CFR > Title 50 > Chapter I > Subchapter F > Part 80 > Subpart A – General
Current as of: 2024 | Check for updates
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| § 80.1 | What does this part do? |
| § 80.2 | What terms do I need to know? |
Terms Used In CFR > Title 50 > Chapter I > Subchapter F > Part 80 > Subpart A - General
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Personal property: All property that is not real property.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Statute: A law passed by a legislature.