unity of time
All joint tenants acquiring their interests at the same time.
Unity of time
Unity of time means the requirement that each of the For joint tenants acquires her / his interest at the same time, as part of the same conveyance.
Unity of title
All joint tenants acquiring their interests by the same document.
PREVIOUS AND NEXT TERMS--------------------------------------
Uniform residential loan application
A loan application form required by Freddie Mac and Fannie Mae.
Uniform settlement statement
The standard HUD Form 1 required to be given to the borrower, lender and seller at the time or before settlement by the settlement agent in a transaction covered under the Real Estate Settlement Procedures Act.
Unilateral contract
A one-sided contract wherein one party makes a promise so as to induce a second party to do something. The second party is not legally bound to perform.
Unimproved land
Most commonly refers to land without improvements or buildings but also can mean land in its natural state.
Unit-in-place method
The appraisal method of estimating building costs by calculating the costs of all of the physical components in the structure with the cost of each item including its proper installation, connection, etc.
Unity of interest
Unity of ownership
The four unities that are traditionally needed to create a joint tenancy-unity of title, time, interest and possession.
Unity of possession
One of the four "unities" required to create a joint tenancy. All joint tenants hold an undivided right to possession.
Unity of time
All joint tenants acquiring their interests at the same time.
Unity of title
All joint tenants acquiring their interests by the same document.
Universal agent
A person empowered to do anything the principal could do personally.
This dictionary contains 6433 terms. |
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