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Property Law

Property Laws

Property Laws

Property Law
Property law is law regarding the ownership of property and the rights that come with such ownership. Property laws in a very general sense are designed to protect the basic rights of property ownership, such as the right to transfer property from one owner to another. Property law deals with both personal property and real property, or real estate.

Buy Property

One may buy property from any individual willing to sell property. Buying property is not possible in instances where the individual who currently holds the property in question is unwilling to sell, as that individual’s ownership rights protect him or her. An individual, who wishes to buy property in a particular location, where such property is real property, must usually go through a significantly extended process to buy property.

Property Search
A property search tool, or property finder, is a tool which will allow individuals to search for information regarding properties. A property search tool might help a searcher to find property within particular ranges of values, such as property between ends of fair market value. A property ownership search tool would allow individuals to find the owner of particular pieces of real property based on address.
Property Development
Property development is the process of developing a given property by improving it. Property developing will often involve getting other parties to build on the property in question so as to improve it. Property development finance is an important part of property developing, as real estate development often costs a significant amount of money.

Eminent Domain
Eminent domain is the power of the state governments to take any land within those states for use in public buildings. Eminent domain does not allow the state to simply seize the land in question, as fair compensation must be given from the state government to the individual who owns the land being seized. Eminent domain can be appealed in court.
Property Developer
A property developer is an individual who develops property, as described above. Property developers are primarily in the business of improving property such that it is more valuable and they can make a profit on that property. Real estate developers might wind up ultimately selling the improved, more worthwhile property to another party in order to make their profit.
Property Rights
Property rights refer to the rights of any given individual owner of the property which he or she owns. The property market inherently involves the transfer of property rights from owner to owner with the property. For example, if one person gave another a piece of hunting property, then the new owner of the hunting property would have full property rights over that hunting property.
Lien on Property
A lien on property is a specific type of interest within a particular piece of property, allowing the individual holding the lien to have some claim to the property in question in order to ensure payment on a debt of some kind. Tax lien properties are properties which were put under a lien for the owner of those properties to pay his or her taxes.

Property Investing
Property investment is the practice of putting money into property for the sake of eventually selling that property and getting profit. Investing in property, where property here means real property in particular, is often a good idea because land and real property generally go up in value over time. Thus, property investments are often a good way for individuals to make money.

Property Portfolio
A property portfolio is simply a way of referring to a number of properties which are either owned or being developed by the holder of the property portfolio in question. A property portfolio might contain property information about each of the properties mentioned within the property portfolio. Such property information would generally just describe the property, its value, and any important features.

Property Consultants
Property consultants are those individuals with great expertise dealing with real property and real estate, who are able to bring their expertise into the matter of real estate sales and purchases in order to assist those individuals who hire them. A property consultant can often help individuals to make good decisions with regard to buying appropriate properties.

Property Brokers
Property brokers are individuals who help facilitate the buying and selling of property by serving many of the important functions within the process of buying and selling real property. A property agent will help to make sure buyers know of a property on the market on behalf of sellers. Property dealers and realtor agents might also help a buyer to find appropriate properties that are being sold. It is possible to sell a no agent property as well, however.
Property Owner
A property owner is the individual who holds title to a given piece of property. Property ownership comes with many rights and powers granted with regard to that piece of property. There might be multiple property owners in some cases, when the rights of property ownership are split between multiple individuals instead of being invested in a single property owner.
Property Preservation
Property preservation is the practice of preserving and securing a house which has been put up for foreclosure. Because an individual is losing his or her own land in such an instance, he or she might not take the care necessary to keep that land well-kept or safe, and might simply leave. In such a case, then, property preservation refers to making the property as secure and well-kept as possible.

Rent Property
Renting property is a viable option both for those who are not looking to buy property, and for those who are not looking to sell property. For an owner, putting up properties for rent is a good way to make some profit from the properties, without giving them up, though there are drawbacks. For a renter, looking to rent property will ensure lower costs than buying a property, but in the long run, costs may actually be higher.

Sell Property
An individual with full ownership rights and title to a piece of property can sell property, as the ability to sell property is one of the fundamental rights afforded to property owners. Selling property, particularly selling real property, can sometimes be a difficult and time consuming course of action because of the number of steps involved, but it may ultimately supply the owner with profit for a property he or she would not have otherwise used.

Property Title
A property title refers to the group of rights held by the owner of a piece of property. Property title is usually embodied in some form of documentation, and the transfer of property title must be registered with a government agency. This is significant because a property title search can be conducted through this publicly available information.

