The usual unit measuring flow rate for irriga-. tion water rights is a cubic foot per second (cfs). This is water flowing through a cross-sectional. area of 1 ft2 at a velocity of 1 foot per second, and. itâs sometimes called a second-foot.
A life estate is a legal arrangement to transfer property automatically upon a personâs death. One person is given an interest in the property for his or her lifetime. This person is called a life tenant (LT). At the death of the life tenant, property will pass automatically to one or more other individuals or organizations. The people or organizations that receive the property at death are called remaindermen.
DEFINITION of 'Holdover Tenant'. A renter who remains in a property after the expiration of the lease. If the landlord continues to accept rent payments, the holdover tenant can continue to legally occupy the property. State laws and court rulings determine how long the holdover tenant's new rental term is if the landlord accepts rent. If the landlord does not accept further rent payments, the tenant is considered to be trespassing if he does not promptly move out, and eviction may be necessary to force the tenant to leave. Next Up.