property code
[/ˈprɒpərti koʊd/]
nounpl: property codes
código de propriedade
1. A legal code or set of regulations governing the ownership, transfer, and rights associated with real property and personal property
The property code establishes the rules for land ownership and inheritance in the state.
O código de propriedade estabelece as regras para propriedade de terras e herança no estado.
2. A system of laws that regulate real estate transactions, disputes, and property rights
Under the property code, the seller must disclose all known defects before transfer.
Sob o código de propriedade, o vendedor deve divulgar todos os defeitos conhecidos antes da transferência.
3. A numerical or alphanumeric identifier assigned to a specific property for taxation or administrative purposes
Each parcel of land is assigned a unique property code for tax assessment.
Cada lote de terra recebe um código de propriedade único para avaliação fiscal.
In Brazil, property law is primarily governed by the Civil Code (Código Civil Brasileiro) rather than a separate property code. The USA uses both state property codes and the Uniform Commercial Code (UCC). This term is formal and used in legal, real estate, and governmental contexts. Knowledge of property codes is essential for real estate transactions in both countries.
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