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Real estate transactions have evolved over time, and one term that’s been gaining traction is the “arm’s-length real estate transaction.” In property dealings, understanding this concept is crucial. An arm’s-length real estate transaction refers to a deal between two...
If you’re looking to buy either a residential or a commercial property, you may discover that it has an easement. This means that someone else is allowed to use at least a portion of that property. They don’t have any ownership rights, but their use of the land cannot...
Lots of housing developments and upscale neighborhoods have homeowners’ associations (HOAs) – and they do have their benefits. HOA can make sure that the community remains relatively stable, that the amenities that make the location so attractive are well-kept and...
When you hear the term “functional obsolescence,” you may think of CDs, rotary telephones, slide rules or even iPods. When it comes to real estate, functional obsolescence (sometimes known as external obsolescence or other names), it’s not that the property is...
Landlords renting out commercial properties either rent out an entire facility to a single tenant or may have multiple professionals and businesses occupying a space. Shared spaces can be very efficient because they do not require a bunch of redundant facilities....
Regarding real estate, ownership is not always as straightforward as it seems. Property rights can be complex, and various hindrances can limit your ability to use, sell or develop your land. Understanding these encumbrances is crucial for anyone involved in real...
Imagine you've found your dream home. It's in the perfect neighborhood, has all the features you've been searching for and you can already picture your future there. However, before you commit to buying the home by signing the purchase contract, there's a crucial...
Buying a home is the largest transaction that the average adult will ever complete. They will commit multiple years of their salary for the purchase price of a property. What they pay for their mortgage each month could be as much as a third of their household income....
In a real estate transaction, a seller is required to disclose crucial information to the buyer. In Arizona, this includes any information the seller is or may be unable to perform, and any material defect existing in the property and the existence of a lien on the...
Tenants often have just a small number of duties beyond paying the rent. They could also be responsible for paying the utilities if their landlords do not include them in the rent. Typically, the landlord must be responsible for hiring someone to do essential repairs...
