Emblements

AAA

DEFINITION of 'Emblements'

Annual crops cultivated by a tenant which are treated as the tenant's property rather than the landowner's. If a tenant loses possession of the land, he or she is still entitled to finish raising the crops and to harvest them. If the land passes to someone else because of the tenant's death, the crops pass to the tenant's heirs. If the crops are annual but did not require labor by the tenant or if the crops are not annual, they are not considered emblements.

INVESTOPEDIA EXPLAINS 'Emblements'

Emblements genrally state that if the crops are annual but did not require labor by the tenant or if the crops are not annual, they are not considered emblements. A late nineteenth century book written by a British lawyer says that, for example, a fruit tree would not be considered an emblement unless it was cultivated by a gardener or nurseryman.

RELATED TERMS
  1. Foreclosure - FCL

    A situation in which a homeowner is unable to make principal ...
  2. Common Law

    In the United States, a body of unwritten laws based on precedents ...
  3. Landlord

    A real estate owner who rents or leases land or a building to ...
  4. Land

    Property or real estate, not including buildings or equipment, ...
  5. Lease

    A legal document outlining the terms under which one party agrees ...
  6. Deed Of Surrender

    A legal document that transfers property ownership for a specified ...
Related Articles
  1. Tips For The Prospective Landlord
    Home & Auto

    Tips For The Prospective Landlord

  2. Rental Properties: Cash Cow Or Money ...
    Home & Auto

    Rental Properties: Cash Cow Or Money ...

  3. Becoming A Landlord: More Trouble Than ...
    Home & Auto

    Becoming A Landlord: More Trouble Than ...

  4. Holding Titles On Real Property
    Retirement

    Holding Titles On Real Property

comments powered by Disqus
Hot Definitions
  1. Last In, First Out - LIFO

    An asset-management and valuation method that assumes that assets produced or acquired last are the ones that are used, sold ...
  2. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  3. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  4. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  5. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  6. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
Trading Center