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2. Extraordinary assumptions and hypothetical conditions

   en.wikipedia.org/wiki/Extraordinary_assumptions...

   The distinction between the two lies in the potential veracity of the assumption. A hypothetical condition assumes a condition which is known to be contrary to fact whereas an extraordinary assumption assumes a condition or a fact which is merely unknown or uncertain. The results of an analysis involving any hypothetical conditions are known to ...

3. Recording (real estate) - Wikipedia

   en.wikipedia.org/wiki/Recording_(real_estate)

   Each U.S. state has a recording act, a statute which dictates the legal procedure by which an individual claiming an interest in real property (real estate) formally establishes their claim to that property. The recordation of property rights becomes particularly significant where an unscrupulous dealer in land purports to sell the same tract ...

4. Highest and best use - Wikipedia

   en.wikipedia.org/wiki/Highest_and_best_use

   The highest and best use of the site is to demolish the house and sell the site as a commercial lot. The market value would be $225,000 ($250,000 site value minus $25,000 demolition cost). However, if the demolition costs rose to $55,000, the highest and best use would be the existing residential use, because the value as a commercial lot (now ...

5. Bundle of rights - Wikipedia

   en.wikipedia.org/wiki/Bundle_of_rights

   The bundle of rights is a metaphor to explain the complexities of property ownership. [1] Law school professors of introductory property law courses frequently use this conceptualization to describe "full" property ownership as a partition of various entitlements of different stakeholders.

6. Fixture (property law) - Wikipedia

   en.wikipedia.org/wiki/Fixture_(property_law)

   A fixture, [1] as a legal concept, means any physical property that is permanently attached (fixed) to real property (usually land). Property not affixed to real property is considered chattel property. Fixtures are treated as a part of real property, particularly in the case of a security interest. A classic example of a fixture is a building ...

7. Allodial title - Wikipedia

   en.wikipedia.org/wiki/Allodial_title

   Allodial title constitutes ownership of real property (land, buildings, and fixtures) that is independent of any superior landlord. Allodial title is related to the concept of land held in allodium, or land ownership by occupancy and defence of the land. Most property ownership in common law jurisdictions is fee simple.

8. Section 117 of the Constitution of Australia - Wikipedia

   en.wikipedia.org/wiki/Section_117_of_the...

   e. Section 117 of the Constitution of Australia provides protection against discrimination on the basis of state of residence. Historically, section 117 had been read down by the High Court so as to be devoid of any real meaning. [1] For example, in 1904 it was found that discrimination in favour of people who are "residents of and domiciled in ...

9. Stigmatized property - Wikipedia

   en.wikipedia.org/wiki/Stigmatized_property

   In real estate, stigmatized property is property that buyers or tenants may shun for reasons that are unrelated to its physical condition or features. [1] These can include death of an occupant, [1][2] murder, [1][2] suicide, [2] previous illicit activities, and even the belief that a house is haunted. [3]