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habendum clause

noun

Definitions of habendum clause

  • the part of a deed (=a legal document that is an official record of an agreement or official proof of title in real property) or conveyance (=an instrument used to transfer title to property) that states how much interest in the property will be transferred and how that interest will be transferred. Habendum clauses are a common feature of a lease agreement (=the agreement (written or oral) that gives a person or business entity (the tenant) the right to possess or occupy property either for life, for a fixed period of time or for a period that may be ended at the will of one or both parties)

    "The landowners' case was based on their interpretation of the habendum clause in the lease."