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The "subject property" is the property referred to in a deed, mortgage, contract, title report, title certification, restriction, lease, etc.
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∙ 14y ago
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What are the 3 real estate appraisal methods?
The three approaches are:The cost approach--what would it cost to reconstruct the subject property in today's cost minus the depreciation for the aging of the subject property.The income approach--what would the subject property produce as an income property if rented. This would be based on an income stream determining present value.The market approach--this is most commonly used in residential real estate. It compares other similar homes which have recently sold to the subject property, making adjustments to arrive at a fair market value.
When is real estate reversionary?
Real property is subject to reversion if there was reversionary language in the deed or will that transferred the title.
What does estate mean?
A person's estate is all the property owned including real and personal property. In another sense an estate is a large piece of landed property with an elaborate house on it.
In England what does the real estate term sold stc mean?
STC is the Acronym for "subject to contract", it is basically an indicator to state that the property sale has been agreed and is awaiting surveyor/mortgage confirmation. The estate agent will not accept additional offers once a property has been STC'd. Hope this helps Regards Otto C/o Whitehaven Cumbria
How do private property rights contribute to a capitalist system?
If there were no private property rights then there could be no private businesses and that would mean that it would not be a capitalist system.
Do By-Laws pass with the sale of property from one owner to another in the state of Virginia?
If the property is subject to by laws they remain subject to them even if the property is transferred to a new owner. The by laws would run with the land.If the property is subject to by laws they remain subject to them even if the property is transferred to a new owner. The by laws would run with the land.If the property is subject to by laws they remain subject to them even if the property is transferred to a new owner. The by laws would run with the land.If the property is subject to by laws they remain subject to them even if the property is transferred to a new owner. The by laws would run with the land.
If a property is willed to someone do they inguire the liens on the property?
If the property is subject to active liens, generally the devisee will acquire the property subject to those liens.
What does LE REM mean in a title of a property?
LE stands for Life Estate, which means the person has the right to the property until their death. REM stands for Remainderman, which means someone is to inherit the property once the current owner expires.
What kind of trust can a property go to if it has a reverse mortgage?
You cannot transfer your property to a trust if it is subject to a reverse mortgage. You have already assigned your interest in the property to the lender.You cannot transfer your property to a trust if it is subject to a reverse mortgage. You have already assigned your interest in the property to the lender.You cannot transfer your property to a trust if it is subject to a reverse mortgage. You have already assigned your interest in the property to the lender.You cannot transfer your property to a trust if it is subject to a reverse mortgage. You have already assigned your interest in the property to the lender.
What happens if you can't pay your second mortgage?
The lender can foreclose and take possession of your property subject to the first mortgage.The lender can foreclose and take possession of your property subject to the first mortgage.The lender can foreclose and take possession of your property subject to the first mortgage.The lender can foreclose and take possession of your property subject to the first mortgage.
What has the author R S Bhalla written?
R. S. Bhalla has written: 'Property relations in Kenyan constitutional law' -- subject(s): Right of property, Eminent domain 'The institution of property' -- subject(s): Property and socialism, Right of property, Property
What is commutative distributed property mean?
what is commutative and distributed property mean
When does a land becomes a marital property?
When it is acquired during marriage, especially in a community property state. Separate property states allow certain property to remain separate and not subject to division in a divorce.When it is acquired during marriage, especially in a community property state. Separate property states allow certain property to remain separate and not subject to division in a divorce.When it is acquired during marriage, especially in a community property state. Separate property states allow certain property to remain separate and not subject to division in a divorce.When it is acquired during marriage, especially in a community property state. Separate property states allow certain property to remain separate and not subject to division in a divorce.
What does it mean when the county records assignment to a property under lis pendens?
A lis pendens means that there is a lawsuit pending against the owners of the property, and that the outcome of that lawsuit may affect title to the property. Anyone who buys a property subject to a lis pendens risks losing all or part of the property, depending on the outcome of the lawsuit.
What has the author Robert P Merges written?
Robert P. Merges has written: 'Intellectual property in the new technological age' -- subject(s): Intellectual property, Technological innovations, Law and legislation 'Justifying intellectual property' -- subject(s): Intellectual property, Philosophy, Intangible property 'Intellectual property in the new technological age' -- subject(s): Intellectual property, Technological innovations, Law and legislation
If property is conveyed to another party does that party now own the property?
Yes. And if it was subject to liens that weren't paid off when the property was transferred then the property is still subject to those liens and those creditors can still go after it.
What happens to a written lease agreement when the land owner conveys the land to another person?
If the lease was properly executed by the lessor and lessee the property is subject to the lease and the new property owner must honor it.If the lease was properly executed by the lessor and lessee the property is subject to the lease and the new property owner must honor it.If the lease was properly executed by the lessor and lessee the property is subject to the lease and the new property owner must honor it.If the lease was properly executed by the lessor and lessee the property is subject to the lease and the new property owner must honor it.
