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SITUS Definition Meaning - Merriam-Webster The meaning of SITUS is the place where something exists or originates; specifically : the place where something (such as a right) is held to be located in law How to use situs in a sentence
What Is Situs in Real Estate? Its Impact on Law and Value 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
US Estate Tax – What is “Situs”? Location of Assets Makes a World of . . . For certain assets, complicated rules apply to determine the location (or “situs”) for US estate tax purposes Tangible personal property (a diamond ring, a fancy sports car) or any real property located in the US is considered to have a US-situs
Situs (law) - Wikipedia In law, the situs (Latin for 'position'; pronounced ˈ s aɪ t ə s in English) of property is where the property is treated as being located for legal purposes
Definition Of Situs In Real Estate - The Official Real Estate Agent . . . “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
What Does Situs Address Mean in Legal and Property Contexts? The situs address refers to the physical location of a property, distinguishing it from mailing addresses or other identifiers It plays a critical role in real estate law and administration, determining the laws, taxes, and regulations governing a specific property
situs | Wex | US Law | LII Legal Information Institute 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
Situs legal definition of Situs - TheFreeDictionary. com Legal Dictionary Situs [Latin, Situation; 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
situs - Meaning in Law and Legal Documents, Examples and FAQs In real estate, situs refers to the specific location of a property It can influence its value, desirability, and the legal rules that apply to buying or selling it Who determines the situs of a property? The situs of a property is typically determined by its physical location