|
T |
|
| Tenancy |
The
holding of land under a lease not exceeding three years |
| Tenancy-in-common |
Concurrent
ownership such that all owners distinct but undivided shares
in the some property. There
is no right of survivorship. |
| Tenant |
A
holder of a lease. |
| Tenantable
repair |
A
state of repair fit for letting to a tenant. |
| Tender |
A
sale of property via competitive price bidding, usually
awarded to the highest bidder.
The tender may be restricted to only a few parties
(private tender) or open to all who are interested in
participating (open or public tender). |
| Tenure |
Holding
of land. |
| Term |
The
terms of a contract arc matters of agreement between the
contracting parties |
| Title |
A
legal measure of a person's interests (rights) in his
property See
“Document of Title", "Registry title, "Land
Office Title", "Register Document of Title".
"Issue Document of title, "Final
Title" and "Qualified title”. |
| Torrens
Title |
A
system under which title to land is conferred by the
official registration |
| Transfer |
The
making over of a right in property to another to another;
the instrument effecting transaction |
|
U |
|
| Usual
covenants |
At
common law, in a lease, the covenants to pay rent and allow
the lessor to enter the premises when rent has not been
paid, to pay rates and taxes, to keep and deliver up the
premises in good repair, and on the part of the lessor, to
allow the lessee quiet enjoyment. |
|
V |
|
| V |
Versus |
| Vacant
possession |
A
right to possession of land in respect of which there is no
current occupant. |
| Valid |
Having
legal force. |
| Valuer |
A
professionally trained person, licensed to appraise or value
properties. |
| Vendor |
A
seller. |
