A subordination clause in real estate allows a later-recorded mortgage to take priority over an earlier lien. Learn how subordination works, when it applies, and what to expect on the real estate license exam.
The habendum clause in a deed defines the extent of ownership being granted to the grantee. Learn how it works, why it matters for property transfers, and what to expect on the real estate license exam.
An acceleration clause allows a lender to demand full loan repayment immediately when a borrower defaults. Learn how it works, what triggers it, and what to expect on the real estate license exam.
An alienation clause (due-on-sale) requires full loan repayment when property ownership is transferred. Learn how it differs from the acceleration clause and what to expect on the real estate license exam.
An estate at will in real estate is a tenancy with no fixed term that either party can terminate at any time. Learn how it works, notice requirements, and what to expect on the real estate license exam.
A life estate in real estate grants ownership rights for the duration of a person's lifetime, then transfers to a remainderman. Learn how life estates work, their impact on property rights, and what to expect on the real estate license exam.