landlord & tenant

Abatement Clause

Definition

Provision in a lease agreement that releases the tenant from paying rent if an act of God makes occupancy impossible or otherwise precludes the property from being used.

See alsoAbatement

Adverse Possession

Overview

Adverse possession is a doctrine under which a person in possession of land owned by someone else may acquire valid title to it, so long as certain common law requirements are met, and the adverse possessor is in possession for a sufficient...

Affirmative Waste

See voluntary waste.

Ameliorative Waste

In property law, refers to a situation where a tenant makes repairs and improvements on property that increase the value of the property, but, did not ask permission of the landowner or any future interest holders to make these improvements.

Assignee

Definition from Nolo’s Plain-English Law DictionaryA person to whom a property right is transferred. For example, an assignee may take over a lease from a tenant who wants to permanently move out before the lease expires. The assignee takes control of the...

Assignment

Definition from Nolo’s Plain-English Law Dictionary1) A transfer of property or ownership rights from one person to another, called the "assignee." For example, a lease may be assigned from one tenant to another. Or, ownership rights for a patent,...

Assignment for Benefit of Creditors

Definition from Nolo’s Plain-English Law Dictionary A voluntary transfer of a debtor's property into a trust to be used to pay creditors. The trustee collects any income owed the debtor, liquidates the debtor's property that has been transferred to the...

Assume

Definition from Nolo’s Plain-English Law Dictionary1) To take over another person's rights and/or obligations. For example, one person might assume another's car lease, residential lease, or debt. 2) In bankruptcy, for the bankruptcy trustee to take over...

Assumption

Definition from Nolo’s Plain-English Law DictionarySee: assume, assumption of risk

Definition provided by Nolo’s Plain-English Law Dictionary.

Bailment

A 'bailment' is a non-ownership transfer of possession. Under English Common Law, the right to possess a thing is separate and distinct from owning the thing. In some jurisdictions, an owner of an object can steal his own property, a curious result of...

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