reentry

reentry
re·en·try /ˌrē-'en-trē/ n: a retaking possession of property by a lessor or grantor in exercise of the right to do so upon the failure of the lessee or grantee to fulfill a covenant or condition see also power of termination at power 2b

Merriam-Webster’s Dictionary of Law. . 1996.

reentry
Taking back, or literally reentering, property that belongs to the person entering the property but that, until a specific event has happened, was lawfully occupied by another. A landlord properly reenters property that a tenant has clearly abandoned; and a bank reenters when it has foreclosed upon a mortgage or deed of trust.
Category: Real Estate & Rental Property → Buying a House

Nolo’s Plain-English Law Dictionary. . 2009.


reentry
n. The resumption of possession of a parcel of land by one who had formerly possessed it and who reserved the right to resume same when the new holder released it; the right of a landlord to repossess a leased premises after a tenant has defaulted on the terms of its lease.

Webster's New World Law Dictionary. . 2000.

reentry
n.
   taking back possession and going into real property which one owns, particularly when a tenant has failed to pay rent or has abandoned the property, or possession has been restored to the owner by judgment in an unlawful detainer lawsuit. Reentry may also be allowed when a buyer defaults on payments on a contract of sale or upon foreclosure of a mortgage or deed of trust which secured a loan on the property. The right of reentry is usually written into leases and sometimes in mortgages.
   See also: landlord and tenant

Law dictionary. . 2013.

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