admin | February 22, 2009
True ownership is primarily supported by a good chain of title. The chain of title provides a list of all conveyances and other documents recorded against the property. The chain of title should indicate that all of the conveyances between buyers and sellers are legitimate and unbroken. For example, Fred sold to Gene, Gene sold [...]
Category: Title |
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Tags: buyer, credit, property, real estate, seller, Title
admin | February 22, 2009
Also called a land lease, the ground lease is one in which a tenant simply rents land, often without improvements of buildings. This is typically a net lease, with the tenant responsible for taxes, insurance and maintenance.
With ground leases, the tenant will then develop the property and build on the land. Because the tenant will [...]
Category: Lease |
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Tags: cash, credit, insurance, loan, maintenance, Tax