21 Feb Types of Real Property Ownership

Posted at 00:33h in Real Estate

There are several ways to take ownership of real property, each with its own implications for ownership rights, transferability, and estate planning: 1. Sole Ownership: when one person or entity holds title to the property. The person or legal entity has full control over the property and can transfer ownership through with a legal instrument. 2. Joint Tenancy with Right of Survivorship:...

29 Jan Tax Benefits of Real Estate Investing

Posted at 19:15h in Real Estate

Real estate investing can offer several tax advantages to investors. Depreciation One of the most significant tax benefits to real estate investing is depreciation. The Internal Revenue (IRS) allows real estate investors to deduct a portion of the property’s value as depreciation expenses over its useful life. The IRS considers residential rental properties to have a useful life of 27.5 years, while...

25 Jan Understanding Easements

Posted at 00:42h in Real Estate

An easement allows a party to use real property that belongs to another party. When purchasing a residential or commercial property, it is important to understand what easements affect the property. Types of Easements An easement has a servient estate on which the easement is located on and a dominant estate which is given a right to use the easement. Easements should...

15 Jan Negotiations and Legal Review of Commercial Real Estate Leases

Posted at 19:18h in Real Estate

Commercial real estate lease transactions are complex undertakings that require a comprehensive understanding of the legal and financial implications. Successfully negotiating a commercial lease involves understanding of the commercial real estate market conditions, the roles of brokers, lawyers and other professionals such as certified public accountants, and the terms of the lease. It is during the negotiating phase that the...

18 Aug Real Estate Lawyer

Posted at 19:04h in Real Estate

The Value of a Real Estate LawyerBuying real estate can be a great long-term investment option. Buyers and sellers may assume that a real estate lawyer is only needed when there is a dispute between property owners or buyers and sellers. However, hiring a real estate attorney early in the process of buying or selling real estate can help identify...