Community property refers to the legal status of property acquired by a married couple under Civil Law. Community property law typically dictates that property is owned jointly by married couples regardless of marriage roles. Community property states in the U.S. include Arizona, California,...
Fractional ownership is a term that basically describes the partial ownership of a property. In a fractional ownership, two or more individuals own and share a property. Fractional ownership as a concept is quite popular when selling vacation properties. Fractional ownership is quite easy to...
Different classifications and categories of property exist within the spectrum of common law. Such properties may be distinguished form one another based on the form they take or the value they have. Real property, in contrast to personal property, is referred to as land or any other improvements...
In legal terms, abandoned property refers to any property which has been left untouched by its owner for prolonged periods of time without a clear intention to retrieve it at some later point.
Property damage is damage or harm done to property by an individual or by forces of nature. Property damage can be done to both public and private property. When harm is done to property, it can be classified as intentional, due to negligence, or due to nature. Sometimes, property damage can...
Often referred to colloquially as squatting, adverse possession involves the usurping or occupying of property that an individual is not legally entitled to. When an individual occupies a piece of property for a specified amount of time, which is usually 10 years in most jurisdictions, then the...
There are various types of easement that exist in law, depending on the extent to which another person or thing is given access or depending on who is given the right to access the land. Easements can be attached to the piece of property, thus transferable upon sale or rent of title or deed, or...
A tax lien is imposed on a property with the aim of collecting taxes. It is a government’s right to restrict the use of a property or reclaim the property particularly if debts are not paid on time. This can cover not only the existing property but even a future property. In the U.S., state and...
When it comes to real estate and anything involving real property, it is possible that one may actually have the title or deed to the property itself but cannot claim possession of the property. This happens usually when the property or estate is being leased by a landlord to a tenant. Thus, the...
There are instances when one has to pass through a certain property in order to reach a certain destination. The property one has to cross may not be public property and therefore, not open for public use. When an individual secures permission to pass through private property in order to reach a...
