LATEST STORIES

Mortgage Servicing

In real estate finance, mortgage servicing refers to the management and administration of a mortgage loan after it has been originated. It involves carrying out the ongoing duties of the mortgagee to ensure the loan remains in compliance with its terms. Mortgage...

Marketable Title

In real estate, marketable title refers to ownership of property that is free from significant...

Market Value

In real estate, market value is an estimate of the highest price that a willing buyer would pay...

Testator

In real estate and probate law, a testator is a person who makes a valid last will and testament. The testator sets forth instructions for the distribution of property upon death. The testator’s wishes are carried out through the probate process, subject to applicable...

Testate

In real estate and probate law, testate refers to a person who has died leaving a valid written last will and testament. The will directs how the person’s property, including real estate, is to be distributed. When a person dies testate, the estate is administered...

Tenant in Severalty

In real estate law, a tenant in severalty is a person who owns property alone without any co owners. This form of ownership is also referred to as ownership in severalty. A tenant in severalty holds full title and has exclusive rights to possess, use, and transfer the...

Tenant for Life

In real estate law, a tenant for life is a person who holds an estate in real property for the duration of a specified individual’s life. The measuring life may be the tenant’s own life or the life of another person. When the designated life ends, the estate...

Tenant at Will

In real estate law, a tenant at will is a person who occupies property with the permission of the owner or landlord but without a fixed term or formal lease agreement specifying duration. The tenancy continues only so long as both parties desire. A tenancy at will may...

Tenant at Sufferance

In real estate law, a tenant at sufferance is a person who originally obtained lawful possession of property but remains in possession after the termination of the tenancy. This situation typically arises when a tenant holds over after a lease has expired without the...

Tenant

In real estate law, a tenant is the party who has the legal right to possess and use real property owned by another person. This right arises from a lease or rental agreement. The tenant is obligated to pay rent and comply with the terms of the agreement, while the...

Tenancy in Partnership

In real estate law, tenancy in partnership is a form of ownership in which partners hold an undivided interest in property as assets of a partnership. The property is owned by the partnership entity rather than by the individual partners separately. Under this form of...

Tenancy in Common

In real estate law, tenancy in common is a form of co ownership in which two or more persons hold undivided interests in the same property. Each co tenant has the right to possess and use the entire property, even though their ownership shares may be unequal. Unlike...

Tenancy for Years

In real estate law, tenancy for years is a leasehold estate that exists for a definite and specified period of time. The duration may be for any length, such as months or years, as long as the beginning and ending dates are clearly established. A tenancy for years...

HUD

HOUSING & URBAN DEVELOPMENT

HUD

(Department of Housing and Urban Development)

Stay Up to Date with the Latest Stories, News & Updates from OnlineEd

Why Use OnlineEd?

Thousands of real estate professionals turn to us for their continuing education.

Follow Us

Keep updated on Real Estate related matters on our social media platforms: