property & real estate law

Abandoned Application

Definition

Refers to the abandonment of a patent or trademark application. An application is removed from the docket of pending applications at the U.S. Patent and Trademark Office when the applicant (either directly or through his attorney or agent)...

Abandoned Property

Abandoned property: an overview

Personal property left by an owner who intentionally relinquishes all rights to its control. Real property may not be abandoned. See Adverse Possession.

At common law, a person who finds abandoned property may...

Abeyance

Definition

A situation in which the legal owner to real estate is uncertain and the determination of the true owner is pending.

Absolute

Definitions

1) Property: Used in property law to describe an estate that is free from any limitations at all. Only a fee simple may be absolute.

2) Divorce: An absolute divorce is a final judgment of divorce that dissolves the marriage and allows...

Abstract

See alsoAbstract of judgmentAbstract of titleAbstract of trust

Abstract of Title

See alsoAbstract

Abstracter

See alsoAbstract of Title

Abut

Definition

Where two different pieces of land (or other parcels of real property) touch one other or have a common border.

Accretion

1) in real estate, the increase of the actual land on a stream, lake or sea by the action of water which deposits soil upon the shoreline. Accretion is Mother Nature's little gift to a landowner. Compare to avulsion and alluvion.

2) In estates,...

Ad Valorem

A Latin term meaning "according to [the] value [of something]". The term is used in taxation to designate taxes levied against property, real or personal, at a certain rate based upon the property's value.

An ad valorem tax is levied according...

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