Surplus Real Estate Law and Legal Definition
Surplus real estate refers to real property owned by the U.S. not required for the discharge of responsibilities of any Federal agencies determined by the General Services Administration to be excess.
The following is an example of a case law on surplus real estate:
Potential surplus real estate is reviewed by Provincial departments, boards, agencies, crown corporations, schools and health institutions to determine if they have any requirements.
Where the grant is of surplus real estate, as it is often called, that is of real estate not forming part of the railroad or its appendages, a deed effective to vest a fee in a natural person will vest that estate in a railroad company. [Gauger v. State, 249 Kan. 86, 90 (Kan. 1991)].