by Ethan Atkinson | Feb 13, 2026 | P-T, PropertyPedia
In real estate and contract law, a third party is a person who is not one of the primary parties to a contract but whose interests may be affected by it. Although the contract may relate to property or rights in which the third party has an interest, the third party...
by Ethan Atkinson | Feb 13, 2026 | P-T, PropertyPedia
In real estate and probate law, a testator is a person who makes a valid last will and testament. The testator sets forth instructions for the distribution of property upon death. The testator’s wishes are carried out through the probate process, subject to applicable...
by Ethan Atkinson | Feb 13, 2026 | P-T, PropertyPedia
In real estate and probate law, testate refers to a person who has died leaving a valid written last will and testament. The will directs how the person’s property, including real estate, is to be distributed. When a person dies testate, the estate is administered...
by Ethan Atkinson | Feb 13, 2026 | P-T, PropertyPedia
In real estate law, a tenant in severalty is a person who owns property alone without any co owners. This form of ownership is also referred to as ownership in severalty. A tenant in severalty holds full title and has exclusive rights to possess, use, and transfer the...
by Ethan Atkinson | Feb 13, 2026 | P-T, PropertyPedia
In real estate law, a tenant for life is a person who holds an estate in real property for the duration of a specified individual’s life. The measuring life may be the tenant’s own life or the life of another person. When the designated life ends, the estate...
