by Ethan Atkinson | Jun 17, 2026 | F-J, PropertyPedia
Interim occupancy is a period during which a purchaser is permitted to occupy a property before legal title is formally transferred. Most commonly associated with newly constructed condominiums, interim occupancy begins when the unit is ready for possession but the...
by Ethan Atkinson | Jun 17, 2026 | A-E, PropertyPedia
A bumpable buyer is a prospective purchaser whose offer on a property is accepted subject to the removal of certain contingencies, most commonly a home-sale contingency. Under a bump clause, the seller retains the right to continue marketing the property and accepting...
by Ethan Atkinson | Jun 17, 2026 | P-T, PropertyPedia
Pur autre vie is a legal term derived from French meaning “for the life of another.” In real property law, it describes an estate or interest in land that lasts for the lifetime of a person other than the holder of the interest. A tenant holding an estate pur autre...
by Ethan Atkinson | Jun 17, 2026 | P-T, PropertyPedia
A peppercorn rent is a nominal or purely symbolic rent charged under a lease, usually when the parties wish to create a legally binding landlord–tenant relationship without requiring any meaningful rental payment. Historically, the term referred to an actual...
by Ethan Atkinson | Jun 17, 2026 | PropertyPedia, U-Z
Usufruct is a legal right that allows a person to use, possess, and derive benefits from property owned by another person, provided that the property’s essential character is preserved. Originating in Roman law, the concept separates the right of ownership from...
