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Unlawful detainer action
Unlawful detainer action A legal action that provides a method of evicting a tenant who is in default under the terms of the lease; a summary proceeding to recover possession of property.
RELATED TERMS--------------------------------------
Tenant
Any person in possession of real property with the permission of the owner.
Default
The inability to pay monthly mortgage payments in a timely manner or to otherwise meet the mortgage terms.
Lease
A contract whereby the landlord grants the tenant the right to occupy defined space for a set period at a specific price (i.e., rent).
Possession
The condition of having signed all the papers at closing and having received keys to the house.
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--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
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.
Unlawful detainer action
Unrated classes
Typically the most subordinated classes of CMBS.
Unrecorded deed
An unrecorded deed transfers ownership from one party to another without being officially recorded.
Unruh civil rights act
Forbids discrimination as to sex, race, color, religion, ancestry or national origin in accommodations and business establishments. Under this law there can be no arbitrary eviction, rent increase or withholding of services by virtually any landlord.
Unsecured
Describes a debt instrument, such as a debenture, that is backed only by the debtor's promise to pay.
Unsecured claim
A claim or debt for which a creditor holds no special assurance of payment, unlike a mortgage or lien; a debt for which credit was extended based solely upon the creditor's assessment of the debtor's future ability to pay.
This dictionary contains 6433 terms. |
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