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habendum clause:
the part of a deed beginning with the words “to have and to hold,” following the
granting clause and defining the extent of ownership the grantor is conveying.
Habitability Statue: a law that imposes a duty on the land lord to make leased premises
habitable and ready for occupancy and to maintain them in a state of repair
throughout the term of the lease.
heterogeneity:
See nonhomogeneity.
highest and best use: the possible use of land that would produce the greatest return and
thereby develop the highest land value. The optimum use of a site, as used in
appraisal.
holdover tenancy: a tenancy whereby a lessee retains possession of leased property after
his or her lease has expired and the landlord, by continuing to accept rent,
agrees to the tenant’s continued occupancy.
holographic will: a will that is written, dated, and signed in the testator’s
handwriting but is not witnessed.
Home Mortgage Disclosure
Act: a federal law the prevents
redlining or denial of funds to certain areas; requires that public notices be
posted by housing lenders.
homestead:
land that is owned and occupied as the family home. In Texas, a portion of the
area or value of this land is protected or exempt fro forced sale by creditors
for judgments for debts with several exceptions.
HUD -1:
See Uniform Settlement Statement
hypothecation:
the pledge of specific real or personal property as security for an obligation
without surrendering possession of it.
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