LAWIN

Tag: Real Property

  • Usufruit

    Note: this term is used mainly in France, but may be used in other jurisdictions Real Estate meaning of UsufruitIn the words of the Encyclopedia of Real Estate Terms about Usufruit: usufruct. usufruct; usufructuary right. A right to the use and enjoyment of the fruits or profits of […]

  • Unvalued Policy

    Real Estate meaning of Unvalued PolicyIn the words of the Encyclopedia of Real Estate Terms about Unvalued Policy: An insurance policy in which the value of the insured property is not specified but, in the event of a claim, is left to be determined on the basis of the actual loss suffered, […]

  • Quiet Enjoyment

    Real Estate meaning of Quiet EnjoymentIn the words of the Encyclopedia of Real Estate Terms about Quiet Enjoyment: The right of a purchaser, or lessee, not to have his proper use and enjoyment fettered or substantially interrupted by any act of the vendor, or lessor, or any lawful act of […]

  • Multiple Listing

    Note: this term is used mainly in the United States, but may be used in other jurisdictions Real Estate meaning of Multiple ListingIn the words of the Encyclopedia of Real Estate Terms about Multiple Listing: A listing agreement entered into with a member of a multiple listing organization in […]

  • Title Insurance

    Also called: Title Insurance Policy Real Estate meaning of Title InsuranceIn the words of the Encyclopedia of Real Estate Terms about Title Insurance: A contract of insurance provided to indemnify a purchaser, mortgagee, or any other party with an interest in land, against an unknown defect of […]

  • Torrens Title System

    Real Estate meaning of Torrens Title SystemIn the words of the Encyclopedia of Real Estate Terms about Torrens Title System: A system for the registration of titles to land, originally introduced into South Australia in 1858 by Sir Richard Torrens, an Irish emigrant to Australia, who devised a […]

  • Wraparound Mortgage

    Real Estate meaning of Wraparound Mortgage In the words of the Encyclopedia of Real Estate Terms about Wraparound Mortgage : A special form of second or junior mortgage granted against security of a property that is already mortgaged, whereby a new mortgagee assumes (that is, takes over) the […]

  • Multiple Listing Service (Mls)

    Note: this term is used mainly in the United States, but may be used in other jurisdictions Real Estate meaning of Multiple Listing Service (Mls)In the words of the Encyclopedia of Real Estate Terms about Multiple Listing Service (Mls): An arrangement by which real estate brokers place their […]

  • Spot Zoning

    Real Estate meaning of Spot ZoningIn the words of the Encyclopedia of Real Estate Terms about Spot Zoning: (United States)The zoning of a small area of land, or one or more properties, for a use that is not in harmony with the normal zoning plan for the area, especially if a small area is […]

  • Cost Approach

    Real Estate meaning of Cost ApproachIn the words of the Encyclopedia of Real Estate Terms about Cost Approach: A method or approach used to estimate the value of an improved property whereby the reinstatement cost of the buildings is assessed (after an appropriate allowance for depreciation), […]

  • Licence By Estoppel

    Note: this term is used mainly in the United Kingdom, but may be used in other jurisdictions Real Estate meaning of Licence by EstoppelIn the words of the Encyclopedia of Real Estate Terms about Licence by Estoppel: A licence or, strictly, a form of proprietary estoppel that comes into […]

  • Possibility of Reverter

    Real Estate meaning of Possibility of ReverterIn the words of the Encyclopedia of Real Estate Terms about Possibility of Reverter: A form of future interest in land that arises when a person grants a fee simple interest in land to another subject to a contingent event that, if it occurs, would […]

  • Rent

    Real Estate meaning of RentIn the words of the Encyclopedia of Real Estate Terms about Rent: Derived from the Latin reditus, or the Old French rente, 'to render', 'to yield'. A periodic payment or return that a tenant makes to an owner of land, as recompense for a right to use […]

  • Zone d’Amenagement

    Note: this term is used mainly in France, but may be used in other jurisdictions Real Estate meaning of Zone D'AmenagementIn the words of the Encyclopedia of Real Estate Terms about Zone D'Amenagement: zone(French) zone; district; area. (zone artisanale: light industrial area, esp. an […]

  • Police Power

    Real Estate meaning of Police PowerIn the words of the Encyclopedia of Real Estate Terms about Police Power: The power of promoting the interests of society as a whole by limiting the freedom of an individual to act or use his property at will. In particular, the constitutional power available […]