by Ethan Atkinson | Feb 5, 2026 | K-O, PropertyPedia, Real Estate
In real estate law, Land refers to the physical material of the earth, regardless of its composition, including soil, rock, or other substances. It also includes the airspace above the surface and the subsurface below, extending upward and downward for an indefinite...
by Ethan Atkinson | Feb 5, 2026 | K-O, PropertyPedia, Real Estate
In real estate, a Landlord is the owner of real property that is leased to another party. The landlord grants the right of possession and use of the property to a tenant in exchange for rent. The landlord is also known as the lessor under a lease agreement and is...
by Ethan Atkinson | Feb 5, 2026 | K-O, PropertyPedia, Real Estate
In real estate, a Land Sale Contract is an installment agreement in which the buyer agrees to purchase property by making periodic payments to the seller over time. The seller, also known as the vendor, retains legal title to the property until the purchase price is...
by Ethan Atkinson | Feb 5, 2026 | K-O, PropertyPedia, Real Estate
In real estate and legal contexts, Laches is a doctrine that bars a person from asserting a legal right due to an unreasonable delay in doing so. The delay must be such that it results in prejudice or disadvantage to another party. Laches is based on the principle...
by Ethan Atkinson | Feb 5, 2026 | F-J, PropertyPedia, Real Estate
In real estate finance, a Junior Mortgage is a mortgage that has a lower priority than a first mortgage on the same property. Because priority is usually determined by the order of recording, a junior mortgage is recorded after the first mortgage. In the event of...
by Ethan Atkinson | Feb 5, 2026 | F-J, PropertyPedia, Real Estate
In real estate law, a Judgment Lien is an involuntary lien placed against the property of a debtor as a result of a court judgment. When a creditor obtains a money judgment, the lien may attach to the debtor’s real property to secure payment of the debt. A judgment...
