Is a Remainderman an owner?
Almost all deeds creating a life estate will also name a remainderman—the person or persons who get the property when the life tenant dies. The life tenant is the owner of the property until they die. However, the remainderman also has an ownership interest in the property while the life tenant is alive.
What is imp value in real estate?
Imp Value- Improvement Value. Total value for all structures on the property. NonMA Imp Value- Value associated with property segments that are not Main Area (Garage, porch, site improvement, pool, etc.) Imp Value –(Adj Unit Price*Square Feet) Land Value- Value of lot of acreage.
What is DTO in real estate?
Days to Offer (DTO) is a calculation that shows how many days from the initial listing date to when an offer was accepted, and the house placed in a “Contingency” status.
What does Le mean after a name?
life estate clause
What does COD mean in real estate?
Collection of Debt
Where does et al come from?
Et al. comes from the Latin phrase meaning “and others.” It is usually styled with a period, but you will occasionally see et al as well.
How do you write three authors in a research paper?
MLA uses “et al.” for works with three or more authors, while Chicago calls for using it with four or more authors. APA format requires that you cite all of the authors at the first mention if there are three, four, or five, and use “et al.” afterward.
What is Le slang?
LE means in short “Limited Edition” or “Law Enforcement”. So now it is established that – LE means “Limited Edition” or “Law Enforcement”. LE also mean an acronym, abbreviation or slang word that is explained above wherever the LE definition is given.
What does Le mean in real estate?
life estate deed
How long does upfront underwriting take?
Though the length of the process can vary depending on your particular situation, it can last for as little as two to three days. The process could last longer, though, because it may take multiple days or weeks for a lender to review your financial records and documents.
What does TBD mean in real estate?
What does C O mean on a deed?
in care of
What is the meaning of LE in memes?
The word Le in memes is a French article meaning “the”. Le, pronounced luh in English. ‘Le’ is the definite article for “the” when the subject/object is masculine and singular.
What does ETUX mean?
How do you cite multiple authors in a research paper?
- 2 Authors: Always cite both authors’ names in-text everytime you reference them. Example: Johnson and Smith (2009) found…
- 6 or More Authors: If a document has six or more authors, simply provide the last name of the first author with “et al.” from the first citation to the last. Example: Thomas et al.
What does Lu mean in real estate?
What are the two types of life estates?
The two types of life estates are the conventional and the legal life estate. the grantee, the life tenant. Following the termination of the estate, rights pass to a remainderman or revert to the previous owner.
What does the Latin phrase et al mean answer?
Et al. is defined as an abbreviation for the Latin phrase et alia which means “and others.” An example of et. al. used as an abbreviation is in the sentence, “The article was written by Smith, Jones, Paul, et al.” which means that Smith, Jones, Paul and others wrote the article.