Tag: owner

DefinitionA concurrent estate or co-tenancy is a concept in property law which describes the various ways in which property is owned by more than...

DefinitionA safe deposit box, also known as a safety deposit box, is an individually secured container, usually held within a larger safe or bank...

What is joint ownership of property Joint owned property refers to a situation in which two or more individuals own an asset together. There are...

DefinitionBailment describes a legal relationship in common law where physical possession of personal property, or a chattel, is transferred from one person to another...

Home Ownership by Country Vendor Take-Back Mortgage What is a 'Vendor Take-Back Mortgage' A vendor take-back mortgage is a type of mortgage...

What is 'Land Value' Land value is the value of a piece of property, including both the value of the land itself...

When it comes to buying a home, there are many different options available to you. One of those options is the land lease option....

What is a land contract and how does it works? A land contract is a contract between the buyer and seller of a piece of...

DefinitionThere are two distinct definitions of a land trust... Land Trust What is 'Land Trust' A legal agreement where a trustee is...

DefinitionA lease option is a type of contract used in both residential and commercial real estate. In a lease-option, a property owner and tenant...