Real Estate Glossary

A charge or burden to support government, levied upon persons or property by legislative authority.

A state of ownership.

A tenancy arising when the tenant wrongfully holds over after the expiration of his term. The landlord has the choice of evicting the tenant or accepting him for a similar term and under the conditions of the previous holding.

Possession and occupancy of land terminable at the will of either party.

A tenancy held by husband and wife giving each the equal right to possession and enjoyment during their joint lives, along with the right to sole ownership upon the death of either partner.

Leasing of a property for a fixed period of time.

ownership by two or more persons who hold undivided interest, without right of survivorship. Upon the death of one tenant, his interest goes to his heirs. Interest need not be equal, and each owner is possessed of the whole of an undivided part.

To offer; to present.

All rights in land which pass with conveyance of the land.

The written declaration of one's last will.