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Torrens Title System by Sir Richard Torrens | Australia & beyond 8 Jun 2012 | 05:30 pm
Torrens Title System A system for the registration of land titles originally introduced into South Australia in 1858–60 by Sir Richard Torrens, an Irish emigrant to Australia, who devised a system f...
Native title | Explained by Real Estate Defined 22 May 2012 | 08:49 pm
Native title Is the right rooted in the traditional laws and customs of an indigenous people to the possession, enjoyment and use of land and waters and as a result a right that is recognized by comm...
Resulting Trust | As defined and explained by Real Estate Defined 14 May 2012 | 11:11 pm
A Resulting Trust arises by operation of law to give effect to the original and implied intention of the parties. In particular, a trust that arises when money is paid for property by one person, but...
Consideration in Contract as explained by Real Estate Defined Blog 9 May 2012 | 11:30 pm
What is Consideration in contract Consideration. A reward or payment. A benefit given by one party or a detriment suffered by the other party to a contract. It is the legal motive, cause or reason fo...
Continuous Operation Clause / Keep Open Clause by Real Estate Defined 8 May 2012 | 09:57 pm
Continuous Operation Clause/Keep Open Clause 1. Continuous Operation Clause. A clause in a lease of retail premises that specifies that the tenant is required to keep the premises open for business d...
Effective cause / Procuring cause | explained in Real Estate Defined 19 Apr 2012 | 12:51 am
Procuring Cause Explained (Also called the effective cause, especially in the UK). The act or process by which an agent or broker finds a party who carries a transaction through to the stage required...
Estoppel | Estoppel as explained by Real Estate Defined 3 Apr 2012 | 09:10 pm
What is the meaning of Estoppel? derived from Norman French estoupail, ‘conclusion’. “‘Estoppe’, commeth of the French word estoupe, from whence the English word stopped: and it is called estoppel or...
Power of Sale | As Explained By Real Estate Defined 17 Mar 2012 | 07:43 am
Power of Sale is: 1. The power of sale is the right of a mortgagee to sell property, secured by a mortgage, upon default of the mortgagor. The power of a person who has a right to the proceeds of sal...
Force Majeure | are Force Majeure and Act of God similar? 17 Mar 2012 | 05:44 am
Force majeure and an act of God are similar Force majeure and an act of God are similar as they both can bring a contract or obligation (including in rare cases a lease) to an end. Force majeure lit...
Tenancy Deposit Scheme | Explained by Real Estate Defined 3 Mar 2012 | 01:23 am
Tenancy Deposit Scheme (Eng) A Tenancy Deposit Scheme is one of the most important requirements for anyone letting a residential property and it comes with stiff penalties for non-compliance; includi...
