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The meaning of situs is the place where something exists or originates Local governments and legal systems recognize this location for purposes like taxation and zoning. The place where something (such as a right) is held to be located in law
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How to use situs in a sentence. The situs of a property is typically determined by its physical location Investment advisory, transaction and securitization support, servicing, asset.
In law, the situs (latin for 'position'
Pronounced / ˈsaɪtəs / in english) of property is where the property is treated as being located for legal purposes. “what is situs?”, you ask Situs is a word in latin that basically means the site or location where something exists or originates Like most words in latin, situs is usually used for legal purposes
In the real estate industry, you will hardly hear the word. Situs, a latin term for “position” or “site,” refers to the location of property for legal and economic purposes It is distinct from the term “site,” which describes the physical land and its boundaries. Situs means the location of property or an item for legal purposes
Where the situs of something is depends on the type of item and can have important legal consequences
For most physical items the situs is the place where the object is located presently such as a house or a purse. Location.] the place where a particular event occurs For example, the situs of a crime is the place where it was committed The situs of a trust is the location where the trustee performs his or her duties of managing the trust
West's encyclopedia of american law, edition 2 Copyright 2008 the gale group, inc. What is situs in real estate Situs is more than an address on a map
It encapsulates the environment, infrastructure, amenities, and overall surroundings that contribute to the desirability and value of a property
It encompasses the entire ecosystem that defines the appeal of. See examples of situs used in a sentence.
