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A mortgage is a legal instrument of the common law which is used to create a security interest in real property held by a lender as a security for a debt, usually a mortgage loan. Hypothec is the corresponding term in civil law jurisdictions, albeit with a wider sense, as it also covers non-possessory lien.
This aims to be a complete list of the articles on real estate.
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.
An estate, in common law, is the net worth of a person at any point in time, alive or dead. It is the sum of a person's assets – legal rights, interests and entitlements to property of any kind – less all liabilities at that time. The issue is of special legal significance on a question of bankruptcy and death of the person.
A leasehold estate is an ownership of a temporary right to hold land or property in which a lessee or a tenant has rights of real property by some form of title from a lessor or landlord. Although a tenant does hold rights to real property, a leasehold estate is typically considered personal property.
Placeholder names are intentionally overly generic and ambiguous terms referring to things, places, or people, the names of which or of whom do not actually exist; are temporarily forgotten, or are unimportant; or in order to avoid stigmatization, or because they are unknowable and/or unpredictable given the context of their discussion; to de-emphasize in which event the precise specification thereof is otherwise impossible, or to deliberately expunge.
Generally, a quitclaim is a formal renunciation of a legal claim against some other person, or of a right to land. A person who quitclaims renounces or relinquishes a claim to some legal right, or transfers a legal interest in land. Originally a common law concept dating back to Medieval England, the expression is in modern times mostly restricted to North American law, where it often refers specifically to a transfer of ownership or some other interest in real property.
Blockbusting is a business practice in the United States in which real estate agents and building developers convinced white residents in a particular area to sell their property at below-market prices. This was achieved by fearmongering the homeowners, telling them that racial minorities would soon be moving into their neighborhoods. The blockbusters would then sell those same houses at inflated prices to black families seeking upward mobility. Blockbusting became prominent after post-World War II bans on explicitly segregationist real estate practices. By the 1980s it had mostly disappeared in the United States after changes to the law and real estate market.
Jesse Dukeminier was a professor of law for 40 years at the University of California, Los Angeles, and authored or co-authored a significant number of articles and textbooks in the areas of property law, wills, trusts, and estates. Dukeminier's Trusts and Estates textbook has been described as "widely used and nationally recognized". Updates are still being produced to the text, with the Dukeminier name, alongside coauthors, remaining on the work.
Oliver White Hill, Sr. was an American civil rights attorney from Richmond, Virginia. His work against racial discrimination helped end the doctrine of "separate but equal." He also helped win landmark legal decisions involving equality in pay for black teachers, access to school buses, voting rights, jury selection, and employment protection. He retired in 1998 after practicing law for almost 60 years. Among his numerous awards was the Presidential Medal of Freedom, which U.S. President Bill Clinton awarded him in 1999.
In property law of the United Kingdom and the United States and other common law countries, a remainder is a future interest given to a person that is capable of becoming possessory upon the natural end of a prior estate created by the same instrument. Thus, the prior estate must be one that is capable of ending naturally, for example upon the expiration of a term of years or the death of a life tenant. A future interest following a fee simple absolute cannot be a remainder because of the preceding infinite duration.
Cestui que is a shortened version of "cestui a que use le feoffment fuit fait", literally, "the person for whose use/benefit the feoffment was made"; in modern terms, it corresponds to a beneficiary. It is a Law French phrase of medieval English invention, which appears in the legal phrases cestui que trust, cestui que use, or cestui que vie. In contemporary English the phrase is also commonly pronounced "setty-kay" or "sesty-kay". According to Roebuck, Cestui que use is pronounced. Cestui que use and cestui que trust are often interchangeable. In some medieval documents it is seen as cestui a que. In formal legal discourse it is often used to refer to the relative novelty of a trust itself, before that English term became acceptable.
In property law and real estate, a future interest is a legal right to property ownership that does not include the right to present possession or enjoyment of the property. Future interests are created on the formation of a defeasible estate; that is, an estate with a condition or event triggering transfer of possessory ownership. A common example is the landlord-tenant relationship. The landlord may own a house, but has no general right to enter it while it is being rented. The conditions triggering the transfer of possession, first to the tenant then back to the landlord, are usually detailed in a lease.
Real estate investing involves the purchase, management and sale or rental of real estate for profit. Someone who actively or passively invests in real estate is called a real estate entrepreneur or a real estate investor. Some investors actively develop, improve or renovate properties to make more money from them.
Mineral rights are property rights to exploit an area for the minerals it harbors. Mineral rights can be separate from property ownership. Mineral rights can refer to sedentary minerals that do not move below the Earth's surface or fluid minerals such as oil or natural gas. There are three major types of mineral property; unified estate, severed or split estate, and fractional ownership of minerals.
Blackacre State Nature Preserve is a 271-acre (110 ha) nature preserve and historic homestead in Louisville, Kentucky. The preserve features rolling fields, streams, forests, and a homestead dating back to the 18th century. For visitors, the preserve features several farm animals including horses, goats, and cows, hiking trails, and a visitor's center in the 1844-built Presley Tyler home. Since 1981, it has been used by the Jefferson County Public Schools as the site of a continuing environmental education program. About 10,000 students visit the outdoor classroom each year.
A deed of trust refers to the legal instrument which is used to create a security interest in real property and real estate. Wherein legal title in real property is transferred to a trustee, which holds it as security for a loan (debt) between a borrower and lender. The equitable title remains with the borrower. The borrower is referred to as the trustor, while the lender is referred to as the beneficiary.
The Harold Lloyd Estate, also known as Greenacres, is a large mansion and landscaped estate located in the Benedict Canyon section of Beverly Hills, California. Built in the late 1920s by silent film star Harold Lloyd, it remained Lloyd's home until his death in 1971. The estate originally consisted of a 44-room mansion, golf course, outbuildings, and 900-foot (270 m) canoe run on 15 acres (61,000 m2). Greenacres has been called "the most impressive movie star's estate ever created." After Lloyd died, the acreage in the lower part of the estate along Benedict Canyon was subdivided into approximately 15 large home lots. The mansion, on top of its own hill, retained approximately 5 original acres of flat land. It was added to the National Register of Historic Places in 1984.
Greenacre may refer to:
The shelter rule is a doctrine in the common law of property under which a grantee who has received an interest in property from a bona fide purchaser will also be protected as a bona fide purchaser, even if the grantee would not legally qualify for this status. The grantee is "sheltered" from other claims by the grantor's status as an actual bona fide purchaser.
References
- ↑ Black’s Law Dictionary, “blackacre”[ page needed ]
- ↑ Jesse Dukeminier and James E. Krier. Property, 5th Ed. Aspen Law and Business, 2002, p. 160n.
- ↑ Francis Buller, An Introduction to the Law Relative to Trials at Nisi Prius (1790), page 74.
- ↑ Blackacre Foundation website Archived February 2, 2007, at the Wayback Machine
- ↑ Blackacre sold in courthouse foreclosure auction at LawsForAttorneys (via archive.org); published July 22, 2010; archived March 10 2012.
- ↑ BlackAcreBrewing.com
- ↑ "Blackacre | Graywolf Press". www.graywolfpress.org. Retrieved 2016-09-21.