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Deeds and Ownership

Ownership of real property is one of the most valuable legal rights. The method of documenting and transferring this ownership gives rise to the questions in this category.

500 Questions

If I own the mineral rights on my property do I own the oil and gas?

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Asked by Wiki User

Yes, if you own the mineral rights on your property, you typically have the right to extract and profit from minerals found beneath the surface, including oil and gas. Mineral rights give you the legal authority to explore, extract, and sell these valuable resources. However, it's important to note that ownership of mineral rights doesn't always guarantee ownership of surface rights, which could be owned by a different party. In some cases, individuals or companies may purchase or lease mineral rights from property owners, and this can be a complex legal arrangement. Companies like Mineral-Rights specialize in facilitating these transactions, providing services to both property owners and those interested in acquiring mineral rights.

Mineral-Rights is known for its expertise in navigating the complexities of mineral rights transactions. Whether you're looking to capitalize on the resources beneath your property or exploring investment opportunities, consulting with a reputable company like Mineral-Rights can help ensure that your rights are protected and that any transactions are conducted in a legally sound and mutually beneficial manner.

How much does it cost to place a lien on someone's property when they owe you money?

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Asked by Wiki User

The cost of obtaining a lien depends largely on the type of propery, the type of debt, whether you obtained a security agreement and whether the law grants you any special status to file a lien without going to court like a mechanic's lien. If you are a secured lender, you already have a lien. If you have special status like a contractor, you may be able to record a lien for a small fee or assert a lien by keeping property already in your possession. If you are unsecured, you may need to file a lawsuit and get a judgment lien after you win the case. The actual cost could range from a few dollars to hundreds or thousands of dollars if you have to sue in court first.

Is there a stigma on Modular homes?

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Asked by Wiki User

There is no stigma for modular homes that I know of,but a lot of people are miss informed about modular construction. Most people are confusing mobile homes with modular homes and there is a stigma about mobile homes and mobile home parks. Another confusing part is the term that is used to describe mobile homes. The term "Manufactured Housing" has been adapted by the mobile home industry to alleviate the stigma of mobile homes. Of course uninformed people bundle modular homes in this mix since modular homes are constructed in a manufacturing facility and are transported, but that is where the similarity if any ends.

Can the trustee in a irrevocable trust be your child?

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Asked by Wiki User

Yes, it is possible for a child to be named as the trustee of an irrevocable trust, although it may not be recommended in all situations. The suitability of naming a child as trustee depends on various factors such as their age, level of responsibility, and ability to handle financial matters effectively. It is advisable to seek guidance from an attorney or financial advisor when deciding on the trustee for an irrevocable trust.

Can you record a certified copy of a Deed from a different state and county in a new state and county?

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Asked by Wiki User

Yes, you can record a certified copy of a deed from a different state and county in a new state and county. However, the rules and procedures for recording may vary between jurisdictions, so it is important to familiarize yourself with the specific requirements and fees of the new state and county where you intend to record the deed.

Why might some beach property owners oppose the building of jetties?

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Asked by Wiki User

Some beach property owners might oppose the building of jetties because they can alter natural coastal processes and disrupt the natural movement of sand along the beach. This can lead to accelerated erosion in some areas and increased deposition in others, potentially affecting the overall health and stability of the beach. Additionally, jetties can alter wave patterns and currents, which can impact the recreational value and aesthetic appeal of the beach.

If a property is deeded to a person receiving ssi and occupying the property to be deeded will it affect his ssi benefits?

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Asked by Wiki User

If a person receiving SSI (Supplemental Security Income) is deeded a property and occupies it, this may potentially affect their SSI benefits. SSI has strict rules regarding countable assets, and the value of the property may be considered an asset that affects their eligibility and benefit amount. It is best to consult with a knowledgeable professional or the Social Security Administration for specific advice based on individual circumstances.

Does the right of survivorship apply with out a will?

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Asked by Wiki User

No, the right of survivorship typically applies to property held in joint tenancy or tenancy by the entirety, and it allows the interest of a deceased co-owner to automatically pass to the surviving co-owner(s). Without a will, the deceased co-owner's interest would generally be subject to the laws of intestate succession, which determine how the property will be distributed among the heirs.

If a property was given to someone and the previous owner has life use who pays the taxes?

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Asked by Wiki User

Typically, the person who has ownership of the property is responsible for paying the taxes. In this case, if the property was given to someone and the previous owner has a life use, the new owner would generally be responsible for paying the taxes on the property. However, it is always recommended to consult with a legal professional or tax advisor for specific situations and jurisdictions.

Can a married couple quit clam property to one another being both the grantee and grantor?

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Asked by Wiki User

No, a married couple cannot quitclaim property to one another, as they both have an existing legal interest in the property as spouses. However, they can transfer their interest in the property to a third party through a quitclaim deed. Alternatively, they may consider other types of property transfers, such as a warranty deed or a marital property agreement. Consulting with a lawyer is advisable for guidance in specific cases.

Can a quiet title suit be used to extinguish interest of verifiable owners who are unwilling to sign documents to sell a property?

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Asked by Wiki User

A quiet title suit can be used to resolve disputes regarding ownership or to clarify title issues. However, it cannot be used to extinguish the interests of verifiable owners who are unwilling to sell or sign documents. In such cases, other legal remedies may be available, such as a partition action or negotiation for a voluntary sale.

