A life estate is established with a deed that states that the occupant of the property is allowed to use it for the duration of their life. The deed will also name the individual who will receive the property after the life tenant's death. A homebuyer can arrange a life tenancy with an...
Known as a deed of trust, this document serves the same purpose as a mortgage document but with some critical differences to know before signing. What Is A Deed Of Trust? A deed of trust is a method of securing a real estate transaction that includes three parties: a lender, a borrower...
In commercial real estate, which is often more valuable per square foot than residential real estate, these factors are also pertinent, although less so. Commercial rental real estate is more heavily regulated than residential real estate, with specific regulations existing between countries, states, ...
A deed is used to transfer the ownership of a piece of real estate from the seller (grantor) to the buyer (grantee). While there are several types of deeds, the limited warranty deed is the most favorable to the seller. The seller guarantees, or warrants, that the deed title is free ...
1) Generally, any written agreement between two parties. 2) A real estate deed in which two parties agree to continuing obligations; for example, one party
A beneficiary deed is commonly associated with real estate and property because it is a document used to determine who will receive real estate property when the original owner dies. Those who receive the property as the result of the beneficiary deed are referred to as beneficiaries. This docume...
With a traditional life estate deed, the owner of property (the grantor) reserves the right to live on the property until their death, at which time the property goes to the beneficiary (the grantee) designated in the deed. A major drawback to a traditional life estate is that the grantor...
There is the intervention of the government to ensure that this is a legal transaction. To facilitate this process, there is a requirement of the lawyer, and in certain cases the real estate agent. They enable the two parties to systematically draw the deed. Their help is often required as...
A real estate contract is a legal contract for the purchase or exchange of land and property between parties. Most real estate...
Common law states: Unless one spouse co-signs for the other, all debt is individually owned under common law. One notable exception is debt incurred to cover family necessities, such as repairing a family home. Estate planning When dealing with community property, estate planning is an especially...