A legal doctrine imposing on the landlord a duty to make the leased premises acceptable to live in and ready for occupancy and to continue to maintain them in a state of repair throughout the entire term of the lease.
Definition: A trust account maintained by a lender (mortgagee or beneficiary of a deed of trust) containing money collected from a borrower (mortgagor or trustor of a deed of trust), the purpose of which is to pay for recurring expenses such as homeowner's insurance, private mortgage insurance, and property taxes.
Terms, Definitions, and Concepts: Finance and Investment, Legal (Law), Management, Real Estate, Taxes and Taxation, Title and Title Insurance
Valuable additions made to property, amounting to more than repairs, costing labor and capital and intended to enhance the value of the property. Improvements of land would include grading, sidewalks, sewers, streets, utilities, etc. Improvements on land would include buildings, fences, and the like.
Definition: "In its present condition" describes property offered for sale in its current state, with no warranties or promises made as to its value or suitability for a specific use. Buyers must take care to practice due diligence when purchasing property offered "In its present condition".
Sometimes referred to as "As is, where is" or simply "As is".
Terms, Definitions, and Concepts: Appraisal, Auction, Legal (Law), Management, Real Estate
Zoning regulations meant to encourage or mandate certain uses within buildings, neighborhoods, or developments. For example, retail shops and restaurants might be required to occupy the ground floor of an office or residential apartment building.
A unit of length used in the English system of measurement, equal to 1/12 (0.0833) of one (1) foot, or 2.54 centimeters (cm). For more inch conversion factors, equivalents, and examples, see Inch (in) conversions and equivalents and the various Converting inches to... examples.
An inch (in) is a unit of length used in the English system of measurement.
One (1) inch is equal to 0.0833 feet.
One (1) inch is equal to 2.54 centimeters (cm).
One (1) inch is equal to 0.1262 links.
One (1) inch is equal to 0.0278 yards.
One (1) inch is equal to 0.0051 rods, poles, or perches.
One (1) inch is equal to 0.0013 chains.
One (1) inch is equal to 0.00013 furlongs.
One (1) inch is equal to 0.00002 miles.
One (1) inch is equal to 0.0254 meter (m).
One (1) inch is equal to 0.00003 kilometers (km).
For conversion examples, see the various Converting inches to... entries.
Real or personal property that exists in concept rather than having physical form; usually incorporeal property is represented by physical muniments that document ownership.
Examples of incorporeal property include rights, relationships (e.g., community property), patents, easements, estates, royalties, and appurtenances.
Same as Intangible property.
1. A right or interest in real property that cannot be voided, altered, challenged, undone, cancelled, defeated, or annulled. Same as "Indefeasible estate".
2. Title to real property, the validity of which is guaranteed by the state under the Torrens system of land registration.
One who is retained to perform a certain act, but who is subject to the control and direction of another only as to the end result and not as how he performs the act. The critical feature, and what distinguishes an independent contractor and an employee or agent, is the right to control.