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Definition
| a tangible object or a right or ownership interest |
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| AKA real estate; land and items growing on or permanently attached to that land |
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| all property that is not real property |
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| personal property that can't be touched, like stock ownership or patents |
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| used to cover intangible assets such as copyrights, trademarks, or patents, that are the product of someone's intellectual property |
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| ownership by two or more persons who have equal rights in the use of property. when a joint tenant dies that person's share passes to other joint tenant(s) |
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| ownership by two or more people. ownership shares do not have to be equal, but each has an undivided interest in the property. when a tenant dies, their share is either passed by will or by intestate statute |
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| a special type of joint tenancy that applies only to married couples. |
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| a provision in a deed that prohibits specified uses of the property |
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| a right to use property owned by another for a limited purpose |
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| the tenants right to be free from interference from the landlord with respect to how the property is used |
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| Implied Warrant of Habitability |
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Definition
| a requirement that the property be fit for the purpose for which it is being rented. owners are required to repair and maintain the premises at certain minimum levels |
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| an act by a landlord that makes the premises unfit or unsuitable for occupancy |
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| a meeting at which the buyer and seller, are their representatives sign and deliver legal documents to finalize the sale and transfer of the property |
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| The power of the government to take private property for public purposes |
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Definition
| a transfer of real property rights that occurs after someone other than the owner had actual, open, adverse, and exclusive use of the property for a statutorily determined number of years. |
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Definition
| a temporary transfer of personal property to someone other than the owner for a specified purpose |
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| someone who has the power to act in the place of another |
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| a person who permits or directs another person to act on the principal's behalf |
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| knowledge about how a product is made |
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| give authors, composers, and artists the right to control with certain limitations related to "fair use" of their creations |
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Definition
| distinctive symbol or set of words that identify a product with a specific manufacturer |
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Definition
| expression of a person's desires regarding the withholding or withdrawal of life support equipment and other heroic measures to sustain life if the individual has an incurable or irreversible condition that will cause death. |
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Term
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Definition
| the process by which the court oversees the distribution of the property left by someone with a will or someone who dies intestate |
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