by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate leasing, a step up lease is a lease agreement that provides for predetermined increases in rent at specified intervals during the lease term. The rent adjustments are set in advance and do not depend on market conditions. Step up leases are commonly...
by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate law, a statutory warranty deed is a deed that conveys title with certain warranties implied by statute rather than expressly stated in detail. It infers that the grantor is the undisputed owner of the property, has the legal right to convey it, and will...
by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate law, a statutory lien is an involuntary lien created by operation of law rather than by agreement of the parties. It arises automatically when specific conditions set forth in a statute are met. Common examples of statutory liens include property tax...
by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate and legal practice, the Statute of Limitations refers to the time period within which a legal claim must be brought in court. These time limits are established by statute and vary depending on the type of action. Once the applicable statute of...
by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate and contract law, the Statute of Frauds refers to laws that require certain types of contracts to be in writing in order to be enforceable. The purpose of these laws is to prevent fraud and misunderstandings by requiring clear evidence of the parties’...
