Interest rates, especially the rates on interbank exchanges and Treasury bills, have as profound an effect on the value of the income-producing real estate as on any investment vehicle. Because theRead More…
3 Different Types of Commercial Real Estate Leases There are three basic types of commercial real estate leases. These leases are organized around two rent calculation methods: “net” and “gross.” The grossRead More…
Novating a contract Sometimes businesses enter into agreements, which they later need to give up, be it because of internal restructuring or following an asset purchase. In these types of cases, terminationRead More…
Typical Steps in an FSBO Home Sale Transaction To successfully complete the sale and legal transfer of one’s home, the following steps are generally taken: 1) The property must be valued byRead More…
What effect does the death of an owner of real estate have on the title to real estate? When a person who owns real estate passes away, depending on the manner onRead More…
An Owner’s Title Insurance Policy is your best protection against potential defects that can remain hidden despite the most thorough search of public records. A Lender’s Title Insurance Policy also exists toRead More…
Most people don’t start out with the intention of buying a house that’s for sale by its owner, but these properties pop up regularly in the real estate market. Back in theRead More…
What Is Subrogation? Subrogation is a term describing a legal right held by most insurance carriers to legally pursue a third party that caused an insurance loss to the insured. This isRead More…
When a person dies without leaving a will, an affidavit of heirship may be needed to establish facts about the deceased person’s heirs and the transfer of property. While laws regarding anRead More…
Banks, financial institutions, and other lenders often make loans to trusts or loans that are guaranteed, collateralized, or otherwise supported by trusts. Lenders should perform due diligence for a trust, just asRead More…