Term
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Definition
| the party who transfers a freehold estate in real property to a grantee |
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Term
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Definition
| the party who receives a freehold estate in real property from a grantor |
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Term
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Definition
| an ownership interest in real property that normally ends upon the death of a named person |
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Term
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Definition
| the future interest associated with a life estate held by the grantor. |
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Term
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Definition
| a propery owners right to transfer interests owned in a property via a will. |
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Term
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Definition
| a remainder interest that has conditions attached that can prevent the remaimderman from recieving a present interest in the property. |
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Term
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Definition
| a remainder interest when the remainderman in guaranteed owership of the property at some time in the future. |
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Term
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Definition
| the future interst associated with a life estate held by the grantor |
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Term
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Definition
| an informal leasehold estate of indeterminable length that may last as long as the parties agree. |
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Term
| tenancy for a stated period |
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Definition
| a leasehold estate that continues to automatically renew each period unless terminated by either party. |
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Term
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Definition
| a leasehold estate that defines a tenants rights to cccupuy the property against the wishes of the lessor. |
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Term
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Definition
| joint ownership in which all owners have an equal but undvided interst in a property. |
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Term
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Definition
| a form of concurrent estate in which a husband and wife can own property jointly. |
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Term
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Definition
| a form of concurrent estate in which each owner has an undivided interest in the property. |
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