property & real estate law

reentry

Reentry has two main meanings in property law:

The right to reentry (see: the right of entry, also called the power of termination) The right that the landlord has to regain possession of a clearly abandoned or improperly held...

register of deeds

A city or county government office where one can file real estate documents in the public records. Most are deeds, mortgages, liens, and leases. The specific officer charged with maintaining the register of deeds is referred to as the...

registry of deeds

See Register of Deeds.

[Last updated in April of 2021 by the Wex Definitions Team]

REIT

The acronym REIT stands for Real Estate Investment Trust, a company whose business is to own, operate or finance income-producing real estate in different sectors of the economy. For example, warehouses, office buildings, apartments, shopping...

reliction

The increase in land caused by the gradual recession, shrinkage, or change in course of a body of water (such as a lake, sea, or river) which gives the owner of the riparian property more dry land. Reliction is classified as a type of a...

relinquished property

In a 1031 exchange, the real property the investor is selling to defer recognition of gains from the sale as taxable income. A reference to relinquished property is made in § 1031(a)(3) of the Internal Revenue Code, which requires that the property...

remainder

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...

remainder subject to a condition precedent

Remainder subject to a condition precedent is also known as a contingent remainder. It refers to future interest in property that will pass to a person or entity only if certain circumstances exist at the time of the title-holder's death or...

remainderman

A remainderman is a property law term that refers to a person who stands to inherit property at a future point in time upon the termination of a preceding estate—usually a life estate. A remainderman is a third person other than the estate’s...

remise

To give up a claim to something; a term most commonly used in quitclaim deeds conveying real property. As in the U.S. Supreme Court Case Spreckels v. Brown, in conveyances, a grantor evidences their intent to convey the deed to the grantee...

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