Does the pratt family own bora bora island?

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Asked by Wiki User

No, the Pratt family does not own Bora Bora Island. Bora Bora is a part of French Polynesia and is owned by the French government. It is a popular tourist destination known for its stunning scenery and luxury resorts.

The definition and the different between certificate of occupancy and certificate of title?

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Asked by Wiki User

A certificate of occupancy is issued by the local government or building department to confirm that a building or structure meets all necessary building codes and regulations and is safe to be occupied. It is required before a building or residence can be used for its intended purpose.

On the other hand, a certificate of title is a legal document that proves ownership of a property or asset. It confirms that the person or entity named on the certificate has the right to possess, use, and dispose of the property. A certificate of title provides information about any liens, encumbrances, or restrictions on the property.

What is a quiet title and how much does it usually cost when it has to be filed at the court house?

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Asked by Wiki User

A quiet title action is a type of lawsuit filed to establish ownership and clear any competing claims or "clouds" on a property's title. The cost of filing a quiet title action can vary depending on the jurisdiction and complexity of the case. Generally, filing fees and attorney fees can range from a few hundred to several thousand dollars. It is advisable to consult with an attorney to get an accurate estimate of the cost specific to your situation.

Does your live in boyfriend have any rights to your property?

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Asked by Wiki User

The rights that a live-in boyfriend has to your property may vary depending on the laws of your jurisdiction. In general, if the property is solely owned by you and your boyfriend is not on the title or deed, he may not have legal rights to the property. However, some jurisdictions recognize certain rights for long-term cohabitating partners, so it's advisable to consult with a legal professional familiar with the laws in your area for specific advice.

John Jacob astor created a fortune in his ownership of the?

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Asked by Wiki User

American Fur Company and investments in New York City real estate. He became one of the wealthiest individuals in the United States during the early 19th century. Astor's fortune also grew from his involvement in the fur trade and his investments in various industries, including shipping and banking.

A father and son have the same name the father is deceased the son signs?

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Asked by Wiki User

If he is not the owner of the property he is committing a fraudulent act. He is acting to deceive the other party. He would be forging his father's name and concealing the fact of his death. In fact, he would be creating a cloud on the title to the property that would be quite easy to detect and expensive to fix. If he uses the deception to obtain money, think very serious criminal charges.

Do your townhouse neighbor need home insurance for damages from a leak in your home?

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Asked by Wiki User

Yes, it is generally recommended for townhouse owners to have home insurance. While the specific responsibility for damage from a leak can vary based on the terms of the homeowners association or any shared walls agreement, having insurance can help protect both the owner and neighbors in the event of unexpected damages and liability. It is always best to consult with an insurance professional for personalized advice.

What are pros and cons of equity release schemes?

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Asked by Wiki User

Pros of equity release schemes include the ability to access the value tied up in your home without having to sell it, allowing you to have additional funds to support your retirement or other financial needs. It can also offer flexibility in how you receive the funds, such as receiving it as a lump sum or in regular payments. However, cons include the fact that it can reduce the inheritance you leave behind for your loved ones and can result in a decrease in the value of your estate. It is important to carefully consider the long-term financial implications and seek independent financial advice before proceeding with an equity release scheme.

Which section of the records search explains the requirements and to whom the seacrch applies?

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Asked by Wiki User

The section of the records search that explains the requirements and to whom the search applies is typically called "Search Criteria" or "Eligibility Criteria." This section outlines the specific requirements that individuals or organizations must meet in order to conduct the records search and who is authorized to access the records. It provides details on the necessary documentation, fees, and any other relevant information that must be fulfilled in order to proceed with the search.

Who is the owner on Culvers?

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Asked by Adbad

Culver's is a privately owned fast-food restaurant chain that was founded by Craig and Lea Culver in 1984. The ownership of individual Culver's restaurants may vary, as they are typically owned and operated by independent franchisees.

How does fee simple work when there is no will?

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Asked by Wiki User

When a person dies without leaving a will, their property will typically pass through the laws of intestacy. In this case, fee simple ownership may be transferred to the deceased person's closest living relatives, such as their spouse, children, or parents. The specific distribution of the property will depend on the laws of the jurisdiction where the deceased person lived.

What is the purpose of 'trust deeds'?

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Asked by Wiki User

The purpose of trust deeds is to provide security for a loan by establishing a legal framework for the repayment of the loan. Trust deeds outline the terms and conditions of the loan, including the repayment schedule, interest rate, and consequences for default. They also allow the lender (trustee) to take ownership of the property if the borrower fails to repay the loan as agreed.

How do you transfer house deed from mother to daughters yourself?

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Asked by Wiki User

To transfer a house deed from a mother to her daughters on your own, you would need to follow these steps:

  1. Obtain the necessary legal documentation, such as a quitclaim deed or a grant deed.
  2. Complete the deed by filling in the required information, including the names of the mother and daughters as grantor and grantees, respectively.
  3. Sign and notarize the deed with all parties involved.
  4. Record the deed with the county clerk or recorder's office where the property is located to officially transfer ownership. It is recommended to consult with a real estate attorney or legal expert to ensure proper execution of the transfer.

What is the name for claims against property?

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Asked by Wiki User

The name for claims against property is liens.