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Simple English definitions for legal terms

attendant term

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A quick definition of attendant term:

An attendant term is a really long time period, like 1,000 years, that is specified in a mortgage contract. It's meant to protect the person who borrowed the money and their family's interest in the land. Instead of taking back the land once it's paid for, the title is assigned to a trustee who holds it in trust for the borrower and their family. This way, if there's a problem with the title, the family still has another title to the property. Attendant terms used to be common, but they're not used much anymore.

A more thorough explanation:

An attendant term is a long period, usually 1,000 years, specified as the duration of a mortgage. It is created to protect the mortgagor's heirs' interest in the land by not taking back title to the land once it is paid for. Instead, the title is assigned to a trustee who holds the title in trust for the mortgagor and the mortgagor's heirs. This arrangement gives the heirs another title to the property in case the interest they inherited proves somehow defective.

For example, if a person inherits a property with a defective title, they can use the attendant term to protect their possession or recover it when lost. This protection extends generally as against all estates and incumbrances created intermediately between the raising of the term and the time of the purchase or mortgage.

Attendant terms have been largely abolished, but they were advantageous because they afforded security to purchasers and mortgagees. If a bona fide purchaser or mortgagee should happen to take a defective conveyance or mortgage, by which he acquires a mere equitable title, he may, by taking an assignment of an outstanding term to a trustee for himself, cure the defect, so far as to entitle himself to the legal estate during the term, in preference to any creditor, of whose incumbrance he had not notice, at or before the time of completing his contract for the purchase or mortgage.

attendant circumstance | attentate

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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