What is an example of an alienation clause?
An alienation clause, also known as a due-on-sale clause, is a real estate agreement that requires a borrower to pay the remainder of their mortgage loan off immediately during the sale or transfer of a property title and before a new buyer can take ownership.
What is the meaning of alienation in land law?
The chief characteristic of [N]ative law is its flexibility – one incident of land tenure after another disappears as the times change – but. the most important incident of tenure which has crept in and become firmly. established as a rule of [N]ative law is alienation of land.”
What does it mean to alienate an interest?
The voluntary and complete transfer from one person to another, involving the complete and absolute exclusion, out of him who alienates, of any remaining interest or particle of interest, in the thing transmitted; the complete transfer of the property and possession of lands, tenements, or other things to another.
Where is the alienation clause found?
The term alienation clause refers to a provision commonly found in many financial or insurance contracts, especially in mortgage deals and property insurance contracts. The clause generally only allows the transfer or the sale of a particular asset to be done once the main party fulfills its financial obligation.
What is the meaning of release clause?
A release clause is a provision in a mortgage contract that frees a creditor from a portion of a collateral claim on real property. The clause usually allows for this provision only after a proportional amount of the mortgage has been paid off.
What are Marx’s four types of alienation?
The four dimensions of alienation identified by Marx are alienation from: (1) the product of labor, (2) the process of labor, (3) others, and (4) self. Class experiences usually fit easily into these categories.
What is the power of alienation?
Alienation refers to the process of a property owner voluntarily giving or selling the title of their property to another party. When property is considered alienable, that means the property is able to be sold or transferred to another party without restriction.
Who can alienate property?
Grounds of alienation
- The power of alienation cannot be exercised by anyone but the Karta of the joint family; and.
- The joint family can be alienated solely for the following three purposes:
What does it mean to be alienated from someone?
transitive verb. 1 : to cause to be estranged : to make unfriendly, hostile, or indifferent especially where attachment formerly existed He alienated most of his colleagues with his bad temper.
How does it feel to be alienated?
Alienation occurs when a person withdraws or becomes isolated from their environment or from other people. People who show symptoms of alienation will often reject loved ones or society. They may also show feelings of distance and estrangement, including from their own emotions.
How do you use alienate?
Alienate in a Sentence
- Teachers will alienate their students if they talk down to them.
- By highlighting his pro-abortion views during his speech, the politician managed to alienate his Christian supporters.
- The restaurant owner hesitates to change his menu because he does not want to alienate his regular customers.