The 2-Minute Rule for real estate agent

The 2-Minute Rule for real estate agent

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common property Group property intellectual property individual property property damage property problems insurance plan property proper property tax general public property

Assess tenancy in frequent at tenancy — community property : property held jointly by partner and wife particularly : property Primarily from work acquired by both spouse immediately after marriage that is definitely deemed in states aquiring a Neighborhood property system to belong to equally spouses as undivided just one-half pursuits

from the Company : property belonging to a certain person — experienced terminable interest property : property passing to your surviving partner that qualifies for the marital deduction If your executor so elects supplying the spouse is entitled to get earnings in payments designed at the very least annually for life Which nobody has an influence to appoint any part of the property to any person aside from the surviving wife or husband

see also antenuptial agreement Observe: In many states, on divorce marital property is divided In accordance with just what the court decides is equitable. — movable property : property (as individual property or crops) that could be moved — personal property : property (being a automobile) that is definitely movable but not such as crops or other assets nevertheless hooked up to land : property apart from real property a tax on the private property

— real property : property consisting of land, properties, crops, or other means still attached to or inside the land or enhancements or fixtures permanently hooked up for the land or maybe a composition on Additionally, it : an curiosity, gain, ideal, or privilege in this kind of property

referred to as also immovable property — individual property : property of the spouse that is not community property or marital property Specifically : property obtained by a husband or wife right before marriage or separately throughout marriage (as by gift or frequently by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial price thanks to it the insurance coverage coverage restricted property destruction coverage to tangible property

These examples are programmatically compiled from a variety of on the net resources to illustrate recent use of the word 'property.' Any thoughts expressed from the illustrations don't depict People of Merriam-Webster or its editors. Mail us suggestions about these examples.

— marital property : property obtained by possibly wife or husband throughout the training course of the relationship that may be issue to division on divorce

see also asset, estate, desire perception 1, possession feeling 1e — deserted property : property to which the operator has relinquished all legal rights Note: When property is abandoned, the proprietor offers up the acceptable expectation of privateness concerning it. The finder of abandoned property is entitled to help keep it, plus a law enforcement officer may perhaps take possession of abandoned property as evidence with no violating the assurance versus unreasonable lookups and seizures within the Fourth Amendment on the U.S. Constitution. — following-acquired property : property (as proceeds) that a debtor acquires after the commencement of the individual bankruptcy scenario and that is typically deemed Portion of the bankruptcy estate : property obtained following the perfection of a lien or security desire In particular : these kinds of property acquired after the generation of the lien or safety interest that may be subject matter for the lien or gets to be collateral for the safety fascination : property transferred on the estate of a decedent just after execution on the will — frequent property : property owned or employed by multiple celebration precisely : property owned or leased by tenants in frequent

possession in indivision at ownership Note: The states acquiring community property guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property On this entry specifically, from the civil law of Louisiana : tracts of land with their part elements — intangible property : property (to be a inventory certificate or Qualified license) that derives worth not from its intrinsic Actual physical mother nature but from what it represents — mental click here property

of not conducting warmth character applies to a peculiar and distinct good quality of a matter or a class.

a : an outstanding or trait belonging and especially peculiar to somebody or point b : an effect that an item has on Yet another item or within the senses c : virtue feeling 2 d : an attribute prevalent to all associates of a category

a : anything owned or possessed specially : a bit of real estate b : the exceptional ideal to possess, love, and dispose of a matter : ownership c : something to which somebody or company contains a authorized title d : one (like a performer) who is underneath contract and whose get the job done is especially useful e : a e-book or script bought for publication or production

property implies a attribute that belongs to your issue's vital character and will be used to explain a sort or species.

see also QTIP rely on at have faith in Notice: Below federal tax law the property needs to be A part of the gross estate on the surviving partner at his or her own Dying, wherever it truly is matter to taxation.