devise real estate definition
What is DEVISE? A testamentary disposition of land or realty; a gift of real property by the last will and testament of the donor. Scholle v. Scholle, 113 N. Y. 201, 21 N. E. 84;Ferebee v. Procter, 19 N. C. 410; Pratt v. McGhee, 17 S. C. 428; Iu re Fetrowâs Estate, 58 Pa. 427; Jenkins v. Tobin, 31 Ark. 300; In re Daileyâs Estate, 43 Misc.
Real property is also referred to as real estate, realty, or land. Personal property is property that is not real property. Personal property is also sometimes called chattel or personalty. An interest in real property where there is no ownership interest is referred to as a chattel real. A mortgage lender's security interest and a lease interest are examples of chattel real.