Property Marketing
Property marketing refers to the twofold practices of both preparing a property for sale and making sure that the sale status of the property is readily known in the important spheres. Property marketing is often conducted by a realty agent.

Property Prices
Property prices are determined based on a number of different factors. These factors which influence property prices include, in the case of real property, the location of the real property, the quality of the real property, the repair of the real property, and any special features of the real property.

Property Site Inspection
A property site inspection is an inspection of a particular property site, so that an individual could get a firsthand look at the property in question. A property site inspection of land property might be conducted by government officials, or it might be conducted by an individual attempting to examine a house for the first time.

Property Damage
Property damage is any damage to a property which might have been caused by another individual or by nature. Property damage could include superficial damage to the property, or it could include property damage that reduces the functionality of the property.

Loan Against Property
A loan against property is a secured loan in which the real estate property of the borrower is used as collateral in the loan, in order to ensure that the lender will receive payment on the loan. A loan against property is often easier to get than a loan that is unsecured against property.

Property Listings
Property listings are descriptions of property which may be easily accessible through certain sources on the web or in magazines and other publications. A property listing will generally be put up by either a realty agent or by the property owner him or herself.

Property Solicitors
Property solicitors are often property lawyers who assist in the transfer of a property from one party to another. Property solicitors might help draft the exact contract to allow for the transfer of property. Property solicitors are not absolutely necessary for real property transactions.
Property Revaluation

Property revaluation refers to the practice of revaluing property according to new updated standards, including the market of the area and any improvements that might have been made to the property. Property valuation and property revaluation are most often performed in order to determine the correct amount for taxes.
Real Estate Values
Property values are determined by a number of factors, with the fair market value of any property being the baseline property value for any property. Real estate value might be modified by such elements as the exact location and the nature of the recent economy, as real estate values are somewhat dependent upon the values of recent purchases.
Property Exchange
A property exchange would involve an exchange of properties instead of a selling and buying of properties. Parties involved in a property exchange would simply exchange titles of their properties, and would thus avoid some of the tax costs associated with buying and selling real property.

Property Records
Property records are generally available in a number of different locations, with the most public property records available through numerous property records search tools.
Rural Property
Rural property is property which is located out in the rural areas of America. Rural property is also sometimes known as farm real estate, because a great amount of rural property is considered to exist in the farm oriented sections of America. Rural property for sale will vary in cost and availability depending upon its exact characteristics and proximity to cities.
Unclaimed Property
Unclaimed property is property which has not been claimed within a particular reasonable time period, thus leading to the government taking possession of it. In terms of real property, most abandoned property does revert to being held by the government, instead of simply standing without any kind of owner or holder.
Foreclosure Property

Foreclosure property is property which has undergone property foreclosure, most likely because the owner of that property failed to make a payment on a loan or as an appropriate part of the deal for that foreclosed property. Property foreclosure is used to sell the property and make back some amount of money from the loan, though foreclosure properties may also be interesting for an individual who is looking to make a purchase of a property.

Bank Owned Properties
Bank owned properties are those properties which were put up for foreclosure auction, but which did not sell, and thus which defaulted into the possession of the bank. A bank is responsible for all the maintenance with regard to the bank owned property while it is bank owned. An individual might be able to purchase bank owned properties for less than he would normally, though this is not guaranteed at all.

Historic Properties
Historic properties are those properties which may be very old, or which may have some played some important role in the history of the era. In general, historic properties are treated the same way as are any other kind of properties, as the owner has full rights to these historic properties. A Council interested in historic properties might choose to buy these historic properties and turn them into council properties in order to prevent any further damage to these council properties.
General Growth Properties
General Growth Properties is a company which spends money investing in income property, meaning that it invests in properties which will then continue to make it income in some capacity.

Luxury Properties
Luxury properties are properties which are designed to be luxurious and accommodating, and which often have price tags over one million dollars. A vacation property is particularly likely to be counted among luxury properties as a consequence of many vacation home areas having much greater costs for real estate.

Repossessed Property
Repossessed property is property which has been taken back by the party that technically has ownership rights to the property, as a result of the former possessor not fulfilling his or her part of a deal. For example, a car might become repossessed property when the driver fails to pay his or her lease.

Public Property
Public property is property which is not owned by any particular party or individual owner, but is instead owned communally by the public. Public property is normally held in trust for the public by the government, which then keeps public property records with regard to all the public property it manages.

