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The rule against perpetuities serves a number of purposes. First, English courts have long recognized that allowing owners to attach long-lasting contingencies to their property harms the ability of future generations to freely buy and sell the property, since few people would be willing to buy property that had unresolved issues regarding its ownership hanging over it.
Retroactive application of law is prohibited by the Article 3 of the Polish civil code, and the legal rule prohibiting such retroactive application is commonly memorised as a Latin sentence Lex retro non agit ("A law does not apply retroactively"). The said article, however, allows retroactive application of an Act of Parliament if it is ...
A retrospective (from Latin retrospectare, "look back"), generally, is a look back at events that took place, or works that were produced, in the past. As a noun, retrospective has specific meanings in software development, popular culture, and the arts. It is applied as an adjective, synonymous with the term retroactive, to laws, standards ...
Assessed value: The value of real estate property as determined by an assessor, typically from the county. "As-is": A contract or listing clause stating that the seller will not repair or correct ...
Every ex post facto law must necessarily be retrospective; but every retrospective law is not an ex post facto law: The former, only, are prohibited. Every law that takes away, or impairs, rights vested, agreeably to existing laws, is retrospective, and is generally unjust, and may be oppressive; and it is a good general rule, that a law should ...
The distinction between extraordinary assumptions and hypothetical conditions can be a matter of law or professional standards in the field of real estate appraisal in the United States where the distinction is not only codified in USPAP, but enforced by various state real estate appraiser commissions or professional boards. However, the ...
Average real estate commissions by state Overall, the national average Realtor commission in 2023 was 5.49 percent, according to data from Clever . In all but a few states, the average commission ...
ex post facto law: A retroactive law. E.g. a law that makes illegal an act that was not illegal when it was done. ex proprio motu: by [one's] own motion Commonly spoken as "by one's own accord." ex rel [arising] out of the narration [of the relator] Abbreviation of ex relatione. Used when the government brings a case that arises from the ...