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Can a movable things with small value be registered with the registry of deeds as chattel mortgages?
Wiki User
∙ 12y ago
No. Registries of Deeds are land registries whose purpose is to document the ownership of real property.
No. Registries of Deeds are land registries whose purpose is to document the ownership of real property.
No. Registries of Deeds are land registries whose purpose is to document the ownership of real property.
No. Registries of Deeds are land registries whose purpose is to document the ownership of real property.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoNo. Registries of Deeds are land registries whose purpose is to document the ownership of real property.
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What is furniture?
The large often movable objects in a room or office that make the space more comfortable and or functional. It is also the term given to wooden parts of a gun, the devices by which a horse saddle is kept in place, the medieval full armour of horse and knight, The locks, bolts, hinges etc on doors, and benches, lighting poles, shelters, signage etc found on a street
What is the difference between mortgage and pledge?
The differences between a mortgage and a pledge:1. The Security in Mortgaged is an immovable property, while in a pledge it is a movable property.2. In a pledge the ownership of the pledged property remains with the debtor (the pledgor or borrower). In a mortgage, the ownership of the mortgaged property is transfered to the creditor (banker or mortgagee).3. Delivery of the property is essential to a pledge; hence the goods delivered by the pledgor or borrower will be in the custody of the banker. But, in a mortgage, the possession of the property will be with the borrower.4. In a pledge, the banker (pledgee) can sell the pledged property without the intervention of the Court. In a mortgage, except in English mortgage, a mortgagee can sell the property only with the permission of the Court.5. A pledgee does not have the right of foreclousure (i.e. cannot debar the pledgor or the borrower from taking or redeeming the pledged property). But, in a mortgage, a mortgagee (borrower) has the right of foreclousre, i.e., can debar the borrower from taking back the mortgaged property under certain circumstances.M.J.SUBRAMANYAM, XCHANGING, BANGALORE
What is municipal buildings tax?
A property tax (or millage tax) is an ad valorem levy on the value of property that the owner is required to pay. The tax is levied by the governing authority of the jurisdiction in which the property is located; it may be paid to a national government, a federated state or a municipality. Multiple jurisdictions may tax the same property.There are three species or types of property: land, improvements to land (immovable man-made objects, such as buildings), and personal property (movable man-made objects). Real property (also called real estate or realty) means the combination of land and improvements. Under a property tax system, the state requires and/or performs an appraisal of the monetary value of each property, and tax is assessed in proportion to that value. Forms of property tax used vary between countries and jurisdictions.A special assessment tax is sometimes confused with property tax. These are two distinct forms of taxation: one (ad valorem tax) relies upon the fair market value of the property being taxed for justification, and the other (special assessment) relies upon a special enhancement called a "benefit" for its justification.The property tax rate is often given as a percentage. It may also be expressed as a permille (amount of tax per thousand currency units of property value), which is also known as a millage rate or mill levy. (A mill is also one-thousandth of a currency unit.) To calculate the property tax, the authority will multiply the assessed value of the property by the mill rate and then divide by 1,000. For example, a property with an assessed value of US $50,000 located in a municipality with a mill rate of 20 mills would have a property tax bill of US $1,000 per year.[1] In more fam
Leases?
