In real estate law, tenancy by the entirety is a form of joint ownership available only to married spouses. Under this arrangement, each spouse is considered to own the entire property rather than a divisible share. Tenancy by the entirety includes a right of...

In real estate law, a tax sale is the sale of property by a governmental authority due to the owner’s failure to pay property taxes. The sale is conducted to recover the delinquent taxes, interest, and related costs. At a tax sale, the property may be sold to a...

In real estate taxation, a tax roll is the official record maintained by a local taxing authority that lists all taxable property within a jurisdiction. It includes descriptions of each parcel, the name of the owner, the assessed value, and the amount of taxes due....

In real estate taxation, the tax rate is the amount of tax levied in relation to the assessed value of property. Traditionally, it has been expressed as a specified number of dollars per one hundred or one thousand dollars of valuation. In modern usage, it is often...

In real estate law, a tax lien is a lien imposed for the nonpayment of taxes. A property tax lien attaches only to the specific property on which the taxes are delinquent and may ultimately lead to a tax sale if unpaid. A federal income tax lien, by contrast, attaches...

In real estate and tax law, a tax free exchange is the trade or exchange of one real property for another without recognizing income tax on the gain at the time of the transaction. Instead of paying tax immediately, the gain is deferred under the provisions of Section...

In real estate finance, a take out loan is permanent or long term financing that replaces short term construction financing after a project has been completed. It is used to pay off the construction loan and provide stable repayment terms. Take out loans are typically...

In real estate investment, a syndicate is a partnership or organized group formed to participate in a real estate venture. It allows multiple investors to pool capital and share in the ownership and potential returns of a property or project. Syndicates may be...

In real estate, sweat equity refers to a program or arrangement in which a purchaser contributes labor or improvements to a property instead of paying all or part of the down payment or other acquisition costs. The value of the work performed is credited toward the...

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...