As a landlord or tenant in commercial real estate, you can choose from various lease arrangements. One kind of lease is called a percentage lease. This page explains the percentage leases, including their operation, and other important information that commercial landlords should know. A Percentage Lease, Then, Is What? In Continue Reading
Real Estate
Escalation Clauses in Texas: Meaning and Examples
Technically, Texas allows escalation clauses if they are designed by an attorney; however, TREC discourages using them. Nevertheless, in Texas, we nearly always advise against utilizing an escalation clause.An escalation clause might facilitate the offer-making process regarding real estate. An escalation clause is a buyer-seller agreement allowing the buyer to Continue Reading
How Much Can I Sue My Landlord for Emotional Distress: Reasons
Over 35 percent of US households prefer to rent their residences, according to Census Bureau data. In addition, renting has become much more expensive. Consequently, a lot of tenants have to deal with landlords who might not always treat them fairly. You may also be interested in learning the answer Continue Reading
Easement by Prescription
An Easement by prescription is a type of possession with disadvantages, unlike Easement by necessity. The name you choose for your search is one of the final stumbling blocks you’ll face while buying a house. Although it may appear to be a minor formality, flaws identified by a title search Continue Reading
Homeowners Rights: Against building inspectors
Property rights are the backbone of homeownership, yet this bundle of advantages and protections differs by state and community. Homeowners’ rights play a significant role in many ways, even against building inspectors. However, there are limitations. Continue reading to discover more about fundamental property rights and how to enforce them. Continue Reading
What is a prescriptive easement?
What is a prescriptive easement? A prescriptive easement gives someone else the right to utilize land without the owner’s consent. On rural property, prescriptive easements frequently develop when a neighbor uses a portion of a property, without the awareness of the landowners. For instance, frequently prescriptive easements develops as a Continue Reading
Can agents in a power of attorney transfer money to themselves?
A power of attorney is an important legal document that anyone in estate planning will use at some point. It allows a real estate owner to delegate his powers, entrust them to the capable hands of a trusted agent or advisor, and free his hand. You can execute a POA Continue Reading
Air Rights
The rights of landowners extend from the land itself to the use of adjacent water bodies. Importantly, he enjoys the right to use and sell the aerial spaces above the property. Landowners in major cities like New York, Chicago, and Tokyo stand to benefit more from air rights. This is Continue Reading
Littoral rights
Owners of hotels, homes, or resorts near a shoreline are expected to know the extent of their littoral rights or riparian rights, as the case may be. As we shall see, property rights extend beyond land. They can also include rights to adjacent features, such as a body of water, Continue Reading
Who can override a Power of Attorney?
POA and Estate Planning Knowing the kind of power of attorney to give is important, knowing who can override a power of attorney is next important. A power of attorney is an important legal document that anyone in estate planning will use at some point. It allows a real estate Continue Reading