The Real Estate
Encyclopedia: A-E

In real estate law, an Estate in Remainder is a future interest in property that becomes possessory after the termination of a prior or intermediate estate, such as a life estate. The remainder interest is created at the same time as the intermediate estate and is...

In real estate law, an Estate of Inheritance is an ownership interest in property that may be passed on to the owner’s heirs upon death. This type of estate allows the property to descend by operation of law or by will, rather than ending automatically at the owner’s...

In real estate law, an Estate from Period to Period, also known as a periodic tenancy, is a leasehold interest that continues for successive rental periods without a definite termination date. The tenancy automatically renews at the end of each period, such as week to...

In real estate law, an Estate for Years is a leasehold interest that lasts for a specific, definite period of time. The term of the estate is clearly defined by a beginning and ending date, and it does not require notice to terminate because it automatically ends when...

In real estate law, an Estate for Life, also known as a life estate, is an interest in real property that lasts for the lifetime of a specified person. The person holding the life estate, called the life tenant, has the right to possess and use the property during...

In real estate law, an Estate at Will is a tenancy in which a tenant occupies property for an indefinite period with the consent of the owner. The tenancy does not have a fixed term and continues only as long as both the landlord and the tenant desire. An estate at...

In real estate law, an Estate at Sufferance arises when a tenant remains in possession of a property after the expiration of a lawful tenancy without the landlord’s consent. The tenant originally entered the property legally but becomes a wrongful occupant by holding...

In real estate, an Estate refers to the type, extent, or nature of the interest that a person holds in real property. It describes the rights of possession, use, and control associated with ownership, rather than the physical land itself. Estates are commonly...

In real estate transactions, Escrow Instructions are written directions signed by both the buyer and the seller that authorize the escrow agent to carry out the steps required to complete the transfer of real property. These instructions outline the conditions that...

In real estate transactions, Escrow refers to a neutral third party that holds funds, documents, and other instruments necessary to complete a sale. The escrow holder acts according to written instructions provided by the buyer, seller, and lender, ensuring that all...