by Ethan Atkinson | Feb 15, 2026 | PropertyPedia, U-Z
In real estate law, a voluntary lien is a lien placed against property by the deliberate act of the property owner. It arises from an agreement rather than by operation of law. The most common examples of voluntary liens are mortgages and deeds of trust, which are...
by Ethan Atkinson | Feb 15, 2026 | PropertyPedia, U-Z
In real estate and contract law, void refers to an agreement or act that has no legal force or effect. A void contract is treated as though it never existed and cannot be enforced by any party. An agreement may be void due to illegality, lack of capacity, or failure...
by Ethan Atkinson | Feb 15, 2026 | PropertyPedia, U-Z
In real estate and legal usage, vested refers to a right or interest that has been granted to and secured by a person. A vested interest is fixed and not subject to being taken away without due process. In property law, title or other ownership rights are considered...
by Ethan Atkinson | Feb 15, 2026 | PropertyPedia, U-Z
In real estate transactions, a vendor is the seller or person who transfers property by sale. The term is commonly used in connection with land contract or installment sale arrangements. In a land contract, the vendor retains legal title to the property until the...
by Ethan Atkinson | Feb 15, 2026 | PropertyPedia, U-Z
In real estate transactions, a vendee is the purchaser of property, particularly in the context of a land contract or installment sale agreement. The vendee agrees to make payments over time in exchange for the right to acquire title. Under a land contract, the vendee...
