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A partition is a term used in the law of real property to describe an act, by a court order or otherwise, to divide up a concurrent estate into separate portions representing the proportionate interests of the owners of property. [1]
Under the common law such restraints are void as against the public policy of allowing landowners to freely dispose of their property. Perhaps the ultimate restraint on alienation was the fee tail , a form of ownership which required that property be passed down in the same family from generation to generation, which has also been widely abolished.
The Confederate Memorial State Historic Site is a state-owned property occupying approximately 135 acres (55 ha) near Higginsville, Missouri. From 1891 to 1950, the site was used as an old soldiers' home for veterans of the Confederate States Army after the American Civil War.
The National Association of Realtors (NAR) recently reached a landmark $418 million settlement that experts say could rattle the real estate industry for the better — but some vulnerable ...
The merger also refers to the doctrine whereby "a fee simple estate, once fragmented into present and future interests, can thereafter be reconstituted. 'Merger is the absorption of a lesser estate by a greater estate, and takes place when two distinct estates of greater and lesser rank meet in the same person or class of persons at the same time without any intermediate estate.' "[1 ...
Commercial real estate firm Cushman and Wakefield has its eye on a particular type of hire: veterans. “We do not employ veterans as charity. We hire our veterans because they are the best in ...
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The bundle of rights is a metaphor to explain the complexities of property ownership. [1] Law school professors of introductory property law courses frequently use this conceptualization to describe "full" property ownership as a partition of various entitlements of different stakeholders.