While deeded land is a common way of owning property, it isn't the only way. Some properties are located on leased land. With these homes, you own your building, but the land is owned by another party who gives you the right to use it in exchange for rent payments. A manufactured ho...
Is this right? By anon127759 — On Nov 17, 2010 My soon-to-be ex husband and I purchased a house in Texas. He pastors a church. We deeded the property to the church for tax exemption purposes. four years later, we refinanced the property, and the church deeded the property back...
A person can certainly give himself something. ... The more specific "in Law" definition makes this explicit: to "transfer from oneself to another person." To be sure, the specific legal context in which this most often appears is a deeded conveyance of real property. Are you taking me f...
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...
If a person has an implied easement only, as opposed to an express written easement, this does not vest him with as many rights. An implied easement is only valid against the property owner who implied the permission. If that property owner sells the property, the implied easement right ends...
How a Mortgage Is an Encumbrance A mortgage is one of the most common types of encumbrances. That’s because the borrower has pledged the property itself as collateral for the mortgage, and the lender has the right to foreclose on the property if mortgage payments aren't made. ...
Understanding co-ownership of property Each type of co-ownership corresponds to a different set of rules and allowances. Tenancy in common Atenancy in common(TIC) is for two or more people with an ownership interest. There’s no limit on the number of owners, and tenants may have unequal ...
Once a tenant is legally removed from the property, the landlord should immediately change the locks and follow state laws for removing the tenant’s abandoned property. Pro Tips: Make sure that you are familiar with the language of the lease being used before you attempt to serve the ...
My question is: What do I do to have the property actually deeded into my name? By rodfrank — On Jul 20, 2007 Can a lien holder pay taxes to protect his interest and then abandon his lien to take the property by Adverse Possession. Can the time period that the lien accrued be ...
What Is a Timeshare? A timeshare is a collective model of vacation real estate in which multiple buyers own or lease allotments of usage for the same property. The timeshare model is used for many different properties, with units offered in vacation resorts, condominiums, apartments, and campgro...