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The rule against perpetuities serves a number of purposes. First, English courts have long recognized that allowing owners to attach long-lasting contingencies to their property harms the ability of future generations to freely buy and sell the property, since few people would be willing to buy property that had unresolved issues regarding its ownership hanging over it.
Josh Altman, a celebrity real estate broker and star of Million Dollar Listings Los Angeles, spoke about the rental crisis in an interview with NewsNation's Chris Cuomo. In just the last month ...
As of 2014, the Restatement's failure to address basic doctrines like adverse possession and real estate transfers had never been corrected over 75 years, three Restatements series, and 17 volumes. [2] In the 1970s, the Uniform Law Commission's project to standardize state real property law was a spectacular failure. [3] [4] [5]
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 ...
In metaphysics, impenetrability is the name given to that quality of matter whereby two bodies cannot occupy the same space at the same time. The philosopher John Toland argued that impenetrability and extension were sufficient to define matter, a contention strongly disputed by Gottfried Wilhelm von Leibniz .
Property law is characterised by a great deal of historical continuity and technical terminology. The basic distinction in common law systems is between real property (land) and personal property (chattels). Before the mid-19th century, the principles governing the transfer of real property and personal property on an intestacy were quite ...
The law is sweeping: it refers to the actors as persons, businesses, or other entities. In Reznik’s view, the law is intended to be very broad in its application for any party involved in the ...
If any owner or real estate agent sells land or a residence near one of these sites to foreign nationals covered by the measure, they face fines if convicted from $500 to $15,000.