Category: Real Estate Terms
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What Is A Proof Of The Ownership Of A House?
Buying and selling real estate can be a highly complex matter. There are many types of documents that you need to know about. The deed is the proof of ownership of the house or land. The deed is a legal instrument that shows who owns the home and land. There are many kinds of deeds,…
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Who Are The Land Owner In A Co-op Housing Society?
If you are looking to buy an apartment complex in a housing society, it can be confusing to know who exactly owns what. Or what your ownership rights are. In a Housing Society or Housing Cooperative, the Housing Cooperative owns the land, and the individual apartment unit owners own a share in the cooperative. The…
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Differences Between Direct & Indirect Real Estate Investment
When you are looking to invest in real estate, you might hear two different terms regarding investment, direct and indirect real estate investment. A direct real estate investment is when you buy a property by yourself or with others, and you own the property. With direct real estate investment, you are an owner of the…
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What Type Of Real Estate Ownership Is The Most All-Inclusive?
If you want to own real estate, many different terms may not be familiar. One of those terms is the term that means your ownership is all-inclusive. The most inclusive type of ownership is fee simple absolute. The fee simple absolute means that you own the property without any restrictions being placed upon the property…
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Who Should Pay Property Tax, Tenant Or Landlord?
It is good to understand if you need to pay the property tax if you rent a property. A landlord has a legal burden to pay the property tax and not the tenant. Most landlords will include the property tax cost within their rental amount. There are also several other things that tenants should not…
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Does A Sewer Utility Easement Affect Property Value?
Easements, particularly a Utility Easement, is essential to understand if you purchase a piece of property. A sewer utility easement should not affect the value of your property as long as the easement is not highly limiting. Most utility easements do not hurt a property’s value. Utility easements are set up for the good of…