by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, Devise refers to the transfer of real property through a valid will upon the death of the property owner. When a person dies testate (with a will), the real estate specified in the will is devised to the named beneficiary, known as the devisee,...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, a Determinable Fee (often called a fee simple determinable) is a type of defeasible estate in which ownership automatically ends if a specified condition or event occurs. The estate is typically created using conditional language such as “so long as,”...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, Depreciation refers to the loss in value of a property over time due to factors such as physical wear and tear, aging, functional obsolescence (outdated design or features), or economic obsolescence caused by external influences like neighborhood...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, Depreciable Life is a tax term that refers to the period of time over which a property or asset is allowed to be depreciated for income tax purposes. It represents the number of years the IRS assigns to an asset to recover its cost through annual...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, Delivery refers to the legal act by which a deed is transferred from the grantor to the grantee with the intent to convey ownership of the property. Delivery does not require physical possession of the property itself; rather, it focuses on the...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, a Deficiency Judgment is a court-ordered judgment against a borrower when the proceeds from the sale of a foreclosed property are not sufficient to fully satisfy the outstanding loan balance. After the property is sold (typically at a foreclosure sale)...
