Exception in deed is a reservation of a property interest in the deed for the transferor. The transferor is explicitly keeping some part of the property being given to the transferee such as an easement or a life estate. For example, a...
land use & zoning law
expropriation
Expropriation is the governmental seizure of property or a change to existing private property rights, usually for public benefit. The Fifth Amendment of the United States Constitution prohibits governmental taking of property without “just...
Federal Land Policy and Management Act
The Federal Land Policy and Management Act (FLPMA) codified and expanded the powers of the Bureau of Land Management (BLM) with the goal of maximizing “multiple use” and “sustained yield” of public lands and resources. Prior to the Act, the...
flipping
Flipping is a slang term for a popular real estate investment strategy where someone buys a property at a low price and quickly resells it at a higher price. Typically, the person will make improvements to the property before attempting to...
floating easement
Floating easement is an express easement where the location of the easement is not specified yet. For different reasons, like uncertainty of where to place a water line, an owner may grant an easement without knowing the specifics of where...
freehold estate
Estates with a freehold are those that last for eternity.
There are some freehold estate types where the estate lasts past the life of the owner and passes to their living heirs upon death in accordance with the terms of the...
general plan
General plan (also referred to as a comprehensive or master plan) is a broad, long-term plan made by cities and other governments to organize development and community initiatives. General plans have been used by cities in the United States...
grantor-grantee index
Grantor-grantee index is a tool used by most counties in the United States to record the transferring of property ownership. Every time someone sells their land, they or the loan company should record the sale with the county records office....
highway
A highway is any public street, road, or turnpike that any member of the public has the right to use. A highway is defined in 23 CFR § 924.3 as:
A road, street, or parkway and all associated elements such as a right-of-way, bridge,...home office
Home office in the legal setting most commonly arises regarding the potential tax deductions under § 280A(c) of the Internal Revenue Code. Since the Tax Cuts and Jobs Act of 2017 disallowed the employee business expenses deduction until 2026...