Chain of title

| 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 [...]

Percentage lease

| February 22, 2009

A lease arrangement used by many larger shopping centers is the percentage lease. This arrangement ties the rental payments to the success of the tenant’s business, and is often used with properties in which the property itself (and its location) promises to bring customers to the tenant. A portion of the tenant’s rental payment is [...]