/prɪvəti ʌv ɛsteɪt/ – Phrase
Definition: mối liên hệ tài sản, quyền lợi tài sản chung.
A more thorough explanation: Privity of estate refers to the legal relationship that exists between parties who have a direct interest in the same property or estate. It typically involves the relationship between a landlord and tenant, or a grantor and grantee, where both parties have a legal interest in the property that binds them to certain obligations and rights related to the property.
Example: The landlord and tenant have privity of estate, as their relationship is based on the lease agreement.
