Terms Used In Indiana Code > Title 32 > Article 24 > Chapter 4.5 - Procedures for Transferring Ownership or Control of Real Property Between Private Persons

• Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
• condemnor: means a person authorized to exercise the power of eminent domain. See Indiana Code 32-24-4.5-2
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
• Highway: includes county bridges and state and county roads, unless otherwise expressly provided. See Indiana Code 1-1-4-5
• in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
• Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
• 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}
• Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
• parcel of real property: means real property that:

  Indiana Code 32-24-4.5-3

• private person: means a person other than a public agency. See Indiana Code 32-24-4.5-4
• Property: includes personal and real property. See Indiana Code 1-1-4-5
• public agency: means :

  Indiana Code 32-24-4.5-5

• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
• relocation costs: means relocation expenses payable in accordance with the federal Uniform Relocation Assistance Act (Indiana Code 32-24-4.5-6
• residential property: means real property that consists of:

  Indiana Code 32-24-4.5-6.2

• Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
• Statute: A law passed by a legislature.
• Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.