Yes, someone who inherits a house certainly does have the option to sell it. This is one of the most common steps that people take. Someone who is already an adult and owns their own home may inherit their parents’ house, for instance. It is a valuable asset, but they...
One potential complication that can arise during a commercial property transaction is when that property is not in the correct zone for the intended use. Perhaps it is not in a commercial zone at all, but a residential zone. Even if it is commercial, it may be locally...
When getting a mortgage loan prior to purchasing a property, buyers will often work their way through preapproval, prequalification and then final approval. This takes time, but they can still make an offer while the financial details are being sorted out. Preapproval...
When facing foreclosure as an investor in Arizona, you may benefit from local anti-deficiency statutes that limit lender recourse after a sale. These laws primarily protect residential borrowers and contain nuances that can safeguard from additional liability....
Yes, home sellers are often required to disclose past defects. If these are material defects, they can have a significant impact on the value of the property. A potential buyer still deserves to know about issues that have occurred in the past, even if there is not a...
During a real estate transfer, it is important to know if there is an easement on the property. There are two main types of easements: an easement appurtenant and an easement in gross. An easement in gross is generally not tied to any specific parcel of land, but is...
Buying or selling real estate often involves signing several legal documents. One of the most important is the deed of trust. Many buyers see the document during closing but may not understand its purpose. Learning how a deed of trust works can help you better...
Every landlord should consider creating a lease for their property, regardless of whether they are leasing to family or strangers. The terms of a lease determine how long a tenant can live in a property, what they can do to the property and what happens when the terms...
Every clause in a commercial lease can impact the obligations of a landlord and their tenant(s). Lease terms dictate who is responsible for facility maintenance and taxes. Commercial leases can even influence how people conduct their businesses. From limitations on...
When selling residential real estate, sellers are generally required to disclose known material facts that could affect a buyer’s decision to purchase the property. However, whether a death that occurred in the home must be disclosed is a separate question. Under...
