Glossary entry

English term or phrase:

interests and estates

English answer:

rights and types of tenure

Added to glossary by Adrian MM.
Dec 31, 2021 10:56
2 yrs ago
34 viewers *
English term

interests and estates

English Law/Patents Law (general) Will
I allow my executor to sell any properties for for such prices, upon such terms, in such way and manner and for such interests and estates as may be deemed wise and to make good deed or deeds therefor, to the purchasers thereof.
Change log

Jan 7, 2022 09:08: Adrian MM. Created KOG entry

Discussion

Taña Dalglish Dec 31, 2021:
@ Masoud You said it is a "Will". However, Wills often involve transferring property, etc. to heirs, etc. Right?
https://housing.com/news/real-estate-basics-conveyance-deed/
‘Conveyance’ refers to the act of transferring the title, ownership, rights and interests in a property,

In property transactions, one would invariably hear the term ‘conveyance deed’. Since this is not something one would have a clear understanding of, unless one has dealt with matters of property, it becomes important to get clarity on this term, something we attempt to explore in this article.

‘Conveyance’ refers to the act of transferring the title, ownership, rights and interests in a property, from one entity to another. The term ‘deed’ refers to an instrument, like a written document that is signed by all the parties to a contract, in this case, the seller and buyer. It is a binding contract that is enforceable in a court of law. A conveyance deed is, therefore, a contract in which, the seller transfers all rights to the legal owner. The purchase of a property is not complete without a valid conveyance deed.

Responses

+1
9 hrs
Selected

rights and types of tenure of land

Interests often translates 'rights' out of many lingos and might include a 'vested interest' namely an acquired right. A 'contingent interest' is also known as an 'expectancy', namely a right in land or other property, such as a bank account etc. and that will pass to a beneficiary on someone's death.

estates could mean leasehold - head lease or subletting - or freehold: 'fee simple' in English land law.

Privity of contract and of estate: exists between the head lessor and head lessee.
No privity of estate exists between a head lessor and a subtenant.
Example sentence:

Unlike privity of contract, privity of estate only lasts for the term of the relationship between that landlord and tenant. When, therefore, the lease is assigned to another, this relationship, and so this remedy for the landlord, is defeated.

Peer comment(s):

agree Tina Vonhof (X) : It's all good but I think it's more information than asker needs to understand a will.
21 hrs
Thanks and dank u wel, Tina. The extra info. is for posterity and other translators' info.
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4 KudoZ points awarded for this answer.
+1
6 hrs

interests and estates

Estates refers to the possession of land. Interests in estates are the ways in which one might have use of something on the land, for example access to a road on that land, called an 'easement', or it could be use of the water in a creek that runs through the land, etc.
Peer comment(s):

agree Taña Dalglish : Happy New Year and stay safe.
2 mins
Happy New Year to you too!
disagree Kiet Bach : "interests and estates", not "interests in estates". // The asker clearly wrote, "interests and estates" twice.
3 hrs
That's how it is in the source text.
agree Andrew Bramhall
5 hrs
Thank you Andrew.
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-1
8 hrs

businesses or properties and landed properties

interests:
a. a right, share, or claim, esp in a business or property
b. the business, property, etc, in which a person has such concern
https://www.thefreedictionary.com/interests

estates: landed properties.
https://www.thefreedictionary.com/estates
Peer comment(s):

disagree AllegroTrans : "Interests" means interests and rights in land, definitely not businesses in THIS context
23 days
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