The 2-Minute Rule for real estate agent

The 2-Minute Rule for real estate agent

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common property Neighborhood property intellectual property individual property property destruction property hurt insurance policies property correct property tax public property

Look at tenancy in prevalent at tenancy — community property : property held jointly by husband and spouse specifically : property Specially from employment acquired by both spouse just after marriage that is deemed in states aquiring a Neighborhood property process to belong to the two spouses as undivided just one-50 percent interests

on the corporation : property belonging to a selected individual — capable terminable fascination property : property passing to some surviving wife or husband that qualifies to the marital deduction if the executor so elects delivering that the husband or wife is entitled to receive profits in payments manufactured a minimum of on a yearly basis for life Which no person has a power to appoint any Section of the property to any person aside from the surviving partner

see also antenuptial settlement Be aware: For most states, upon divorce marital property is split Based on exactly what the court decides is equitable. — movable property : property (as own property or crops) that could be moved — individual property : property (to be a motor vehicle) that is movable but not together with crops or other sources even now hooked up to land : property other than real property a tax on the private property

— real property : property consisting of land, buildings, crops, or other sources nevertheless hooked up to or throughout the land or improvements or fixtures permanently connected to your land or simply a framework on In addition it : an interest, reward, suitable, or privilege in these types of property

called also immovable property — separate property : property of a spouse that is not Neighborhood property or marital property In particular : property obtained by a partner ahead of relationship or individually in the course of relationship (as by present or often by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic price thanks to it the insurance coverage policy restricted property injury coverage to tangible property

These examples are programmatically compiled from a variety of on the web resources For example current usage of the word 'property.' Any thoughts expressed while in the illustrations tend not to symbolize Individuals of Merriam-Webster or its editors. Ship us opinions about these examples.

— marital property : property acquired by both partner throughout the program of the relationship that is issue to division upon divorce

see also asset, estate, interest sense 1, possession perception 1e — abandoned property : property to which the owner has relinquished all rights Note: When property is abandoned, the owner gives up the affordable expectation of privacy regarding it. The finder of abandoned property is entitled to help keep it, plus a law enforcement officer might get possession of deserted property as evidence without having violating the assurance from unreasonable lookups and seizures in the Fourth Amendment to the U.S. Structure. — after-acquired property : property (as proceeds) that a debtor acquires once the commencement of the individual bankruptcy case and that's ordinarily considered A part of the bankruptcy estate : property obtained once the perfection of the lien or stability fascination In particular : these property acquired after the generation of the lien or safety interest that is issue to your lien or will become collateral for the security desire : property transferred into the estate of check here the decedent soon after execution in the will — common property : property owned or employed by multiple get together especially : property owned or leased by tenants in typical

ownership in indivision at possession Notice: The states possessing community property laws are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property in this entry precisely, from the civil legislation of Louisiana : tracts of land with their ingredient sections — intangible property : property (as being a inventory certification or Skilled license) that derives value not from its intrinsic Actual physical character but from what it represents — mental property

of not conducting heat character applies to a peculiar and distinct high-quality of the factor or a class.

a : an excellent or trait belonging and particularly peculiar to a person or thing b : an outcome that an item has on another item or within the senses c : advantage feeling 2 d : an attribute popular to all associates of a category

a : some thing owned or possessed specially : a piece of real estate b : the special proper to have, get pleasure from, and eliminate a point : possession c : some thing to which somebody or company provides a legal title d : just one (such as a performer) who's less than contract and whose get the job done is particularly important e : a e-book or script procured for publication or manufacturing

property indicates a characteristic that belongs to your factor's necessary nature and should be used to describe a sort or species.

see also QTIP have confidence in at belief Be aware: Underneath federal tax regulation the property should be A part of the gross estate of your surviving spouse at their individual death, the place it is matter to taxation.