Real Estate

Front 1

Tenancy

Back 1

as the word relates freehold how land is held. As it relates to non freehold it describes how long an interest is held. The period of time that a tenant is permitted to remain in possession of anothers property. Also relative to freehold estate how one enjoys their relationship to real propery alone (in severalty) or concurrently with others ( jointly or in common

Front 2

Tenancy at will

Back 2

one that can be terminated by either party at any time. Also referred to as an estate at will

Front 3

Tenancy by sufferance

Back 3

tenancy that exists when a tenant holds over wrongfully after the termination of a lease

Front 4

Tenancy by entirety

Back 4

Tenancy by entirety an estate held by husband and wife which cannot be terminated without the consent of both parties

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Tenancy for yrs

Back 5

Tenancy for yrs one which that gives the tenant the right to occupy property for affixed period of time also known as a freehold and an estate for years or an estate for term

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Tenancy from year to year

Back 6

one that continues for a year and is then automatically renewed each ensuring yr unless notice of termination is given

Front 7

Tenancy in common

Back 7

ownership by two or more persons by separate and distinct titles upon death interest passes to heirs or beneficiaries and not to the other tenant in common

Front 8

Tenancy in partnership

Back 8

a type of concurrent ownership in which the partners as co owners hold specific partnership assets both real and personal

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Tenancy in severalty

Back 9

Ownership by one only

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Group boycott

Back 10

two or more companies get together
& decide not to cooperate

Front 11

Fraud

Back 11

misrepresentation to mislead

Front 12

Statute of fraud

Back 12

A agreement 4 the sale of real estate
Must be in writing

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Novation

Back 13

a substition of a new contract for the existing one. when a new party is substituded for one of the orignal parties or a new contract is terms are agreed.

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rescession

Back 14

cancellation of A contract

Front 15

Mitigated
Mortgagee
Mortgagor

Back 15

when someone doesn’t pay 4 repairs
lender
borrower