An affirmative easement is a legal right that allows someone to use another person's property for a specific, active purpose. This type of easement benefits the party receiving the easement by granting them the ability to utilize the land in a way that they would not be able to otherwise.
Equity of Redemption refers to the right of a property owner to reclaim their property even after defaulting on a mortgage, by paying off the due amounts before the foreclosure is finalized.
An estate encompasses the degree, nature, and extent of interest that a person has in real property as well as all their property, real or personal, that they own and leave at death.
An implied easement, also known as an easement by implication, is a legal right to use someone else's property for a specific purpose without formal documentation. It is typically established through long-term use and necessity.
Incorporeal refers to intangible legal interests that do not have a physical form. These may include rights or privileges that are exercised over or in relation to real estate without possessing the property itself.
Intangible property refers to nonphysical assets that hold value and can be legally transferred or owned. Unlike tangible property such as buildings or land, intangible property includes items that do not have a physical presence but represent financial value or legal rights.
Laches is a legal doctrine used to bar claims in which plaintiffs have unreasonably delayed in asserting their rights, causing detriment to the defendant.
A legal entity is an individual, company, or organization that has legal rights and obligations, including the ability to enter into contracts, sue and be sued, own assets, and borrow money.
Property refers to the legal rights an individual or entity has over certain resources, including real estate and personal belongings. These rights allow the owner to use, enjoy, and dispose of their property as they see fit, subject to certain restrictions enforced by law.
Subrogation in real estate refers to the substitution of one entity for another concerning a claim or right. The substituting entity acquires the legal rights and claims of the original party.
Usufructuary rights refer to the legal right to use and enjoy the benefits of someone else's property without owning it. These rights are often pertinent to natural resources like water or land.
