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Estate - The degree, quantity, nature and extent of interest which a person has in real property. Estate in Reversion - The residue of an estate left for the grantor, to commence in possession after the termination of some particular estate granted by the grantor.
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A partition action is a legal process used to divide and distribute jointly owned real estate among the co-owners. In this article, we will explore the concept of partition actions, discuss the different types of partition, delve into the legal process involved, and examine the potential implications for all parties involved.
Real estate law covers the ownership and use of land in any given transaction, and isn’t too far removed from some of the principles used in property law. It’s a branch of law which refers to the possession and usage of land, and the way in which that land is utilised.
- Abstract of Judgment
- Adverse Possession
- Arbitration
- Beneficiary
- Bona FIDE Encumbrancer
- Bona FIDE Purchaser in Value
- Boundary Disputes
- Breach of Contract
- Broker
- Buyer’s Agent
A post judgment lien against real property that the debtor currently owns, or may try to purchase in the future. This is recorded in the county recorder’s office in every county where the debtor may now own or later acquire property. Related Blog- Abstract of Judgment
The legal process by which someone gains legal title to real property by the actual, open, hostile, and continuous possession of it and payment of taxes on it for 5 years. Visit Our Practice Area Page- Adverse Possession Attorney
A method of alternative dispute resolution in which the parties’ disputes are resolved through a private arbitration hearing in front of typically a retired judge. Similar to a court trial, witnesses and evidence are presented to a neutral arbitrator who acts in a similar capacity as a judge would in the trial. Related Blog- Why Arbitration Can Be ...
A person who inherits or benefits from a trust. It is someone for whose benefit a trust is created. A person or entity can be a beneficiary of a revocable trust, irrevocable trust, or even a deed of trust.
A person or entity that holds a legal interest in a property, such as a mortgage or lien, that was obtained in good faith and for valuable consideration. The term "bona fide" means genuine, sincere, or made in good faith, and an encumbrancer is someone who has a claim or lien against a property. This would be a lender who placed a lien on title wit...
A party who purchases real property without any knowledge of outside claims to the title, or encumbrances impacting the land. The buyer takes the property “free and clear” of any claims to title provided the buyer did not know about these claims and the buyer was not on notice of these claims via publicly recorded documents which provide the buyer ...
Disputes between neighboring owners of real estate concerning the property boundary lines and whether either owner has the right to extend beyond their legal property lines. Visit Our Practice Area Page- Boundary Disputes Attorney
When one party fails to fulfill any of the obligations outlined in a valid contract without a legal excuse. In real estate transactions, contracts are commonly used for buying or selling property, leasing agreements, construction contracts, and property management agreements, among others.
A broker is the person the principal designates to buy or sell property in California. All real estate agents in California have to have a supervising broker in order to buy and sell real estate.
The agent in a real estate purchase and sale deal who represents the buyer. The buyer’s agent is often called the selling agent, which can be confusing. The agent actually selling the property is then called the listing agent.
In real estate and property law, accession plays a crucial role in determining ownership rights, property value, and the intricacies of property transactions. Accession revolves around adding value to property through various means, encompassing a wide range of scenarios and situations.
Move. To make an application to a court for a rule or order, or to take action in any matter. The term comprehends all things necessary to be done by a litigant to obtain an order of the court directing the relief sought. To propose a resolution, or recommend action in a deliberative body.
Aug 29, 2015 · While the idea of a real estate contract might sound intimidating, the law provides guidance as to how the parties should approach these contracts and is fairly lenient as to their execution aside from a few strict requirements (such as offer and acceptance).