Lease(Download)The State of ___________ County of _________This lease is made between __________, of _______________, __________, ___________, herein referred to as lessor, and, ________, of __________________, _____________, __________, herein referred to as lessee.Lessor hereby leases to lessee and lessee hereby hires the space presently known as:_______________________________________________________________In the building located at _____________________, ______________, ___________, referred to below as the building, the same constituting ______ square fee MOL.The space is leased for a term of ____ months, to commence on ______________ and to continue until _______________.The total term rental is the sum of $_______ (_____________&___/100 dollars) which is payable in equal __________ installments, in advance, on the first day of each _____________. Lessee shall in addition pay such applicable sales/use taxes as may be levied from time to time by competent authority in addition to the base rental.Lessee shall pay rent, and any additional rental as provided below, to lessor at lessor's above stated address, or at such other place as lessor may designate in writing, without demand, and without counterclaim, deduction or setoff.Lessee shall use and occupy the premises as ____________ and for no other purpose. Lessor represents that the premises may be lawfully used for such purpose.Lessee shall commit no act of waste and shall take good care of the premises and the fixtures and appurtenances therein, and shall, in the use and occupancy of the premises, conform to all laws, orders and regulations of the federal, state, and municipal government of any of their departments. All improvements made by lessee to the premises which are so attached to the premises that they cannot be removed without material injury to the premises, shall become the property of lessor upon installation.Not later than the last day of the term lessee shall, at lessee's expense, remove all of lessee's personal property and those improvements made by lessee which have not become the property of the lessor, including trade fixtures, cabinet work, movable paneling, partitions and the like; repair all injury done by or in connection with the in installation or removal of the property and improvements; surrender the premises in as good condition as they were at the beginning of the term, reasonable wear and damage by fire, the elements, casualty, or other cause not due to the misuse or neglect by lessee or lessee's agents, servants, visitors, servants or licensees, excepted. All property of the lessee remaining on the property after the last day of the term of this lease shall be conclusively deemed abandoned and may be removed by lessor, and lessee shall reimburse lessor for the cost of such removal. Lessor may have any such property stored at lessee's risk and expense.Lessee shall not, without first obtaining the written consent of the lessor, make any alterations, additions or improvements in, to or about the premises.Lessee shall not do or suffer anything to be done on the premises which will cause an increase in the rate of fire insurance on the building.Lessee shall not permit the accumulation of waste or refuse matter on the leased premises or anywhere in or near the building.Lessee shall not, without first obtaining the written consent of the lessor, abandon the premises, or allow the premises to become vacant or deserted.Lessee shall not, without obtaining the written consent of the lessor, assign, mortgage, pledge, or encumber this lease, in whole or in part, or sublet the premises or any part of the premises.Lessee shall observe and comply with such reasonable rules and regulations as may be established from time to time by lessor.If the building is damaged by fire or any other cause to such extent that the cost of restoration, as reasonably estimated by lessor, will equal or exceed 60% of the replacement value of the building, just prior to the occurrence of the damage, then lessor may, no later than the seventh day following the damage, give lessee a notice of election to terminate the lease. In the event of such election this lease shall be deemed to terminate as of the date of the damage or destruction, and lessee shall surrender the premises within a reasonable time thereafter, and any pre-paid rent shall be refunded proportionally.If the premises or any part of the premises, or any part of the building materially affecting lessee's use of the premises, be taken by eminent domain, this lease shall terminate on the date when title vests pursuant to such taking. The rent shall be apportioned as of the termination date and any rent paid for any period beyond such date shall be repaid to lessee.This lease shall be subject and subordinate to all underlying leases and to mortgages which may now or hereafter affect such leases or the real property of which the premises form a part, and also all renewals, modifications, consolidations, and replacements of the underlying leases and mortgages. Lessee agrees to execute such estoppel letters or other documents required to confirm the same.Lessor may enter the premises at any reasonable time, upon adequate notice to lessee (except that no notice need be given in case of an emergency) for the purpose of inspection or the making of such repairs, replacements, or additions in, to, on and about the premises or the building, as lessor deems necessary or desirable.Lessor shall make all necessary repairs to the premises, except where the repair has been made necessary by misuse or neglect by lessee or lessee's agents, servants, visitors or licensors.Lessor agrees to furnish electricity for usual office requirements; however, lessee shall not use any electrical equipment, which in lessor's reasonable opinion will overload the wiring installations or interfere with the reasonable use of such installations by lessor or other tenants in the building.The Lessee shall at all times maintain ___________________ insurance with a minimum $________ _______________________. Lessee shall provide proof of this coverage to the lessor.This document represents the entire agreement of the parties and there are no representations not stated herein, and this agreement may only be modified by a writing executed by both parties hereto.Dated: __________________________________________________________________________Landlord_____________________________________________Tenant_____________________________________________Guarantor of Tenants Obligations, if requiredLeaseReview ListThis document is provided to inform you about this document in question and assist you in its preparation. This is a one-size fit all lease that covers most residential and commercial leases just fine.1. Make multiple copies. Give one to each signatory. Keep one with the transaction file.2. Note the inclusion of a guarantor of the lease. This extra collateral can be extremely useful for collection purposes if the lessor is a new business or young person without a long time credit record.
What is the difference between mortgage and pledge and Hypothecation?
