Tax Liens

If an owner of a house defaulted on payment of real estate taxes a lien may be placed on the property to secure payment of taxes. A tax lien may be placed for non payment of federal, as well as state taxes.

If there is a federal tax lien o ...

tenancy

the occupancy of real estate (either for private of commercial use) as a renter, with or without a written lease. There are several types of tenancy.

See also: joint tenancy, tenancy in common, tenancy by the entirety, tenancy at sufferan ...

tenancy at sufferance

when a tenant holds over at the end of his lease and a landlord has not evicted a tenant yet, a tenancy at sufferance is created.

It may be terminated by a written notice from the landlord. For example, tenancy at sufferance may be termina ...

tenancy at will

... if no time has been determined as to the length of the rental agreement, it is considered to be a tenancy at will. That means that either landlord or tenant may terminate the tenancy by 30 days notice. Neither landlord nor tenant has to wait t ...

tenancy by the entirety

is a special type of joint ownership of real property that is available to husband and wife only. Joint tenants with right of survivorship have equal rights in the property, and if one spouse dies the other spouse receives the title to the whole p ...

tenancy in common

a type of tenancy where more than one person own interest in a piece of real property. The interest of each owner does not have to be equal. The deed that created tenancy in common may or may not state the shares of each tenant in common. It the d ...

tenant

a person that is allowed to live in a house or an apartment of another according to the terms of a lease agreement with the landlord.