Private Property
Private property is property, be it real property or personal property, which is owned entirely by one individual or party, such that that part has all the rights to conducting private property sales and private property rentals with regard to that piece of real or personal property.

Shared Ownership Properties

Shared ownership properties are properties in which ownership is split between a number of different owners, who each own some percentage of shares of the total property. Each of these property partners thus likely has a decreased burden, but a decreased amount of rights and benefits with regard to the shared ownership properties.

Community Property

Community property is property that falls under a particular principle regarding marriage. Under the principle of community property, any properties which a married couple obtains during the course of a marriage are considered community properties, and belong equally to both parties in the marriage.

An Overview to Property Law

An Overview to Property Law

Property law is
law governing the ownership of property, and the transfer of that property.
Property laws specifically deal with the concepts of real property and personal
property, which are kept distinct from one another in terms of how the property
law treats them. Real property is immovable property, such as land, buildings,
and other edifices. Personal property, on the other hand, is movable property,
such as personal possessions which are easily exchanged, for example. Property
law is in general centered on individual property rights and the protection of
those rights. Specifically, then, property laws are designed to ensure that an
individual who owns a given object has full rights to do with that object as he
or she pleases, assuming that doing so will not harm either another individual
or another individual’s property. Property law is primarily oriented outwardly,
towards the forms of property which were mentioned above, as one’s rights to
one’s own body are considered personal rights, instead of property rights.
Property laws also govern the rights of a property owner in giving that
property to another, and the rights of individuals to lay claim to a given
piece of property after particular arrangements have been reached.

Property law of the modern world is complicated even further by the developing
body known as intellectual property law, which deals with one’s property over
ideas and concepts which might not have any kind of physical instantiation.
Intellectual property laws are becoming ever more important to the functioning
of the world and the world economy as the Internet becomes more prevalent in
societies across the face of the earth.

What Does it Mean to Buy Property

What Does it Mean to Buy Property

Buying property is, in its most basic form, a relatively simple affair. The buyer would exchange some other form of property or money with the seller in order to obtain property rights to the property in question. This is the core basis of buying property. The exact rules, however, may vary depending upon the situation, the type of property being bought, and the financial status of the individuals on either end of the transaction.
For instance, the process of buying property in Argentina would be different from the process of buying property in America, or buying property in France, as the exact laws of those nations would all have some influence upon the process of buying property in those nations.
Most often, these differences are pronounced when an individual wants to buy property of a real property nature, as opposed to personal property. Real property is property which is immovable, such as a building, or a piece of land. To buy real property often costs significantly more money than does buying personal property, and it may be a more rigorous process.
In America, to buy real property, one must get in touch with the appropriate seller. Sometimes, the seller is the owner of the property him or herself, but often enough, a seller will sell through an agent. For instance, in the case of real estate, someone looking to buy property might have to go to the agency that was helping to sell that property, as opposed to going directly to the owner of that property. A potential buyer might also have to consult with a bank in order to secure a loan for the funds necessary to buy property of such a costly nature, as well.

Special Administrator Role Defined

Special Administrator Role Defined

Within the context of real property laws, a special administrator is an individual that is appointed by the appropriate court with jurisdiction over situations or concerns involving wills. Special administrators are responsible for administrating issues involving the courts in regards to an estate during the probate process. Special administrators will often times specialize in particular aspect or concentration of real property. 
A special administrator can be an expert in automobiles or art, and such expertise will allow this kind of special administrator to administer the probate in relation to the deceased persons property under such categories. In some cases, special administrators may often be required to take care of an entire state. However, this only typically occurs under specific or emergency situations. In such a case, the special administrator will have the sole responsibility of overseeing and maintaining the overall estate and will typically not be involved in the probate process of the will. 

Mechanic Lien At A Glance

Mechanic Lien At A Glance

A mechanic lien can be used for personal property; in fact, all mechanic liens are in utilized in reference to personal property. 

What is a Mechanic Lien

A mechanic lien is a lien placed upon an item by a service person who has been contracted to perform repairs or modifications with regard to the item in question. Due to the fact that the service industry is a commercially-based industry, by default, a mechanic lien can only be placed on personal property.

The Validity of a Mechanic Lien
In order for a mechanic lien to be instituted with regard to personal property, a written – or expressed – contract must exist, which states the nature of the personal property in question, the nature of repairs needed, and an estimation of fees associated with the repair. Without an expressed and legal contract, a mechanic lien cannot be placed upon any personal property regardless of the status of payment.

Who Can Acquire Abandoned Property?

Who Can Acquire Abandoned Property?

