11:20
I am not a llama, and I am an adcommie @ The University of American Samoa Law (go LandCrabies)
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LSDefine
Simple English definitions for legal terms
right in rem
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A quick definition of right in rem:
Right in rem refers to a legal right that a person has over a specific property or thing. It means that the person has the power to control, use, or dispose of the property as they see fit, and others cannot interfere with that right. For example, if someone owns a house, they have a right in rem over that property, which means they can live in it, rent it out, or sell it without anyone else being able to take that right away from them.A more thorough explanation:
Definition: A right in rem is a legal term that refers to a right that a person has over a specific property or thing. It is a right that is enforceable against anyone who interferes with that property or thing, regardless of who the owner is.
Example: If you own a house, you have a right in rem over that property. This means that you have the right to use, enjoy, and dispose of the property as you see fit, and anyone who interferes with that right can be held legally responsible. For example, if your neighbor builds a fence that encroaches on your property, you can take legal action to enforce your right in rem and have the fence removed.
Another example of a right in rem is a mortgage. If you take out a mortgage to buy a house, the lender has a right in rem over the property until the mortgage is paid off. This means that if you default on your mortgage payments, the lender can foreclose on the property and sell it to recover their money.