Blog

24 Mar 23

LEASE OPTION CONTRACT

Scholasticus (2010) indicated that there are several different types of contracts that can come into existence. A lease is one such contract that people commonly use to rent out real estate and even assets. When it comes to leasing a real estate, there are several types of possible contracts. In…
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24 Mar 23

LEASE

A lease is an agreement conveying the right to use property, plant, and equipment (PP&E) usually for a stated period of time. The party that gets the right to use the asset is called a lessee and the party that owns the asset but leases it to others is called…
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24 Mar 23

LAND REGISTRATION

Land registration means that where one has an interest or title in land, such as freehold interest or leasehold interest, this title must then be registered in the states land registry by Registrar of title. There are various laws enacted by each state of the federation governing land registration. The…
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24 Mar 23

LAND CONTRACT

As described in Wisegeek.com (2011), a land contract is between the buyer and a seller of a property, wherein the seller holds the title or deed to the property until all agreed payments have been made in full. Because the laws governing land contracts can vary from one state to…
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24 Mar 23

LAND BANKING

Land banking is the process of buying and holding unimproved real estate. Land banking is done for a number of reasons. Government can engage in it in order to preserve stretches of land or to have the option of changing their use at some time in the future. Individuals also…
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24 Mar 23

LAND

Land is the generic term, which refers to the terra firma (physical land) and other things, which are under, on, over and above it. In a physical sense, land is the earth’s surface and anything naturally attached such as timber or mineral reserves.
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24 Mar 23

JOINT OWNERSHIP OF PROPERTY

There are different ways in which a person can own a specific property. Joint ownership of property is one such ways. The concept of joint ownership of property is governed by many different laws such as Contract Act's, Sale of Property Acts and Transfer of Property Acts. The simple definition…
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24 Mar 23

INVESTMENTS

Investment is the process of risking one’s savings in the hope of a monetary gain. An investment involves the act of using a good or its money equivalent to create another good or fetch the returns of the invested amount in terms of interest or profit share. The basic purpose…
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24 Mar 23

INTERNATIONAL REAL ESTATE FEDERATION (FIABCI)

FIABCI is the international organisation of Federation of professional associations in the real estate professional organisations concerned with the real estate profession and was founded in Paris on the June 2, 1951. The constitution for the organisation were formulated and approved by the founding countries – namely Austria, Belgium, Germany,…
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