by Ethan Atkinson | Jul 1, 2026 | P-T, PropertyPedia
Sovereign Submerged Lands are lands that lie beneath navigable waters and are owned by a government rather than by private individuals. These lands typically include the bottoms of oceans, bays, rivers, lakes, and other navigable waterways extending to the ordinary...
by Ethan Atkinson | Jun 24, 2026 | P-T, PropertyPedia
A silent second loan is a second mortgage or subordinate loan that is not disclosed to a lender when disclosure is required. In its illegal form, a silent second loan occurs when a homebuyer obtains additional financing for a down payment or closing costs and...
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 | May 31, 2026 | P-T, PropertyPedia
Pervious pavement, also known as permeable pavement, is a specialized paving system designed to allow water to pass through its surface and infiltrate into the underlying soil. Unlike conventional impervious surfaces such as asphalt and concrete, pervious pavement is...
by Ethan Atkinson | May 28, 2026 | P-T, PropertyPedia
Reliction is a legal term in real estate that refers to the gradual and permanent exposure of land caused by the natural recession of water from a shoreline, riverbank, lake, or other body of water. As the water slowly withdraws over time, additional dry land becomes...
