Over 10 years we help companies reach their financial and branding goals. Maxbizz is a values-driven consulting agency dedicated.

Gallery

Contact

+1-800-456-478-23

411 University St, Seattle

maxbizz@mail.com

SEVERANCE, CONSTRUCTIVE

« Back to Glossary Index

When a landowner enters into a contract to sell an appurtenance or natural attachment, the contract constructively severs the item from the land making it the personal property of the buyer even before the buyer has actually removed it from the land. For example, when a landowner sells a stand of timber, the trees are constructively severed from the land even before the buyer comes to chop them down.

« Back to Glossary Index

Author

Admin