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Accession in property law is a mode of acquiring property that involves the addition of value to the property through labour or the addition of new materials. For example, a person who owns a property on a river delta also takes ownership of any additional land that builds up along the riverbank due to natural deposits or man-made deposits.
American Craftsman house with detached secondary suite. A secondary suite (also known as a accessory dwelling unit (ADU), in-law apartment, granny flat, granny annex or garden suite [1]) is a self-contained apartments, cottages, or small residential units, that is located on a property that has a separate main, single-family home, duplex, or other residential unit.
Property not affixed to real property is considered chattel property. Fixtures are treated as a part of real property, particularly in the case of a security interest . A classic example of a fixture is a building, which, in the absence of language to the contrary in a contract of sale , is considered part of the land itself and not a separate ...
In Morris Township, a $1.25 million sale for a home shattered all expectations. This NJ home sold for $255K over asking price — here’s why every house in the area will likely face the same fortune
In law, an inheritor is a person who is entitled to receive a share of the heritor's (the person who died) property, subject to the rules of inheritance in the jurisdiction of which the heritor was a citizen or where the heritor died or owned property at the time of death.
Adverse possession in common law, and the related civil law concept of usucaption (also acquisitive prescription or prescriptive acquisition), are legal mechanisms under which a person who does not have legal title to a piece of property, usually real property, may acquire legal ownership based on continuous possession or occupation without the permission of its legal owner.
In law, conveyancing is the transfer of legal title of real property from one person to another, or the granting of an encumbrance such as a mortgage or a lien. [1] A typical conveyancing transaction has two major phases: the exchange of contracts (when equitable interests are created) and completion (also called settlement, when legal title passes and equitable rights merge with the legal title).
In 1929, Kistler remarried a beautiful widow named Leanna Antonides. They transformed the exterior style from a gothic stone castle to a classic English Tudor, included a sprawling front patio, and added to the western wing. Beautiful interior additions included a breathtaking clock and personalized fireplace facade in the living room.