The Ultimate Guide To real estate agent

The Ultimate Guide To real estate agent

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common property Local community property intellectual property personal property property injury property destruction coverage property proper property tax general public property

Examine tenancy in widespread at tenancy — community property : property held jointly by husband and spouse precisely : property Particularly from employment obtained by possibly wife or husband after marriage that is considered in states having a community property system to belong to the two spouses as undivided a single-fifty percent passions

from the corporation : property belonging to a certain particular person — skilled terminable fascination property : property passing to the surviving wife or husband that qualifies for the marital deduction Should the executor so elects providing that the wife or husband is entitled to acquire profits in payments built at least annually for all times Which no-one has a power to appoint any part of the property to anyone in addition to the surviving wife or husband

see also antenuptial arrangement Observe: In many states, upon divorce marital property is divided In line with exactly what the court establishes is equitable. — movable property : property (as particular property or crops) which can be moved — private property : property (like a vehicle) that may be movable although not which includes crops or other resources continue to connected to land : property apart from real property a tax on the personal property

— real property : property consisting of land, properties, crops, or other means even now connected to or within the land or advancements or fixtures permanently connected on the land or even a composition on What's more, it : an curiosity, benefit, ideal, or privilege in these property

referred to as also immovable property — different property : property of a spouse that isn't community property or marital property Specially : property acquired by a husband or wife just before marriage or separately in the course of relationship (as by present or frequently by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic economic price as a result of it the insurance policy restricted property destruction protection to tangible property

These examples are programmatically compiled from several on the net sources For example present use in the term 'property.' Any thoughts expressed from the examples tend get more info not to represent Individuals of Merriam-Webster or its editors. Send us opinions about these illustrations.

— marital property : property acquired by both wife or husband throughout the study course of a relationship that is topic to division upon divorce

see also asset, estate, fascination perception 1, possession feeling 1e — deserted property : property to which the owner has relinquished all rights Notice: When property is deserted, the owner offers up the fair expectation of privacy concerning it. The finder of abandoned property is entitled to maintain it, and a police officer may possibly choose possession of abandoned property as evidence devoid of violating the guarantee in opposition to unreasonable lookups and seizures in the Fourth Amendment for the U.S. Structure. — just after-obtained property : property (as proceeds) that a debtor acquires after the commencement of a bankruptcy situation and that is commonly thought of A part of the personal bankruptcy estate : property obtained once the perfection of the lien or security curiosity Specially : these property obtained following the creation of a lien or safety fascination that is definitely subject towards the lien or gets to be collateral for the security curiosity : property transferred for the estate of a decedent right after execution in the will — widespread property : property owned or utilized by more than one celebration especially : property owned or leased by tenants in common

ownership in indivision at ownership Note: The states having community property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property Within this entry especially, inside the civil law of Louisiana : tracts of land with their component parts — intangible property : property (as a inventory certification or Qualified license) that derives price not from its intrinsic Bodily nature but from what it represents — mental property

of not conducting warmth character applies to a peculiar and distinctive quality of the matter or a category.

a : an outstanding or trait belonging and especially peculiar to an individual or detail b : an result that an object has on another item or to the senses c : virtue sense two d : an attribute frequent to all members of a category

a : a thing owned or possessed exclusively : a bit of real estate b : the exclusive suitable to possess, take pleasure in, and dispose of a detail : possession c : some thing to which a person or business enterprise incorporates a authorized title d : one (for instance a performer) that is below deal and whose operate is particularly beneficial e : a reserve or script acquired for publication or manufacturing

property indicates a characteristic that belongs to a matter's crucial nature and should be utilized to explain a kind or species.

see also QTIP trust at rely on Be aware: Underneath federal tax law the property need to be included in the gross estate of your surviving partner at his or her possess Dying, in which it is subject matter to taxation.