Every state has established different laws and regulations regarding abandoned property. Generally, when property is abandoned by its rightful owner, it must remain unused for a specified period of time, before the government is permitted to acquire control of the property. In most instances, this period ranges from 3 years to 5 years. During the period of inactivity, banks, landlords, and insurance companies must work to locate the absent owner. 
If the owner is located, he/she must be informed of his/her rights and responsibilities regarding the maintenance of the property. If the property is not successfully returned to its lawful owner by the expiration of the inactivity period, the property will be seized by the abandoned-property department located within the state. The owner of the property will no longer maintain ownership rights to the property. The property will subsequently be controlled by the state government.

The Fast Facts on Land Ordinances

The Fast Facts on Land Ordinances

A land ordinance was a law that firmly established a plan for surveying and selling federally owned lands in a specific area. Throughout history, the United States Federal Government has passed three land ordinances (1784, 1785, and 1786) to further expand the country's federally owned land. 
The land ordinance of 1784 called for the land west of the Appalachian region, specifically north of the Ohio River and east of the Mississippi River to be divided into separate states. Through this action, the land became organized and states evolved into separate entities. As a result of a land ordinance, the country divided regions and instituted governments based on the divided lands. 
Although the lands were still under federal law and a part of the United States, they maintained individuality through the institution of land ordinances. That being said, a land ordinance did not define the mechanism by which the lands would become entities or states, or the territories governing bodies would be established, the ordinance simply created the physical boundaries for which states could be established. 

Where To Find Antique Maps

Where To Find Antique Maps

Antique maps can be located from a number of possible sources. As such, an antique map may be located in-person, at a physical facility, or through a website or online service. Antique maps might be found at an antique shop. In addition, the proprietor of an antique shop who does not have any antique maps onsite might be able to assist the antique map hunter by ordering one from elsewhere. 
Antique maps also might be found at an art gallery or listed in a catalogue as being potentially available through an upcoming auction. Possibly depending on the antique map hunter’s proximity to a major metropolitan area, antique maps might be most easily found at an art gallery or antique shop specializing in antique maps. Alternately, a wide array of antique map options might also be located online.

What are Property Consultants

What are Property Consultants

Property consultants are individuals who may be able to assist someone who is looking to buy, sell, or rent a given property. A property consultant might be able to help a private individual looking to do any of these things with regard to a particular piece of property, or he or she might also perform this service for a larger company that might be looking to buy, rent, or sell a given property. 
Most often, a property consultant is necessary because the individual or company interested in buying, selling, or renting a given property does not in itself have the necessary expertise or experience to be able to get the best deals regarding that property without assistance. 
Property consultants will always be external help brought in to assist the buyer, seller, or renter with their expertise. Property consultants are generally available all over the entire United States of America, as individuals everywhere might need the services of a property consultant in order to get the best deal for a particular property.
An individual attempting to sell a property would likely pay a property consultant or property consultants with some percentage of the total sale of the property in question. This means that property consultants would have it in their own best interests to ensure that an individual would sell the property for the best possible price, as it would ensure that the property consultants themselves would get the best possible payment on the sale.

What You Must Know About Property Brokers

What You Must Know About Property Brokers

Property brokers are those individuals who help others to buy or sell real estate property. They act as agents for their clients, performing the search for property to buy, or for buyer to whom they could sell, in their clients’ steads. A property agent, as an agent for his or her client, is afforded certain legal powers with regard to that client, depending upon the initial contract which established the agent status of the real estate broker. 
Realtor agents are required to act in the favor of their clients, as acting in their clients’ disfavor would revoke their agent status, but they can make deals and contracts for their clients, assuming that the initial contract gave them such power. Property brokers are separate from real estate salespersons, in that property brokers are often better trained and better educated than a real estate salesperson might be out of necessity. 
Furthermore, as mentioned above, the agent status of realtor agents and of a property agent is significant legally in terms of that agent’s responsibilities and powers. For example, property dealers officially acting as agents must divulge on whose behalf they are acting, whereas someone selling with no agent property salespeople might not be able put the same responsibility on those salespeople.
It is entirely possible to sell one’s own property without the help of property dealers. Selling no agent property is often more difficult than it is selling that same property with the help of property brokers, however, as the no agent property would be entirely left up to the owner to sell. 
This means the owner, who might not have the requisite experience, would not only have to set his or her own price correctly, but he or she would also have to find buyers on his or her own, and then manage the negotiations and deal making on his or her own. This is why no agent property sales are generally not as recommended.