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The tenant owns the legal interest in the leasehold estate. The fee owner is the one who actually owns the property but the property is subject to the lease.
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Who is a third party purchaser in a real estate transaction?
An outsider with no legal interest in the property.
Would a beneficiary Deed to property be legal in the State of Ga?
Generally, in order for title to real estate to pass to the heirs or devisees the estate must be probated. If a person inherited an interest in real estate a quitclaim deed from them would convey their interest in the property IF the estate had been probated. If the estate was not probated then they are not a legal owner of the property and their deed would convey nothing.
Difference between leasehold property and freehold property?
You don't have to pay rent of property which is called annual ground rent, while in leasehold means, you lease the property from owner of property for several years. This is the contract on based of rules, legal rights and responsibilities from both parties.
Can you change freehold to leasehold?
Yes, it is generally possible to change the ownership type from freehold to leasehold. This process typically involves selling the freehold property and then granting a lease to the new owner. However, it is essential to review the specific laws and regulations of the country or jurisdiction where the property is located, as the process may vary. Consulting a legal professional or real estate expert would also be helpful in navigating this conversion.
What is a non-freehold estate?
In English Common Law less-than-freehold estates were the rights of tenants who leased real property. Those estates were considered personal property. A less than freehold estate has a predetermined limit of time. The most common in the modern era is a leasehold estate. A non-freehold estate involves possession but not ownership of property.
Can a spouse that is divorced claim any of the ex spouse's asset after their death if neither never married again?
No. Your divorce severed any legal relationship between you and your ex-spouse forever. You have no legal standing to "claim" any interest in their estate unless you were specifically mentioned in the will with the gift to be given in spite of the divorce.No. Your divorce severed any legal relationship between you and your ex-spouse forever. You have no legal standing to "claim" any interest in their estate unless you were specifically mentioned in the will with the gift to be given in spite of the divorce.No. Your divorce severed any legal relationship between you and your ex-spouse forever. You have no legal standing to "claim" any interest in their estate unless you were specifically mentioned in the will with the gift to be given in spite of the divorce.No. Your divorce severed any legal relationship between you and your ex-spouse forever. You have no legal standing to "claim" any interest in their estate unless you were specifically mentioned in the will with the gift to be given in spite of the divorce.
How long after someone dies is the will read?
It depends upon the legal need to contact those who have an interest in the estate. Some jurisdictions have legal limits on the period of time allowed, but not all.
When a company charges over the legal interest rate is called?
Usury.
Can a child under 18 who inherited interest in real estate from a grandparent in NJ sign the deed to transfer?
No, they are not of legal age. Their guardian must do it.
Is a straw man legal in Arizona real estate transaction?
If owners want to change their interest in real estate they can convey the property to a nominee (strawman) and the nominee can transfer it back with the desired changes made.
What is the legal definition of self-cert mortgages?
The legal definition of a self-cert mortgages is where the owner/buyer transfers to the lender an interest in real estate allowing the lender to secure a repayment of their debt.
Can you charge interest on interest in the sate of MA Someone is sending me a bill with an interest charge on it and now theyre charging interest on the interest Is this possible or even legal?
no, its called usury and its illegal
