Michigan Laws > Chapter 557 > Act 126 of 1925 – Land Held as Tenancy by Entirety
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| § 557.81 | Sale of land held by entirety; survivorship of rights of vendor |
Terms Used In Michigan Laws > Chapter 557 > Act 126 of 1925 - Land Held as Tenancy by Entirety
- Contract: A legal written agreement that becomes binding when signed.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Tenancy by the entirety: A type of joint tenancy between husband and wife that is recognized in some States. Neither party can sever the joint tenancy relationship; when a spouse dies, the survivor acquires full title to the property.