| Preparing to Sell Your Home |
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| So you have decided to sell your home! With so much to do, it is often difficult to determine where to start. In the way of a few helpful suggestions to make the process more manageable, you might consider the following: More... |
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| Home Inspections |
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| Often when a homebuyer enters into an agreement of sale for the purchase of a home, the agreement contains a provision which entitles to homebuyer to a home inspection. The homebuyer's right to a home inspection is determined by the terms of the parties' agreement of sale. Certainly, purchasing a home is a significant financial transaction. A home inspection can be crucial to the homebuyer's understanding of the condition of the home, as well as the necessity of any repairs. More... |
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| Types of Tenancies |
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| Usually, when one thinks of the relationship between a landlord and a tenant, what comes to mind is a lease agreement between the parties where the tenant agrees to stay in the leased premises for a specified period of years and pay an agreed upon rent for the privilege of doing so. In actuality, the scenario described above is just one type of tenancy, a tenancy for years. The types of landlord/tenant relationships are as follows: More... |
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| Tangible and Intangible Property |
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| Property is an external thing that can be owned or possessed. Property can be divided into two categories: tangible and intangible. The word tangible refers to something that has a definable physical form that can be felt or touched. The word intangible refers to something that cannot be perceived by the senses. More... |
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| Land Trusts |
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| A land trust is a device by which land is conveyed to a trustee for the benefit of another. A settlor is the owner of the property that is placed into the trust. A land trust is created when settlor expresses his or her intent to create a trust through a written instrument. The instrument must name the trustee and identify the trustee's powers, the beneficiaries, and any remaindermen. The settlor may be the trustee and, in most cases, the beneficiary of the land trust. More... |
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