by Ethan Atkinson | Feb 13, 2026 | P-T, PropertyPedia
In real estate law, survivorship is the acquisition of an interest in property by outliving another person who held an interest in that property. The surviving party succeeds to the deceased person’s share. Survivorship most commonly arises in forms of co ownership...
by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate and land surveying, a survey is the process of measuring and mapping the boundaries of a parcel of land. It identifies the location, dimensions, and area of the property. A survey may also include information about topography, improvements, easements,...
by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate and contract law, a surety is a person or entity that guarantees the performance or obligations of another party. The surety agrees to be responsible if the primary party fails to perform as required. Sureties are commonly involved in construction and...
by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate appraisal, the principle of supply and demand states that market value is determined by the interaction of available properties and the demand for them. The balance between these forces influences price levels in the marketplace. As of the appraisal...
by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate appraisal, the principle of substitution states that the maximum value of a property is limited by the cost of acquiring an equally desirable substitute property. A buyer will not pay more for a property than the cost of obtaining a comparable...
by Ethan Atkinson | Feb 10, 2026 | P-T, PropertyPedia
In real estate and legal practice, subrogation is the substitution of one person or entity for another with respect to a legal right or obligation. The party stepping into the position of another acquires the same rights and remedies that the original party possessed....
