ILEC
Voci Unit 10: Real property law
Voci Unit 10: Real property law
Kartei Details
Karten | 28 |
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Sprache | English |
Kategorie | Englisch |
Stufe | Andere |
Erstellt / Aktualisiert | 23.11.2011 / 07.12.2011 |
Lizenzierung | Kein Urheberrechtsschutz (CC0) |
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real property
Grundbesitz
real estate
general term for land, tenements (Wohnungen) ans hereditaments (
hereditament
property which can be inherited; also refers to land in general
freehold estate
when you completely own a building or piece of land for an unlimited time
freehold estate: fee simple
unbeschränktes Eigentumsrecht
freehold estate: fee tail or entail
das Erblehen
if you entail property, you arrange for it to be given to a specific person, usually your oldest son, when you die.
At common law, fee tail or entail is an estate of inheritance in real property which cannot be sold, devised by will, or otherwise alienated by the owner, but which passes by operation of law to the owner's heirs upon his death. The term fee tail is derived from the Middle Latin feodum talliatum, which means "cut-short fee."
freehold estate: life estate
Wohn- und Nutzungsrecht auf Lebzeiten
A life estate is a concept used in common law and statutory law to designate the ownership of land for the duration of a person's life. In legal terms it is an estate in real property that ends at death when there is a "reversion" to the original owner. The owner of a life estate is called a "life tenant".
freehold estate: pur autre vie
While it is similar to a life estate, it differs in that a person's life interest will last for the life of another person instead of their own.[1][3][4] For example, if Bob is given use of the family house for as long as his mother lives, he has possession of the house pur autre vie.[1] Pur autre vie can occur when a contingent remainder is destroyed, in a Doctrine of Merger situation, where one person acquires the life estate of another and thereby destroys a remainder not already vested.[5]
escheat
Heimfallsrecht des Staates
a legal process in which someone's money and property are given to the state after they die if they do not have awill, or if there is nobody else with a legal right to receive their money or property