Situs is one of those funny terms in real estate that many people may hear but are not sure what it means. Situs is a legal term that refers to the location or jurisdiction of where the property is located. Situs does not have to do with just real estate property but can be for…
There is a term used for property owners as a life estate in real estate. The life estate is used quite a bit in the United States for trust transactions. A life estate is when a person is granted the right to use the property for the term of their life. Once the life estate…
There are several economic principles and characteristics of real property or real estate. Understanding these principles is essential for you to understand your real estate investment. These four real property principles are the economic principles of land and real estate investments. The four basic principles of real property investments include scarcity of real estate, the…