Term
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Definition
legal entity considered to be an artificial person
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Term
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Definition
person named in a will to inherit real estate
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Term
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Definition
group with each partner completely liable
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Term
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Definition
nonmarried persons with right of survivorship
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Term
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Definition
group with only general partner fully liable
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Term
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Definition
court-ordered sale and division
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Term
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Definition
co-owners joined together to carry on a business
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Term
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Definition
process by which co-owner automatically receives share of co-owner who dies
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Term
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Definition
business owned by one person or entity
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Term
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Definition
special ownership by married couple
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Term
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Definition
owners free to devise property to any heir
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Term
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Definition
real estate ownership by only one
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Term
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Definition
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Term
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Definition
group elected to manage a cooperative
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Term
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Definition
fee simple ownership of living unit
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Term
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Definition
apartment house changed to condos
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Term
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Definition
all owners in one condominium complex
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Term
Horizontal Properties Act
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Definition
regulates the creation of condominiums
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Term
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Definition
co-op owner’s right to apartment
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Term
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Definition
money set aside for future repairs
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Term
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Definition
ownership for part of a year
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Definition
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