Word of the Day…


 

Government Lot ~

 In the rectangular survey system,

 a parcel of la nd that is not a regular section (one mile square),

 because of the convergence of range lines,

or because of a body of water or some other obstacle;

assigned a government lot number.

 

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Word of the Week:


Undivided Interest: 

A co-owner’s interest, giving him or her the right to possession of the whole property,

 rather than to a particular section of it.

Word of the week:


Ingress ~ A means of entering a property; the opposite of egress.

  The terms ingress and egress are most commonly used in reference

 to an access easement.

 

Word of the Week:


Incorporeal Rights:

Rights in real property that do not involve physical possession of anything,

such as a dominant tenant’s right to use the servient tenant’s land-an easement. 

An easement appurtenant is an incorporeal hereditament, because it is inheritable,

but an easement in gross is merely an incorporeal right, because it is not inheritable.

 

Word of the Week:


 

Love and Affection:

The consideration often listed on a deed when real estate

is conveyed between family members with no money exchanged.

  The law recognizes love and affection as good consideration

 (as distinguished from valuable consideration, which is money,

 goods, or services.)

 

Word of the Week


 

Redlining

Refusal by a lender to make loans secured by property

in a certain neighborhood

 because of the racial or ethnic composition of the neighborhood,

in violation of fair housing laws.

 

Word of the Week


 

Replevin:

Legal proceedings undertaken by a tenant to recover

possessions of personal belongings that have been unlawfully

confiscated by a landlord (usually for nonpayment of rent).

 

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