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...
Real estate properties have certificates of title that serve as proof of an owner that he or she possesses the property in question. The certificate of title is a legal document that identifies an owner of a real property, whether it is land or tangible assets. Aside from naming the owner of the...
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.
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...
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...
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...
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...
A bailment occurs when possession of property is transferred from one party to another. This temporary transfer of possession does not entail transfer of ownership. Hence, the former who owns the property, the bailor, is still the legal owner of the property, while the physical possession of such...
There are many ways in which a person can enter a property. However, such means can be classified as illegal and thus, a criminal act, under certain circumstances. One type of entry is ambiguous enough to be legal and illegal depending on who is entering and who is in possession of the property...
