Meaning and Legal Concept A Licence is a legal permission granted by the owner of property (licensor) to another person (licensee) to do something on […]
Tag: legal concepts
14. Lease
Meaning and Legal Concept A Lease is a legal agreement by which the owner of immovable property (lessor) grants the possession of the property to […]
12. Vested Interest
Meaning and Legal Concept Vested Interest refers to an interest in property that is fixed, present, and transferable, even though the enjoyment of the property […]
11. Chattels
Meaning and Legal Concept Chattels refer to movable, tangible personal property that is not attached to land or immovable property. The term originates from common […]
10. Apportionment
Meaning and Legal Concept Apportionment refers to the equitable division or distribution of benefits, liabilities, income, or obligations arising from property among different persons or […]
9. Contribution
Meaning and Legal Concept Contribution is an equitable doctrine under property and mortgage law which ensures fair distribution of liability among persons who share a […]
8. Marshalling
Meaning and Legal Concept Marshalling is an equitable doctrine applied in property and mortgage law to protect the interests of a subsequent mortgagee or creditor. […]
7. Void Conditions
Meaning and Legal Concept Void conditions are those conditions attached to a transfer of property which are legally invalid and unenforceable. Such conditions are considered […]
6. Charge.
Meaning and Legal Concept A Charge is a legal right created over immovable property as security for the payment of money, without transferring ownership or […]
5. Codicil
Meaning and Legal Concept A Codicil is a legal document made by a testator to explain, alter, add to, or revoke certain provisions of an […]