Day: February 21, 2017

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Wayleave – Within the meaning of the Property Law, this is a legal right in the nature of an easement (for example, a right of passage) granted for a limited deadline by a local real estate owner to others.

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Watered share – this is a share of a local corporate body, which total worth is less than its invested capital. For example, all the shares of an empty company, established with a raising capital only of 100 Dollars could…

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Wasted expenditure loss – this legal term has got application in the Law of Contracts in some jurisdictions. There it refers to the loss that occurred during partly performance of the contract, until it is terminated. Then this party can…

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Waste – The abuse, destruction or permanent change to a concrete real estate by one who is merely in possesion of it as in the case of a tenant or a life tenant.

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Warranty Title Deed – this is a term detailing the pure transfer of ownership of real estate, without any legal burdens or liens. It holds the rights for further conveyance of the property and lack of any actions to harm…

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Warranty of habitability – this is a term used in rental contracts for premises, where used to detail that the real estate owner will grant habitable conditions in the leased real estate towards the tenant, as well will not disturb…

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Warranty of assignment – within the meaning of the Contracts Law, this is an assignment (i.e. a transfer of rights) that takes place if the assignor has transferred the rights in the present, current moment towards a third party.

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Warranty Law – this is part of the Building legislation in many jurisdictions, which specifies the warranty terms for the various construction works applicable for newly built real estates. Warranty periods apply usually once Permission for usage (or a Certificate…