New York Laws > Real Property > Article 2 – Tenure of Real Property
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In New York Laws > Real Property > Article 2 - Tenure of Real Property
- Devise: To gift property by will.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.