Custom Real Property, Ownership, and Transfer essay paper writing service

← Bank PrivatisationBusiness Plan →

Buy Real Property, Ownership, and Transfer essay paper online

Fee simple title is one that gives complete land ownership to the potential buyer. The advantages include complete land ownership-meaning that the buyer has complete control of activities and/or income generated from the property, there is no ground rent required payable annually and upon resale there is a rise in property value. The disadvantages include the property being liable to taxation, police power, escheat-ability of the state to recover land after the demise of the property owner and compulsory purchase.

The life estate is a title which transfers property upon the person’s death. The advantages are that this title helps in estate planning and the property owner enjoys income that emerges from the land. The disadvantages are that the land is liable to probate-this is administering of property of the deceased who owned the property. Once the life estate title is signed, it is irrevocable.

Fee simple defeasible is a title where a person holds fee simple title upon certain conditions. The advantage is that the land owner can recover property if there is breach in the contract. The disadvantage is that the value of the property is reduced due to the limitations. A potential buyer would not be welcome to the various conditions hence reduction in property value.

I would use life estate as I would be able to enjoy income generated from the property while I am alive and still be able to transfer title to the intended heir in the time of my demise (Twomey 2010: 91). It would reduce the property value due to the existence of limitations in the agreement and that the potential buyer has no complete ownership of property.

The most common practice is the use of written contracts that are signed and countersigned by lawyers meaning serious legal repercussions in case of a breach.

Research Questions:

(a)    What is the duration of ownership of various titles?

 What are the types of fee simple?

Buy Real Property, Ownership, and Transfer essay paper online

Related essays

  1. Business Plan
  2. Relating Statistics to Business Administration
  3. Bank Privatisation
  4. International Business Practices
 
order now
Live chat!
Planets Live support online chat Live support phone
Our Advantages
300 Words per page
Bottom line
12 pt Times New Roman Double-spaced typed page
Bottom line
MBA and PhD Writers
Bottom line
Relevant and up-to-date
Bottom line
US Writers
Bottom line
100% Quality Guarantee
Bottom line
24/7 Support
Bottom line
24/7 Live Chat
Bottom line
Flexible Discount Program
Bottom line
ANY Difficulty Level!
Testimonials

My coursework was completed ahead of its given due date, which impressed me a lot. The originality of the topic impressed the committee, and its structure and organization impressed me. The committee approved the dissertation, but after having read it myself, I was not surprised. It was detailed, precise and perfect! Thanks for everything.


Russell B., Miami, FL, USA

Your essay writing service rocks! I give you an A++++++


Ekaterina A., Sofia, Bulgaria

This is one of the best quality essays I have had to hand in to my lecturer and for the first time in my school work I handed in my work on time. Thanks once again for the exemplary service to students. I wish I knew about you guys earlier but all the same it's not too late.


Trent H., Little Rock, Arkansas

X
-15% first order  Order now