Deeded Storage

What is deeded storage? Is it a more intense form of storage? Yes and no! Deeded storage refers to a storage unit that is legally owned as part of a property’s real estate interest. If a storage unit associated with a condominium is not deeded, it is usually...

Condominium Storage Tax

What is a condominium storage tax? Is it just another fun way to pay more taxes? The answer is: kind of! Condominiums often have storage units, and these units may be legally part of the condominium itself, not a separate property that can be bought or sold...

Corporeal Hereditaments

Corporeal Hereditaments are inheritable interests in real property that have a physical, tangible existence. The term comes from traditional English common law and refers to land and anything permanently attached to it that can be owned, occupied, transferred, and...

Ancient Mortgage

Ancient Mortgages are old mortgage loans that have remained on the public record long after they were likely paid off or otherwise satisfied, often because no formal release or satisfaction was ever recorded. These mortgages may date back several decades, and in some...

Chose in Action

Chose in Action is a legal term describing a personal property right that cannot be possessed physically but can be enforced through legal action. Instead of representing ownership of a tangible object, a chose in action gives its holder the right to collect a debt,...

Doctrine of Worthier Title

Doctrine of Worthier Title is a common law rule that historically presumed a grantor did not intend to transfer future ownership of real property to the grantor’s own heirs through a deed or will. Instead, if a conveyance attempted to create a future interest in...