Public property refers to property owned by the government (or its agency), rather than by a private individual or a company. It belongs to the public at large. Examples include many parks, streets, sidewalks, libraries, schools, playgrounds...
property
(Wex page)
Public trust doctrine is a legal principle establishing that certain natural and cultural resources are preserved for public use. Natural resources held in trust can include navigable waters, wildlife, or land. The public is considered the...
(Wex page)
A remainder is a future interest in real estate that is transferred to the transferee or remainderman under property law. The remainderman has the ability to possess the property at the natural end of a previous property formed by the same...
(Wex page)
A future interest that the grantor keeps. It follows an estate subject to a condition subsequent.
Example: From O to A, on the condition that A does not smoke. If A smokes, O has the right to come in and reclaim the land. Note that O must...
(Wex page)
A rule of law that may apply to certain future interests. Prohibited the conveyance of a future interest to the heirs of the grantee who received the possessory estate. If the grantor tried to convey a future interest to the heirs of the grantee, the...
(LIIBULLETIN preview (pre-2014))
Issue
Is the recommendation of an attorney considered "property" which can be extorted for purposes of federal anti-extortion law?
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FactsThe New York State Comptroller is the sole trustee for the Common Retirement Fund (“Fund...
(Wex page)
Separate property is property that is owned by one spouse and not the other. There are two categories of marital property; community property, and separate property. Community property is when spouses share all property equally. However, even...
(Wex page)
An executory interest that follows an interest that another grantee held.
See: Future Interest
(Wex page)
An executory interest that follows an interest that the grantor held.
See: Future Interest
(Wex page)
An estate that has a natural duration that may be cut short once a particular event or condition happens that allows the grantor to take the property back. The particular event is part of the grantor's future interest rather than part of the estate...