Separate Property

In real estate and marital property law, separate property refers to property owned by a married person individually and not as part of the community estate. This property belongs solely to one spouse and is not subject to division as community property. Separate...

Selling Agent

In real estate brokerage, a selling agent is the real estate agent who procures the buyer in a transaction. This agent represents the party who brings the buyer to the property, regardless of who originally listed it. The selling agent may be different from the...

Seisin (Seizin)

In real estate law, seisin, also spelled seizin, refers to the possession of real property by a person who is legally entitled to it. It denotes both ownership and the right to possess the land. Historically, seisin was an important concept in establishing lawful...

Security Interest

In real estate and commercial finance, a security interest is the legal interest a creditor holds in the property of a debtor to secure payment or performance of an obligation. It gives the creditor rights in the collateral until the debt is satisfied. Under the...

Security Agreement

In real estate and commercial finance, a security agreement is a contract between a debtor and a secured party that creates a security interest in personal property. It is governed by the provisions of the Uniform Commercial Code. The security agreement identifies the...

Security (real estate finance)

In real estate and finance, security refers to real or personal property that is pledged or hypothecated by a borrower to protect the lender’s interest. The property serves as collateral to ensure repayment of a loan or performance of an obligation. If the borrower...