We and three other families intend to sell our homes when our kids go to college and build one large custom home on acreage. Should we form some manner of legal entity to pool our money and deal with the builder, etc.?
Some families set up a limited liability company to manage family vacation homes. With the appropriate operating agreement that defines everyone's financial responsibilities, and which defines who is responsible for repairs, taxes, insurance, etc., it can work. But be clear, what you are...Read more »
Not to be too glib, but you should add all the laws and legal requirements for your particular type of transaction, and the requirements you seek to enforce or avoid. It has taken me 32 years to do it correctly. You should consider finding someone in you County with similar qualifications.
I am purchasing a renovated,previously vacant home in Bmore. The home was previously purchased by the Mayor and city via condemn- immed. Title and posses., then purchased by and investor who renovated it. My title company told me that I need to redeem a ground rent that was on a deed from 1967... Read more »
Your confusion is understandable. Many don't apprehend that a leasehold property has TWO chains of title. One for the leasehold (what you purchased), and another for the reversionary interest (what you ground rent landlords own).
Non-registration doesn't strip the ground rent...Read more »
The solution to your issue depends on your status as an occupier of the land. How did you enter the property? Are you a tenant with a lease? One without a lease? Did the owner invite you? Did you enter via trespass? What is your relation to the owner?
My friend put in an offer on a house more than 60 days ago. When they asked the seller about it (seller became elusive) they came back and said they want to wait and see if more offers come in first. Is this allowed?
it says: " Within 45 days after the end of the tenancy, the landlord shall return the security deposit to the tenant together with simple interest which has accrued at the daily U.S. Treasury yield curve rate for 1 year, as of the first business day of each year, or 1.5% a year, whichever is... Read more »
The commercial practice of the banking community is often out of step with what the Legislature has ordered by statute. The Maryland landlord must abide the written statute. Every once in awhile, the tenants catch a break.
And No Vacant Notice / Notice To Pickup Mail From The Post Office. I Had The The Addresses Verified By The Post Office. And 4 Time Within A Year I Reported That It Was Not Vacant And Non Of The Addresses There Of The Mail Will Begin And My Packages Will Come Then Vacant Return To Sender Again. The... Read more »
Your question lacks basic facts. Unless you have a court order granting you a deed on the basis of "adverse Possession," you remain a trespasser. You have to go to court and prove the adverse possession claim.
A Owner Break Into A Building That I Adverse Possession And Changed The Locks. And A Time A Renter Of A Bissnesses On The Land Of The Same Campus Broke Into The Same Building On The Land And Stole The Water Heater Turned Off The Water/ And Close The Building Up. Also What Are The Owns Rights... Read more »
The answer will be discerned from the brokerage/agency agreement, the settlement sheet, and your written communications. If the broker's agreement calls for $X, but the disbursement out of settlement was less than $X, then you might owe he delta.
The question is pretty vague. But the crux of the biscuit is this: An adverse user is entitled to claim only to the extent of his use and possession, and no more. What I gather from your question is an eye toward land owned by a governmental entity. In that case, you may not adversely possess...Read more »
Squatting is simple trespass- one is residing where they have to legal or titled right. Adverse possession is a cause of action. One asserting the cause of action in court must make certain proof in order to persuade a court to award legal title.
A squatter has no rights, but may, at some...Read more »
In 2008 my home had a lien put against it due to a credit card debt with Citibank. In 2017, I tried to show a bank that I paid off the debt but Citibank has no record of the account. I was still able to get a loan despite the lien but in the future this will still be a problem especially if I... Read more »
A lien arising from a judgment lives 12 years, and can be renewed for another 12 years. How it was created is found in the court's file. You may visit the clerk's office to review the file, yourself. You might as well obtain a copy as any lawyer you consult will need a complete copy of...Read more »
Property is not truly "abandoned." It may be vacant, but it is still subject to municipal taxes. When left unpaid, the property is likely up for tax sale. The redemption laws might give you a way to obtain an interest in the property.
And if property is vacant, you are certainly...Read more »
When one dies, ownership of his things passes to his Estate. That Estate is controlled by a Personal Representative. You must ask the court to appoint you as P.R. Only then will you have authority to administer the house.
You might also discuss with the fiance whether she wishes to...Read more »
You obtain the relief you want by negotiation with others, resulting in a title document that gets recorded in the land records, or you go to court and obtain a judgment that can also be recorded in the land records. The term "quiet title" includes many things, much as the word...Read more »
Title transfers trigger many payment obligations, some of which are "taxes." When you make the transfer also determines what is due, and when. For instance, you can transfer now, you can make a conditional transfer (a life estate for you or others), or you can promise a transfer at a...Read more »
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