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Severance (land)
A severance can in law mean the act of severing a piece of land from a larger tract of land. The severed parcel of land becomes a separate lot (parcel). Second, it can refer to, in jurisdictions that have the form of co-ownership, the ending of a joint tenancy by act or event other than death. Third, it can be defined in a definitions clause or table in ways including the removal of a party from an agreement, or a permitted ending of the agreement (e.g. break clause) — in an employment contract/negotiations especially common as to severance pay and other terms of severance — or part of the agreement in which case it may be either capable of forming the heart of a new agreement, that is being superseded or instead varied to be non-binding (avoided) as to future conduct (see voidable contract) and the parties should ensure which meaning is meant in this third range of senses. Transfer of part In many jurisdictions, land use laws require that severances of land occur in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lot (real Estate)
In real estate, a lot or plot is a tract or parcel of land owned or meant to be owned by some owner(s). A plot is essentially considered a parcel of real property in some countries or immovable property (meaning practically the same thing) in other countries. Possible owner(s) of a plot can be one or more person(s) or another legal entity, such as a company/corporation, organization, government, or trust. A common form of ownership of a plot is called fee simple in some countries. A small area of land that is empty except for a paved surface or similar improvement, typically all used for the same purpose or in the same state is also often called a plot. Examples are a paved car park or a cultivated garden plot. This article covers plots (more commonly called lots in some countries) as defined parcels of land meant to be owned as units by an owner(s). Like most other types of property, lots or plots owned by private parties are subject to a periodic property tax payable by the o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Concurrent Estate
In property law, a concurrent estate or co-tenancy is any of various ways in which property is owned by more than one person at a time. If more than one person owns the same property, they are commonly referred to as co-owners. Legal terminology for co-owners of real estate is either co-tenants or joint tenants, with the latter phrase signifying a right of survivorship. Most common law jurisdictions recognize tenancies in common and joint tenancies. Many jurisdictions also recognize tenancies by the entirety, which is effectively a joint tenancy between married persons. Many jurisdictions refer to a joint tenancy as a joint tenancy with right of survivorship, but they are the same, as every joint tenancy includes a right of survivorship. In contrast, a tenancy in common does not include a right of survivorship. The type of co-ownership does not affect the right of co-owners to sell their fractional interest in the property to others during their lifetimes, but it does affect ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint Tenancy
In property law, a concurrent estate or co-tenancy is any of various ways in which property is owned by more than one person at a time. If more than one person owns the same property, they are commonly referred to as co-owners. Legal terminology for co-owners of real estate is either co-tenants or joint tenants, with the latter phrase signifying a right of survivorship. Most common law jurisdictions recognize tenancies in common and joint tenancies. Many jurisdictions also recognize tenancies by the entirety, which is effectively a joint tenancy between married persons. Many jurisdictions refer to a joint tenancy as a joint tenancy with right of survivorship, but they are the same, as every joint tenancy includes a right of survivorship. In contrast, a tenancy in common does not include a right of survivorship. The type of co-ownership does not affect the right of co-owners to sell their fractional interest in the property to others during their lifetimes, but it does affec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Definition
A definition is a statement of the meaning of a term (a word, phrase, or other set of symbols). Definitions can be classified into two large categories: intensional definitions (which try to give the sense of a term), and extensional definitions (which try to list the objects that a term describes).Lyons, John. "Semantics, vol. I." Cambridge: Cambridge (1977). p.158 and on. Another important category of definitions is the class of ostensive definitions, which convey the meaning of a term by pointing out examples. A term may have many different senses and multiple meanings, and thus require multiple definitions. In mathematics, a definition is used to give a precise meaning to a new term, by describing a condition which unambiguously qualifies what a mathematical term is and is not. Definitions and axioms form the basis on which all of modern mathematics is to be constructed. Basic terminology In modern usage, a definition is something, typically expressed in words, that attac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Break Clause
A break clause is a term in a contract that allows early termination of the contract before the default end date. In accordance with English property law, such clauses are typical in tenancy agreements, so as to allow a tenancy to come to an end before the end date stated in the agreement. A break clause may be invoked by either the landlord or the tenant. See also * Citizens Advice Bureau * Consumer Rights Act 2015 (Parts 2 and 3) * Unfair Contract Terms Act 1977 The Unfair Contract Terms Act 1977c 50 is an Act of Parliament of the United Kingdom which regulates contracts by restricting the operation and legality of some contract terms. It extends to nearly all forms of contract and one of its most impo ... References English property law Contract clauses {{UK-law-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Severance Pay
Severance may refer to: Arts and entertainment * ''Severance'' (film), a 2006 British horror film * ''Severance'' (novel), a 2018 novel by Ling Ma *''Severance'', a 2006 short-story collection by Robert Olen Butler * ''Severance'' (TV series), a 2022 Apple TV+ sci-fi series * ''Severance'' (album), by Daysend, 2003 *''Severances'', a 1989 album by Masami Akita, recording as SCUM * "Severance", a 1988 song by Dead Can Dance from '' The Serpent's Egg'' *'' Severance: Blade of Darkness'', a 2001 fantasy action video game Finance and law * Severance (land), the division of land that does not require a plan of subdivision *Severance, the ending of a joint tenancy other than by death *Severance package, pay and benefits when an employee leaves a firm *Severance tax, a tax on non-renewable natural resources Structures *Severance Hall, a concert hall in Cleveland, Ohio, US *Severance Hospital, in Seoul, Korea Places in the United States *Severance, Colorado * Severance, Idaho, now Car ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Voidable Contract
