Constructive Trust. A constructive trust is not an actual trust by the traditional definition. It is a legal fiction that is used as a remedy for unjust enrichment. Hence, there is no trustee, but the constructive trust orders the person who would otherwise be unjustly enriched to transfer the property to the intended party. wex: COMMERCE.
In the past, quitclaim deeds gave complete ownership to the holder after seven years of uncontested use â even if the person who gave you the deed wasnât the real owner. Now, itâs not as simple. More documentation is required as listed in the Official Code of Georgia.
The landlord must return the balance to the tenant. Assuming the tenant gives the landlord a new or forwarding address within 30 days after leaving, the landlord must, within 30 days, return to the tenant all money remaining after lawful deductions, which must be itemized for the tenant.