An old-fashioned term for a female executor--the person named in a will to handle the distribution of the deceased person's property. Now, whether male or femal... (more...)

An old-fashioned term for a female executor--the person named in a will to handle the distribution of the deceased person's property. Now, whether male or female, this person is called either the executor or the personal representative.

FIERI FACIAS

Latin for 'that you cause to be done.' This is a court document that instructs a sheriff to seize and sell a defendant's property in order to satisfy a monetary... (more...)

Latin for 'that you cause to be done.' This is a court document that instructs a sheriff to seize and sell a defendant's property in order to satisfy a monetary judgment against the defendant.

INHERITORS

Persons or organizations who receive property from someone who dies.

ESCHEAT

The forfeit of all property to the state when a person dies without heirs.

FUTURE INTEREST

A right to property that cannot be enforced in the present, but only at some time in the future. For example, John's will leaves his house to his sister Marian,... (more...)

A right to property that cannot be enforced in the present, but only at some time in the future. For example, John's will leaves his house to his sister Marian, but only after the death of his wife, Hillary. Marian has a future interest in the house.

PRIVATE MORTGAGE INSURANCE (PMI)

Insurance that reimburses a mortgage lender if the buyer defaults on the loan and the foreclosure sale price is less than the amount owed the lender (the mortga... (more...)

Insurance that reimburses a mortgage lender if the buyer defaults on the loan and the foreclosure sale price is less than the amount owed the lender (the mortgage plus the costs of the sale). A home buyer who makes less than a 20% down payment may have to purchase PMI.

CO-TENANTS

Two or more tenants who rent the same property under the same lease or rental agreement. Each co-tenant is 100% responsible for carrying out the rental agreemen... (more...)

Two or more tenants who rent the same property under the same lease or rental agreement. Each co-tenant is 100% responsible for carrying out the rental agreement, which includes paying the entire rent if the other tenant skips town and paying for damage caused by the other tenant.

SEVERABILITY CLAUSE

A provision in a contract that preserves the rest of the contract if a portion of it is invalidated by a court. Without a severability clause, a decision by the... (more...)

A provision in a contract that preserves the rest of the contract if a portion of it is invalidated by a court. Without a severability clause, a decision by the court finding one part of the contract unenforceable would invalidate the entire document.

RIGHT OF SURVIVORSHIP

The right of a surviving joint tenant to take ownership of a deceased joint tenant's share of the property. See joint tenancy.

SAMPLE LEGAL CASES

Essex Ins. Co. v. Zota

985 So.2d 1036 (2008). ESSEX INSURANCE COMPANY, Appellant, v. Mercedes ZOTA, et al., Appellees. No. SC06-2031. Supreme Court of Florida. June 26, 2008. 1038 Douglas M. McIntosh and Robert C. Weill of McIntosh ...

Walton County v. Stop Beach Renourishment

... [because] Florida's law is clear that riparian rights cannot be severed from riparian uplands absent an agreement with the riparian owner, not even by the power of eminent domain. Id. (citing Belvedere Dev. Corp. v. Dep't of Transp., 476 So.2d 649 (Fla.1985) as controlling). ...

System Components Corp. v. FLORIDA DOT

... See Â§ 74.011, Fla. Stat. (2004) ("In any eminent domain action, properly instituted by and in the name of ... ... Relevant Eminent-Domain Doctrine and an Overview of Statutory Business Damages. Eminent Domain and "Full Compensation". ...

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LEGAL TERMS

EXECUTRIX

FIERI FACIAS

INHERITORS

ESCHEAT

FUTURE INTEREST

PRIVATE MORTGAGE INSURANCE (PMI)

CO-TENANTS

SEVERABILITY CLAUSE

RIGHT OF SURVIVORSHIP

SAMPLE LEGAL CASES

Essex Ins. Co. v. Zota

Walton County v. Stop Beach Renourishment

System Components Corp. v. FLORIDA DOT

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