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Owning real property does not mean that all rights are protected, show two examples of where rights are limite |
Owning real property does not mean that all rights are protected. Show two examples of where rights are limited in ownership of land or personal property (1) The rule of sic utere tuo ut non alienum. Do not use your property in such a way as to diminish another's use of his own property. There is a servitude over it; environmental hazards and dumping WATER does not always come with the property! Some places that does not matter, but others (Utah, Arizona and othe desert regions it is very important. Be sure that water rights come with the property. Remember that a seller can sell the water separate from the real property. 1) There is no longer true (real estate) property ownership in the US (except the State of Louisana) since the abolishment of allodial title (back in the mid 60's). You now, in most states, rent your "real property" from the county. You don't pay the rent (property tax) you loose the right to "own" and occupy it. |
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old way of saying "specifically", as in the property at 123 Main St, specifically the lot lying east of Main St 10 ft, South of Elm St 220 ft, and dimensions of 100 ft by 200 ft, marked b... Yes - but as they mentioned it is still considered community property. Also, depending on where you go in PA (rural vs. city) you will likely encounter a little good old boy attitude where women... You mean conversion to a new owner by theft? Yes it can occur. ...It's going to depend on your state. Best to consult a lawyer with Sec. 1031 experience. EXCHANGES OF TIMBER RIGHTS This type of transaction should be qualified on a case-by-case basis. S... what do you mean by all rights? very few rights are absolute -- even ownership rights can be conditional as with condemnation. ...Yes and no. For estate tax purposes, you want an appraisal. This allows the property to have a defined value. You will need to maintain the appraisal for up to 7 years after the estate is close... Do a web search. But using blank legal forms without obtaining qualified counsel is risky. ...Only in some states; and only if the car is the item secured by the note. Check with the clerk of court ... |
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