MORTGAGE: mortgage as "the transfer of interest in specific immovable property for the purpose of securing the payment of money, advanced or to be advanced by way of loan, an existing or future debt, or the performance of an engagement which may give rise to a pecuniary liability". The transferor is called the 'mortgagor,' the transferee is a 'mortgagee'. The principal money and interest thereon, the payment of which is secured are called the 'mortgage money'. PLEDGE : pledge as "bailment of goods as security for payment of a debt or performance of a promise". The person who offers the security is called 'pawner' or 'pledger' and the bailee is called the 'pawnee' or 'pledgee'. In case of pledge: There should be bailment of goods; and The objective of the bailment should be to hold the goods as security for the payment of a debt or the performance of a promise. The bailment should be on behalf of a debtor or an intending debtor. The pawner or pledger remains the owner of the property except to the extent of interest which rests with the pledge because of the loan borrowed from the bank. There is actual or constructive delivery of goods. Pledge is not created in respect of future goods. The goods must be specific and be capable of identification. The goods must be in possession of pledgee. Otherwise there is no pledge. Pledge agreement may be oral or implied. HYPOTHECATION: Hypothecation is a charge against property for an amount of debt where neither ownership nor possession is passed to the creditor. Hypothecation is a charge against movable property. The goods will, unlike a pledge, be retained by the borrower and be in the borrower's possession. The borrower gives only a letter stating that the goods are hypothecated to the banker as security for the loan granted. There will be no transfer of the property to the borrower. Features: It is an equitable charge created against immovable property. Neither the possession nor the ownership of the property is transferred to the banker. The contents of the letter of hypothecation determine the rights of the banker. The banker has the right to take possession of the property (if there is default) and sell the hypothecated goods to realize his dues. If selling rights are not incorporated in the letter, the banker has to approach a court of law to recover the dues against the hypothecated property. Hypothecated goods can be sold any time to the genuine purchaser for value without the knowledge of the banker or the hypothecated property can be pledged to another person provided the pledgee has no knowledge of the previous hypothecation.
What is a Chattel?
A chattel is any tangible, movable property, or a slave.
Is money chattel?
Yes, if you argue the modern catch-all definition of "chattel." Here is the quote from Cornell University Law School's Legal Information Institute: A catch-all category of property mostly associated with movable goods. At common law, chattel included all property that was not real estate and not attached to real estate. Examples included everything from leases, to cows, to clothes. In modern usage, chattel often merely refers to tangible movable personal property. http://www.law.cornell.edu/wex/chattel
Where can one find what chattel actually means?
Encyclopedia says, is generally considered private property that is movable as opposed to real property or real estate, also are called chattels or personalty.
What is the meaning of heirloom?
Any furniture, movable, or personal chattel, which by law or special custom descends to the heir along with the inheritance; any piece of personal property that has been in a family for several generations.
Can a donor revoke or cancel a gift deed of movable property which is executed on the stamp paper of rs100 but not registered?
yes it can be revoked or cancelled by the donor because as per Transfer of Property Act, 1882 any property whether it is movable or immovable the value of Rs. more than 100 it is required to be registered.
Can animals be chattel?
Yes. Black's Law Dictionary 9th Ed: "Chattel - Movable or transferable personal property; esp., a physical object capable of manual delivery and not the subject of real property . . . "Chattels are either personal or real, Personal, may be so called in two respects: One, because they belong immediately to the person of a Man, as a Bow, Horse, ect.""
What is the historical meaning of chattel and chattel law?
Chattel historically referred to movable personal property, such as goods or animals, that could be bought and sold. Chattel law governs the legal rights and obligations related to these types of property, including ownership, transfer, and use. This branch of law has evolved to include regulations on intellectual property rights and other intangible assets along with physical items.
What are movable fin and movable exhausts use for?
What are movable fin and movable exhausts use for? [Improve]
What was the difference between slaves and indentured servants in the 1700 colonial society?
Indentured Servants had a specific end date written into their contracts, so that when the contract expired, they will have worked off their debt to their employer. A Slave is the Chattel (movable property) of the owner and belongs to the master for life.
Is a cartilaginous joint movable?
they are slightly movable
Is a movable pulley is fixed at all points?
Yes an elevator is a movable pulley!
What is the function of a movable pulley?
functions of movable pulley
