Chattel Mortgage is an antiquated term for a mortgage on movable personal goods such as a machinery or vehicle (as opposed to real estate) where the lender holds an interest in the property as security/collateral for the loan. Today these...
property & real estate law
chattel paper
Chattel paper refers to a document used in secured transactions to sell property on credit while retaining some interest in the property. Chattel paper must show:
A monetary obligation from Party A to Party B, and A security...CID
CIDs are common interest developments, a type of property development with multiple owners and a governing association. Each owner in CIDs has their own property with rights to the common area. CIDs often are used for both business and...
civil case
A civil case is a private, non-criminal lawsuit, usually involving private property rights, including respecting rights stated under the Constitution or under federal or state law. For example, lawsuits involving breach of contract, probate,...
civil forfeiture
Civil forfeiture allows the government (typically the police) to seize — and then keep or sell — any property that is allegedly involved in a crime or illegal activity. Owners need not ever be arrested or convicted of a crime for their cash,...
cleaning fee
A cleaning fee is a nonrefundable fee charged by a landlord when a tenant moves in. The landlord uses this fee to clean the rental premises after the tenant moves out, regardless of whether the tenant left the place dirty or not. While most...
clear title
Clear title is a title free of claims or disputes about the ownership. Claims, doubts, or disputes about ownership often arise from liens or encumbrances.
Typically, title searches are conducted to see whether the property...
closing
Closing refers to the culmination of a deal, contract, or transaction. The term is often used at the end of real estate transactions when the parties exchange deeds for payment and final signatures. Normally, the process is facilitated by a...
closing costs
Closing costs refer to a variety of fees and expenses incurred by parties in the finalization of a deal that are not part of the negotiated price. These costs usually arise in real estate transactions like buying a home. In a house sale, the...
cloud on title
A cloud on title is a claim or encumbrance that affects the ownership of a property and can potentially discourage future parties from purchasing it. These claims or encumbrances can arise from easements or mortgages on the land, or they can...