A voidable contract, unlike a void contract, is a valid contract which may be either affirmed or rejected at the option of one of the parties. At most, one party to the contract is bound. The unbound party may repudiate (reject) the contract, at which time the contract becomes void. Typical grounds for a contract being voidable include coercion, undue influence, mental incompetence, intoxication, misrepresentation or fraud. A contract made by a minor is often voidable, but a minor can only avoid a contract during his or her minority status and for a reasonable time after he reaches the age of majority. After a reasonable period of time, the contract is deemed to be ratified and cannot be avoided.US Legal, Inc.Contract by a minor accessed 23 February 2016 Other examples would be real estate contracts, lawyer contracts, etc. When a contract is entered into without the free consent of the party, it is considered a voidable contract. The definition of the act states that a voidable c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jurisdictions
Jurisdiction (from Latin 'law' + 'declaration') is the legal term for the legal authority granted to a legal entity to enact justice. In federations like the United States, areas of jurisdiction apply to local, state, and federal levels. Jurisdiction draws its substance from international law, conflict of laws, constitutional law, and the powers of the executive and legislative branches of government to allocate resources to best serve the needs of society. International dimension Generally, international laws and treaties provide agreements which nations agree to be bound to. Such agreements are not always established or maintained. The exercise of extraterritorial jurisdiction by three principles outlined in the UN charter. These are equality of states, territorial sovereignty and non-intervention. This raises the question of when can many states prescribe or enforce jurisdiction. The ''Lotus'' case establishes two key rules to the prescription and enforcement of jurisdi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Land Use
Land use involves the management and modification of natural environment or wilderness into built environment such as settlements and semi-natural habitats such as arable fields, pastures, and managed woods. Land use by humans has a long history, first emerging more than 10,000 years ago. It has been defined as "the purposes and activities through which people interact with land and terrestrial ecosystems" and as "the total of arrangements, activities, and inputs that people undertake in a certain land type." Land use is one of the most important drivers of global environmental change. History Human tribes since prehistory have segregated land into territories to control the use of land. Today, the total arable land is 10.7% of the land surface, with 1.3% being permanent cropland. Regulation Land use practices vary considerably across the world. The United Nations' Food and Agriculture Organization Water Development Division explains that "Land use concerns the produ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subdivision (land)
Subdivisions are the act of dividing land into pieces that are easier to sell or otherwise develop, usually via a plat. The former single piece as a whole is then known as a subdivision. Subdivisions may be simple, involving only a single seller and buyer, or complex, involving large tracts of land divided into many smaller parcels. If it is used for housing it is typically known as a ''housing subdivision'' or ''housing development,'' although some developers tend to call these areas communities. Subdivisions may also be for the purpose of commercial or industrial development, and the results vary from retail shopping malls with independently owned ''out parcels'' to industrial parks. United States History In the United States, the creation of a subdivision was often the first step toward the creation of a new incorporated township or city. Contemporary notions of subdivisions rely on the Lot and Block survey system, which became widely used in the 19th century as a means ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amalgamation (land)
Amalgamation in English and Welsh land law is a simple process carried out in registered land. It combines neighbouring parcels (holdings) of land which are freehold. In leasehold land interests (which can be at any storey) respective surrenders and a new combined lease followed by its registration instead is the process used: combination of leases — this can also be called the surrender and regrant involving more than one surrender. Statute and regulations A small fee is payable to HM Land Registry rule 3 of the Land Registration Rules 2003 for amalgamation or subdivision. Effects A single title with a larger plot shown in its associated title plan results. It avoids: *Duplication of data. *The risk of a part of the land being forgotten in a mortgage or sale. *Inappropriate boundary features (fences/railings) being inadvertently kept/installed on the ground between two parcels in common ownership. It enables: *New geometric subdivision of the land (sometimes called seve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Registered Land In English Law
Registered land in English law accounts for around 88 per cent of the total land mass. Since 1925, English land law has required that proprietary interests in land be registered, except in cases where it is necessary to protect social or family interests that cannot reasonably be expected to be registered. English law also runs a parallel system for around 12 per cent of land that remains unregistered. History Because land can serve multiple uses, for many people, and because its fixed nature means that its owner may not always be visible, a system of registration came to be seen as essential at the start of the 20th century. From the Land Registry Act 1862 which created a body where people could voluntarily register, a succession of government reports and piecemeal reform finally culminated in a unified, compulsory registration system with the Land Registration Act 1925. Its proponents argued that a registration system would increase land's marketability, and make its transfer a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
