Filter by Categories
Accounting
Banking

Real Estate




Abeyance


In relation to real estate or mortgage contracts, abeyance is an indefinite legal status of real estate (property) title when the true owner is not known or still needs to be determined. Property is held in abeyance until the lawful owner is identified (i.e., the determination of the owner is pending). The right to the ownership of a property, title or office is suspended. Abeyance is a situation in which the right to own a property or title is not vested in any person or party. The right is suspended or held in abeyance until the true owner is determined.

When the ownership of a property or title are being claimed but the claim cannot be validated, such property will be held in abeyance pending identification of the owner. In general, abeyance is the suspension or cessation of right to ownership.



ABC
Real Estate... Real estate alphabetical: Browse real estate terms, concepts, and definitions, by letter, all alphabetically ordered for your convenience. You may ...
Watch on Youtube
Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

Comments


    Leave Your Comment

    Your email address will not be published.*