A quick definition of right of retention: This is also called a lien. In some cases, you may have the right to keep all of someone's property as security for a debt they owe you.
Basically, when you buy a piece of land, you own everything under it all the way to the core of the earth. If the seller retains minerals rights, they would own any minerals extracted from that piece of land, even though you own everything else. Usually, mining and drilling company do things in percentages.
The remainderman has an ownership interest in the property while the life tenant is alive, ensuring that the life tenant does not damage the property, diminish its value, encumber it, or attempt to sell it. The life tenant can only sell the property with the remainderman's consent and participation.
Property rights (economics)
What is Rights Retention? Rights retention means that authors (or their institutions) retain copyright in their work when entering into a publication agreement with a publisher, in order to ensure that the work can immediately be made open access.
A right of retention is a obligee's right to retain the obligor's movable things, and obtain satisfaction of his credit in preference to other obligees out of the sale or auction price of the property or its monetary value.
A retained right of residence allows an EU citizen and their family members to remain in the UK after Brexit. A European Union (EU) national with a retained right of residence will have the same access to public services as a British citizen does and will be able to apply for settled status.
Real Property
Right of enjoyment to use the property. Right of exclusion to control who can access the property. Right of possession to live on the property. Right of disposition to transfer ownership.
The remainderman, also known as the “remainder beneficiary,” is the person who receives ownership of real property after the death of the life tenant.
Usually, a life estate overrides a will. That is, if a life estate says one person will get full ownership of a property after the owner's death, and the will dictates something else, the life estate generally prevails.
Under the right of survivorship, each tenant possesses an undivided interest in the whole estate . When one tenant dies, the tenant's interest disappears and the others tenants' shares increase proportionally and obtain the rights to the entire estate.
A retention of title (ROT) clause allows the seller of goods to retain ownership of them until they're fully paid for or other stipulated conditions are met.
In the United States, landowners possess both surface and mineral rights unless they choose to sell the mineral rights to someone else. Once mineral rights have been sold, the original owner retains only the rights to the land surface, while the second party may exploit the underground resources in any way they choose.
If you're primarily interested in residential use or agricultural purposes, owning mineral rights may not be as critical. However, if you're purchasing the property for potential resource extraction or investment purposes, owning the mineral rights becomes more relevant.
The term “bundle of rights” describes the set of legal rights associated with ownership of real property. The “bundle” is made up of five different rights: the right of possession, the right of control, the right of exclusion, the right of enjoyment and the right of disposition.
What Is Copyright? Copyright is the legal ownership of intellectual property such as original works of fiction and non-fiction and conveys the right to control its reproduction and distribution. In other words, copyright is the right to copy. Only the creator of the work can authorize anyone to reproduce the work.
synonyms: personal estate, personal property, personalty.
This article aims to demystify the concept by outlining the three fundamental requirements of property rights: exclusivity, transferability, and enforceability.
Riparian rights are given to those who own property that borders flowing water, such as a river or stream. This land is referred to as riparian land. Owners of this property have strict rights to the water they touch. Landowners are allowed to reasonably use the water they border but cannot inhibit the water flow.
Property owners typically have the right of possession, control, exclusion, enjoyment and disposition. Protecting your rights as a homeowner allows you to enjoy and control your property.
A quick definition of right of retention:
Right of Retention: The right to keep something until you get paid for it or until someone reimburses you for expenses you incurred while taking care of it. For example, if you fix someone's bike, you have the right to keep the bike until they pay you for your services.
Retained: This option is for properties that borrowers will continue to own after the subject loan has closed, if the subject loan is a refinance or if the property is listed but not yet under contract for sale.
Retained Rights means any and all rights, including intellectual property rights such as those rights arising from copyrights, patents, and trade secret laws, that are owned or are held under contract or license by a software developer, author, inventor, publisher, licensor, sublicensor, or distributor.