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Real property
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MolliPeggy
Pak Newbie


Joined: 30 Mar 2009
Posts: 1

Real property
Builders in Tripunithura enjoy rights under the various estates include the right to:-
• Decide how a piece of real property is used
• Exclude others from enjoying the property
• Transfer some or all of these rights to others on mutually agreeable terms
• Nature and consequences of transaction costs when changing and transferring estates

Real property also includes many legal relationships between individuals or owners of land that are purely conceptual. One such relationship is the easement, where the owner of one property may enjoy the right to pass over a neighboring property. Another is the various incorporeal hereditaments such as profits a Pender, where an individual may have the right to take crops from land that is part of another's estate. These are all classified as real property, as they would have been protected by real actions in the early common law. Real estate is an expensive non-liquid asset. This means that it costs a lot of money to own it, and it can be difficult to sell. In development activity, there are also the added costs of improvements themselves and the fees of various and sundry consultants necessary to get the work done properly. Because expense is high, sale is difficult, and return on investment is delayed, real estate investment is inherently risky. A large part of the work of developers is risk management. A reversion arises when a tenant grants an estate of lesser maximum duration than his own. Ownership of the land returns to the original tenant when the grantee's estate expires. The original tenant's future interest is a reversion. A remainder arises when a tenant with a fee simple grants someone a life estate or conditional fee simple, and specifies a third party to whom the land goes when the life estate ends or the condition occurs. The third party is said to have a remainder. The third party may have a legal right to limit the life tenant's use of the land.
Mon Mar 30, 2009 3:17 pm View user's profile Send private message
jerryTom
Pak Newbie


Joined: 13 Apr 2009
Posts: 10

Reply with quote
I am a single mother working as a teacher and want to purchase a home. But don't think I can afford a home. I am tired of paying rent. Is there a way I can become a homeowner and not pay an outrageous mortgage? Your advice will be greatly appreciated!
Mon Apr 13, 2009 1:30 pm View user's profile Send private message
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