With residential properties, the person living in the property usually has very few obligations outside of paying rent. They may also have to cover the utilities, but some landlords will even include these in the cost of rent. The landlord will also be obligated to...
Year: 2022
What are earnest money and escrow in real estate purchases?
Residential real estate transactions are complex undertakings that involve several steps. Understanding each step and what happens during them is crucial if you buy or sell a home. Two concepts often the source of questions are earnest money and escrow. What is...
3 points you should know about a title search on a home
The home buying process is complex partly because of the many steps that come between finding the right home and being able to close on it. During the process, you will likely make an offer on the home. After the offer is accepted, a title search must be done. A title...
Do you have to honor an easement?
When looking to buy real estate, you may discover that the land has an easement. An easement is a right granted to a party who is not the property owner the ability to use that land. A common example is when a shared road runs through one party’s land and connects to...
2 crucial clauses that every residential lease contract must have
A lease agreement serves as the basis of the landlord-tenant relationship. It specifies each party’s rights, privileges and obligations. Most importantly, a lease agreement is legally binding and can be enforced in court. Because a lease agreement is a crucial...
Identifying real estate investment areas
When buying a piece of real estate as an investment, it is important that you understand the future value of that real estate to carefully determine the offer amount you would like to put in. Sellers try to maximize their profits, so you may need to push back against...
Can you negotiate the terms of a commercial real estate lease?
Yes, negotiations nearly always occur when looking to lease commercial real estate in Arizona. The landlord will expect to negotiate, and so should you. If you have never held a commercial lease, you do not want to appear unsavvy about the negotiation process, or you...
Do you have to be told if a home was once a crime scene?
If you’re moving to Arizona from another state and buying a home, you may be surprised to learn that sellers aren’t required to disclose as much information about the history of a property as they are in most other places. The same is true for those who lease or rent...
3 mistakes to avoid when buying commercial property
Acquiring a property for your business can be a significant milestone. However, whether you are a first-time investor or a seasoned one, getting lost in the excitement can be quite easy. And the long-term consequences can be devastating for your business. If you are...
What is a short sale in real estate?
Homeowners with financial difficulties, including those facing imminent foreclosure on their homes, may decide that they need to sell their homes even if they don’t make enough to pay off the mortgage. This is known as a short sale, and it’s a complex real estate...