Thursday, May 2, 2024, 3:16 AM
Site: Burk Baker School of Real Estate & Appraising
Course: DEMO (DE101)
Glossary: Real Estate Glossary
I
IMMOVABLE - Civil Law TermLand and/or buildings situated on the land; other improvements to the land (landscaping, fruit trees, or vegetable garden) belong as part of the immovable. |
IMPLIED AUTHORITYThe authority an agent is assumed to have because of a course of conduct, or which is inferred from the fact that he has been authorized to perform certain acts. |
IMPROVEMENT - Civil Law TermAn addition made to property. Generally refers to buildings, but may include any permanent structure such as streets, sidewalks, utilities, etc. |
IN REMPertaining to property. Used to designate legal proceedings against the property. |
INCAPACITYThe lack of legal qualifications making a person incapable of performing some act. Mental deficients, minors, etc. lack capacity to perform certain acts. |
INCHOATEIncomplete; not perfected. |
INCORPOREALIntangible; without physical existence. |
INDEFEASIBLENot capable of being annulled or voided. |
INGRESSAn entrance to property which does not trespass over the property rights of others. |
INJUNCTIONA writ or order issued under the seal of a court to restrain one or more parties from performing an act which is deemed to be inequitable or unjust in regard to the rights of some other party. |