▪ Prescription is a term usually applied to easements. We refer to easements by prescription[->0]. ▪ The nominal rate of interest is the: ⁃ rate set forth in the note. ▪ Study aid: "TTIP" TIME: That the co-owners became such at the same time. TITLE: Created by a single will or transfer. INTEREST: Equal shares. POSSESSION: A right to use the whole and share in the profits and costs. Foreclosure[->1] breaks two of the unities: Time and Title. ▪ If economic conditions are rapidly changing, it
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FREEHOLD COVENANTS Creation of freehold covenants * Not capable of being legal interest in land (s. 1(2) LPA 1925), can only be equitable (s. 1(3)) * Invariably created expressly by deed. However, as an equitable interest the minimum formality requirement is that it is created by signed writing (s. 53(1)(a) LA 1925) * Usually imposed when a person sells part of the land that he owns and are therefore contained on the transfer. Covenant Terminology * Covenantor * Person who makes the
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“One of the aims of the registration is to make title more secure and easily provable. It is supposed to set up a mirror of ownership. The mirror principle – or rather, aspiration – is hostile to interests that do not appear on the registered title. Like many systems registration has it’s own momentum; it tends towards tidiness and completeness and to the elimination, as far as possible, and of interests that a purchaser cannot discover from the register ”. Discuss and consider the extent to
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GUJARAT UNIVERSITY SYLLABI OF THREE YEARS LL.B. PROGRAMME WITH CREDIT BASED SYSTEM (As prescribed by the BAR COUNCIL OF INDIA and as per the Rules of Legal Education, 2008) Effective from the academic year 2011-12 THREE YEARS’ LL.B. POGRAMME First LL. B. Semester – I FIRST LL.B. - SEMESTER 1 (MONSOON) PER WEEK CORE COURSE 101 SUBJECTS Law of Tort including MV Accident And Consumer Protection Laws Criminal Law Paper – I (General Principles of Penal Law) Criminal Law Paper – II
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COB Project Risk Report June 2014 |COB Project | Revision History |Change Log | |Revision # |Date of Revision |Owner |Summary of Changes
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Chapter 1 – History and Concepts of Property Ownership The method of “holding” land rather than “owning” it was called a system of tenure. Alienability: refers to the power to transfer tenure to another during one’s lifetime or at the time of death. Common Law: is the part of the law that is formulated, developed and administered by the common law courts, mostly underwritten and founded originally by common customs. Types of Estates: Estates – describes an interest in land or more specifically
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Name: __________________________ Date: _____________ 1.Nine The covenant implied in a lease that ensures that the landlord will not interfere in the tenant's possession or use of the property is the covenant A) of warranty forever. B) of seisin. C) against encumbrances. D) of quiet enjoyment. 2.Nine The availability of funds for real estate mortgage loans is affected by the Federal Reserve System through which of the following? A) Federal National Mortgage Association B) Federal
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Counter Offer to Summary/Offer to Purchase Real Property Due to acquisition of right of way and damages Silver Bullet, Inc. William “Bill” I. Young 1116 Shoal Creek Road | Burnsville | NC 28714 Property Location: 4075 Hwy 19E | Burnsville T:828.208.0006 1|P a g e COUNTER OFFER TO SUMMARY/OFFER TO PURCHASE REAL PROPERTY Submitted to the State of North Carolina Department of Transportation OVERVIEW Retail gasoline businesses, such this gas station and convenience store, are single-purpose
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CHAPTER 1 THE NATURE OF REAL ESTATE AND REAL ESTATE MARKETS ------------------------------------------------- Test Problems 1. A market where tenants negotiate rent and other terms with property owners or their managers is referred to as a: b. User market 2. The market in which required rates of return on available investment opportunities are determined is referred to as the: d. Capital market 3. The actions of local, state, and federal governments affect real estate values
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At the Lakefront Christina L. Bradley Professor Ralph Palumbo ACC 555—Individual Tax Research and Planning May 1, 2012 Abstract In this paper we are going to discuss three different income tax reporting scenarios. The first scenario is to determine the best way to address a $280K windfall from a business trip to Las Vegas in which you incurred $1,846 in expenses. The second scenario is to describe how you would minimize tax exposure on the purchase of an undeveloped lakeshore
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