lease of personalty

lease of personalty
See bailment.

Ballentine's law dictionary. . 1998.

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  • quasi-personalty — Property that is considered to be personal property, even though it is actually (a fixture) or legally (a lease) attached to real property. Category: Real Estate & Rental Property Category: Wills, Trusts & Estates → Wills Nolo’s Plain English Law …   Law dictionary

  • lessor — One who has leased property to another. The party to a lease known as the landlord, at least where possession of the premises has been delivered under the lease. 32 Am J1st L & T § 2. The bailor under a lease of personalty. See lease; lessee …   Ballentine's law dictionary

  • lessee — The party to a lease known as the tenant. The bailee under a lease of personalty. There is authority to the effect that the presence or absence of possession of the premises is a distinguishing factor between the relationship of landlord and… …   Ballentine's law dictionary

  • Property — (Roget s Thesaurus) < N PARAG:Property >N GRP: N 1 Sgm: N 1 property property possession suum cuique meum et tuum GRP: N 2 Sgm: N 2 ownership ownership proprietorship lordship Sgm: N 2 seignority seignority …   English dictionary for students

  • Leasehold — Lease hold , n. A tenure by lease; specifically, land held as personalty under a lease for years. [1913 Webster] …   The Collaborative International Dictionary of English

  • Real property — In the common law, real property (or realty) refers to one of the two main classes of property, the other class being personal property ( personalty ). Real property generally encompasses land, land improvements resulting from human effort… …   Wikipedia

  • Illinois — • One of the United States of America, bounded on the north by Wisconsin, on the west by the Mississippi, which separates it from Iowa and Missouri, on the south by the confluent waters of the Mississippi and the Ohio, which separate it from… …   Catholic encyclopedia

  • estate — The degree, quantity, nature, and extent of interest which a person has in real and personal property. An estate in lands, tenements, and hereditaments signifies such interest as the tenant has therein. 2 Bl.Comm. 103. The condition or… …   Black's law dictionary

  • estate — The degree, quantity, nature, and extent of interest which a person has in real and personal property. An estate in lands, tenements, and hereditaments signifies such interest as the tenant has therein. 2 Bl.Comm. 103. The condition or… …   Black's law dictionary

  • bailment — A delivery of goods or personal property, by one person (bailor) to another (bailee), in trust for the execution of a special object upon or in relation to such goods, beneficial either to the bailor or bailee or both, and upon a contract,… …   Black's law dictionary

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