What is Possessory Interest?
- CourthouseDirect.com Team
- 11/13/2013
- Real Estate
Possessory interest is the right and intent of someone to occupy or control a plot of land but does not include ownership of the land. An example is a long term lease where someone has the legal right to occupy a home or building and ...
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What is the Termination Option?
- CourthouseDirect.com Team
- 11/06/2013
- Real Estate
If you're currently looking to buy or sell a piece of real property, you probably have a lot on your mind. Real estate transfers are complicated affairs with multiple interested parties and way too many moving parts. Under these ...
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What Is a Future Interest?
- CourthouseDirect.com Team
- 11/01/2013
- Real Estate
A future interest, in property terms, is the reversion to you of ownership in property you deeded to someone else for a limited length of time. Your right to possession of the land is a future right as opposed to a present right.
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What to Do When Your Tenant Breaks a Lease
- CourthouseDirect.com Team
- 10/30/2013
- Real Estate
As a landlord, you no doubt dread the prospect of a broken lease. Tenants who break leases put their former landlords on the hook for thousands of dollars in expected income and often leave behind damaged properties that can costs ...
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Real Estate Investment Trusts 101: What are the Different Kinds of Trusts?
- CourthouseDirect.com Team
- 10/28/2013
- Real Estate
Also known as REITs, real estate investment trusts are investment vehicles that permit regular investors to benefit from income and capital gains associated with various types of real estate. Although the world of real estate investment ...
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What is a Community Property State?
- CourthouseDirect.com Team
- 10/23/2013
- Real Estate
Property law is regulated by the state and is the basis for income taxation by the Federal government. Most states follow what is known as common law. In common law, property is solely owned by the person whose name is on the title unless ...
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How is Proof of Ownership Established?
- CourthouseDirect.com Team
- 10/09/2013
- Real Estate
There are several reasons why proof of ownership of a particular piece of property must be established. Perhaps someone else is claiming ownership. Or maybe the owner died and an heir must claim it. It is even possible it becomes part of a ...
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What Tax Credits Can Real Estate Agents Claim?
- CourthouseDirect.com Team
- 09/27/2013
- Real Estate
Because real estate agents do business as a sole proprietorship, the tax situation can become somewhat complicated. You are not employees in the 40-hour per week sense of the word, you are not in a partnership, nor are you incorporated.
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6 Ways to Improve Your Real Estate Value
- CourthouseDirect.com Team
- 09/25/2013
- Real Estate
Even if you own a diversified stock portfolio and a classic car collection, it's impossible to deny the value of your real estate holdings. Your primary residence may well be your most valuable individual asset, and any income-producing ...
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What Happens to Shared Mineral Rights After a Divorce?
- CourthouseDirect.com Team
- 09/23/2013
- Real Estate
In energy-rich areas of the United States, divorcees frequently wrangle with the issue of shared mineral rights. While the legalities that surround these rights aren't fundamentally different than those that concern any other type of ...
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