Contributor – Propertylogy

All posts by Contributor

  • Trade Fixtures

    Trade fixtures are personal property that has been attached to the structure for business use, and remain the personal property of the tenant unlike regular fixtures that remain as part of the property. Because trade fixtures are...

    • Posted November 14, 2018
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  • Interpleader

    An interpleader is a legal proceeding initiated by a third party holding money without claims to it, like an escrow company, to determine the rights of claimants and which party to receive the money. An event like...

    • Posted November 13, 2018
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  • Unearned Increment

    Unearned increment on property refers to an increase in land value over time that is not a direct result of actions taken by the owner. Such value appreciation is often caused by the general improvement of conditions...

    • Posted November 11, 2018
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  • Security Instrument

    A security instrument is a generic word used to describe an interest in property creditors have that allows them to sell it upon default of the agreed obligation between the parties involved. This is most commonly observed...

    • Posted November 10, 2018
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  • Mailbox Rule

    The mailbox rule is a contract law that states an acceptance of offer would have reasonably occurred when a party places a letter of acceptance in the mail, receipt of the offer would not be required. This...

    • Posted November 9, 2018
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  • Lock Box

    A lock box is a specially designed box place on the door of homes with the keys to the door secured inside. This device is installed so that real estate agents and prospective buyers of the house...

    • Posted November 8, 2018
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  • Fortress Mall

    A fortress mall is a slang used to describe a high end shopping mall with at least one departmental store and minimum of four anchor tenants. They will also have ample parking space to cater for high...

    • Posted November 7, 2018
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  • Attractive Nuisance

    An attractive nuisance is a term that describes a feature on a property with an attractive appeal but can be hazardous to people including trespassers and children. An obnoxious property owner who has one of these features...

    • Posted November 6, 2018
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  • Warranty Of Habitability

    The warranty of habitability is an implied promise backed by law that a landlord has to provide a premise that is free from health and safety hazards. The absence of the mention of this warranty in lease...

    • Posted November 1, 2018
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  • Starter Castle

    A starter castle is a tongue-in-cheek term used to describe a very big house constructed on a very small lot. The house on the land might be built all the way to the edge of the land,...

    • Posted October 31, 2018
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