by Ethan Atkinson | Feb 5, 2026 | K-O, PropertyPedia, Real Estate
In real estate and business law, a Limited Partnership is a partnership structure made up of one or more general partners and one or more limited partners. The general partners manage and control the partnership’s business affairs and are personally liable for its...
by Ethan Atkinson | Feb 5, 2026 | K-O, PropertyPedia, Real Estate
In real estate taxation, Like-Kind Property is a term used in tax deferred exchanges under Section 1031 of the Internal Revenue Code. It refers to property that is exchanged for other property of the same general nature or character, allowing the deferral of capital...
by Ethan Atkinson | Feb 5, 2026 | K-O, PropertyPedia, Real Estate
In real estate law, a Life Estate is an ownership interest in property that lasts for the lifetime of a specified person. The measuring life may be the person holding the estate or another designated individual. The holder of a life estate has the right to possess and...
by Ethan Atkinson | Feb 5, 2026 | K-O, PropertyPedia, Real Estate
In real estate law, Lien Theory is the legal concept followed in many states under which a mortgage is considered a lien against the property rather than a transfer of title. Under this theory, the borrower, known as the mortgagor, retains legal title and possession...
by Ethan Atkinson | Feb 5, 2026 | K-O, PropertyPedia, Real Estate
In real estate law, a Lien is a legal claim or encumbrance against property to secure the payment of a debt or obligation. Liens may be voluntary, such as a mortgage, or involuntary, such as a tax lien or judgment lien. A lien affects the title to property by limiting...
by Ethan Atkinson | Feb 5, 2026 | K-O, PropertyPedia, Real Estate
In real estate and legal contexts, a Levy is the legal seizure of property by a court or governmental authority to satisfy a debt or judgment. It is typically carried out through judicial process following a court order. A levy may involve real property or personal...
