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Underlease
UnderleaseContracts. An alienation by a tenant of a part of his lease, reserving to himself a reversion; it differs from an assignment, which is a transfer of all the tenant's interest in the lease. And even a conveyance of the whole estate by the lessee, reserving to himself the rent, with a power of re-entry for non-payment, was held to be, not an assignment, but an underlease. RELATED TERMS-------------------------------------- Tenant Estates. One who holds or possesses lands or tenements by any kind of title, either in fee, for life, for years, or at will Lease A special kind of contract between a property owner and a person wanting temporary enjoyment and use of the property, in exchange for rent paid to the property owner. Where the property is land, a building, or parts of either, the property owner is called a landlord and the person that contracts to receive the temporary enjoyment and use is called a tenant. Reversion Estates. The residue of an estate left in the grantor, to commence in possession after the determination of some particular estate granted out by him; it is also defined to be the return of land to the grantor, and Iiis heirs, after the grant is over. Assignment The release by an afdc recipient of all rights to support arrearages owed the recipient and of the right to receive current child support as the result of the receipt of afdc. Transfer Contracts The act by which the owner of a thing delivers it to another person, with the intent of passing the rights which he has in it to the latter. Interest 1) Estates. The right which a man has in a chattel real, and more particularly in a future term. It is a word of less efficacy and extent than estates, though, in legal understanding, an interest extends to estates, rights and titles which a man has in or out of lands, so that by a grant of his whole interest in land, a reversion as well as the fee simple shall pass. 2) Contracts. The right of property which a man has in a thing, commonly called insurable interest. 3) Evidence. The benefit which a person has in the matter about to be decided and which is in issue between the parties. Conveyance A written document which transfers property from one person to another. In real-estate law, the conveyance usually refers to the actual document which transfers ownership, between persons living (i.e. other than by will), or which charges the land with another's interest, such as a mortgage. Estate A right or interest in property or the property of a deceased person. Rent Estates, contracts. A certain profit in money, provisions, chattels, or labor, issuing out of lands and tenements in retribution for the use. Power This is either inherent or derivative. The former is the right, ability, or faculty of doing something, without receiving that right, ability, or faculty from another. The people have the power to establish a form of govemment, or to change one already established. A father has the legal power to chastise his son; a master, his apprentice. Re-entry Estates. The resuming or retaking possession of land which the-party lately had. Underlease Contracts. An alienation by a tenant of a part of his lease, reserving to himself a reversion; it differs from an assignment, which is a transfer of all the tenant's interest in the lease. And even a conveyance of the whole estate by the lessee, reserving to himself the rent, with a power of re-entry for non-payment, was held to be, not an assignment, but an underlease. SIMILAR TERMS-------------------------------------- Unde nihil habet Of which she has nothing. When no dower had been assigned to the widow during the time prescribed by law, she could, at common law, sue out a writ of dower unde nihil habet. Under-ring To record less than the actual sales price. Usually refers to a cashier ringing a sale on a cash register. Under-rings may be a method used in Skimming cash by the cashier, or they may be used to give unauthorized discounts to an Accomplice. Under-sheriff A deputy of a sheriff. The principal is called high-sheriff, and the deputy the under-sheriff. Under-tenant One who holds by virtue of an underlease. Under-tutor Law of Louisiana. In every tutorship, there shall be an undertutor, whom it shall be the duty of the judge to appoint at the time letters of tutorship are certified for the tutor. Undercover Secret or Covert Operations where a person works under an assumed identity, adopts a disguise, or takes on an assumed role in order to gather evidence. Undertaking Contracts. An engagement by one of the parties to a contract to the other, and not the mutual engagement of the parties to each other; a promise. Undertook Assumed; promised. Underwriter Insurances. One who signs a policy of insurance, by which he becomes an insurer. Underwriting agreement An underwriting agreement in one under which, before a company issues shares to the public, a person undertakes in consideration of a commission to take up the whole or a portion of such of the offered shares as may not be subscribed for by the public. PREVIOUS AND NEXT TERMS-------------------------------------- Unconstitutional That which is contrary to the constitution. Uncontested divorce A divorce proceed in which there are no disputes. Uncore prit Pleading. This barbarous phrase of old French, which is the same with encore pret, yet ready, is used in a plea in bar to an action of debt on a bond due at a day past; when the defendant pleads a tender on the day it became due, and adds that he is uncore prit, still ready to pay the same. Unde nihil habet Of which she has nothing. When no dower had been assigned to the widow during the time prescribed by law, she could, at common law, sue out a writ of dower unde nihil habet. Undercover Secret or Covert Operations where a person works under an assumed identity, adopts a disguise, or takes on an assumed role in order to gather evidence. Underlease Under-ring To record less than the actual sales price. Usually refers to a cashier ringing a sale on a cash register. Under-rings may be a method used in Skimming cash by the cashier, or they may be used to give unauthorized discounts to an Accomplice. Under-sheriff A deputy of a sheriff. The principal is called high-sheriff, and the deputy the under-sheriff. Undertaking Contracts. An engagement by one of the parties to a contract to the other, and not the mutual engagement of the parties to each other; a promise. Under-tenant One who holds by virtue of an underlease. Undertook Assumed; promised. We thank you for using the Juridical Dictionary to search for Underlease. If you have a better definition for Underlease than the one presented here, please let us know by making use of the suggest a term option. This definition of Underlease may be disputed by other professionals. Our attempt is to provide easy definitions on Underlease and any other medical topic for the public at large.
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