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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
Situs (law) - Wikipedia In law, the situs (Latin for 'position'; pronounced ˈsaɪtəs in English) of property is where the property is treated as being located for legal purposes
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
Definition Of Situs In Real Estate 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
Situs Address Meaning in Real Estate and Tax Law A situs address identifies where a property physically sits and plays a central role in property taxes, legal jurisdiction, and real estate transactions
US Estate Tax – What is “Situs”? Location of Assets Makes a . . . 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