landlord. 1. At common law, the feudal lord who retained the fee of the land. — Sometimes shortened to lord. 2. One who leases real property to another. — Also termed (in sense 2) lessor. [Cases: Landlord and Tenant 1. C.J.S. Landlord and Tenant §§ 1, 2(1, 2), 6(1), 7, 202(5).] absentee landlord. A landlord […]
cooperative, n. 1. An organization or enterprise (as a store) owned by those who use its services. 2. A dwelling (as an apartment building) owned by its residents, to whom the apartments are leased. — Often shortened to coop; co-op. Cf. CONDOMINIUM(2). [Cases: Landlord and Tenant 350. C.J.S. Landlord and Tenant § 792.21.]
charterparty. A contract by which a ship, or a principal part of it, is leased by the owner, esp. to a merchant for the conveyance of goods on a predetermined voyage to one or more places or for a specified period of time; a special contract between the shipowner and charterer, esp. for the carriage
sui heredes (s[y]oo-I h[schwa]-ree-deez). [Latin] Roman law. One’s own heirs. — Also spelled sui haeredes. — Often shortened to sui. See SUUS HERES . “If a man died without a will, his property went to his sui heredes (own heirs, direct heirs), that is, to the persons who were previously under his potestas, but were
reporter of decisions. The person responsible for publishing a court’s opinions. • The position began historically — in the years before systematic reporting of decisions was introduced — when lawyers attended the sessions of particular courts, were accredited to them by the judges, and reported the decisions of that court. Today, the reporter of decisions
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farmout agreement. Oil & gas. An agreement by which one who owns an oil-and-gas lease (the farmoutor or farmor) agrees to assign to another (the farmoutee or farmee) an interest in the lease in return for drilling and testing operations on the lease. • For the farmor, the agreement either (1) maintains the lease by
key money. 1. Payment (as rent or security) required from a new tenant in exchange for a key to the leased property. [Cases: Landlord and Tenant 184(2). C.J.S. Landlord and Tenant §§ 473(2–5).] 2. Payment made (usu. secretly) by a prospective tenant to a landlord or current tenant to increase the chance of obtaining a