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A leasehold, or lease, is an interest in real property that grants possession for a particular duration. The lease can last for one year, can last for many years, can be week-to-week, or can be.
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Fee Simple vs. Leasehold Most people are only familiar with one type of real estate ownership; fee simple, also known as freehold. It is important to know the difference between fee simple and leasehold, especially if you’re buying real estate in a leasehold state such as Hawaii along with a few other states in the.
In a life estate, two or more people each have an ownership interest in a property, but for different periods of time. The person holding the life estate — the life tenant — possesses the property during his or her life.
If the estate is independent, the transfer should be made not by a deed but by a document with two parts: A Notice of Probate, stating that the property owner has died and giving information about the estate. A Release of Estate’s Interest in Real Estate, showing to whom the real estate goes.
In his Real Estate securities column peter Fass discusses the IRS's proposed regulations which provide guidance on the interest deduction.
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Commercial real estate loan rates vary widely depending on which type of lender you work with. Most commercial loans these days are made by banks or hard money lenders, which gives options for those with great credit and those with lower credit.
But a breakthrough collaboration between the University of New South Wales (UNSW) and a range of government and industry partners in Australia, could revolutionize the way real estate assessments are.
This week, we look back at four of our featured listings from six months ago, focusing on homes in Bed Stuy, Brooklyn Heights.
Life estate deeds work by dividing the property into two types of interests. One interest is measured based on the owner’s lifetime and is called a life estate. The interest that passes at the owner’s death is called a remainder or remainder interest. The life estate and remainder interest are then transferred to different owners.
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