| Home Warranties |
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| In today's real estate market, it is not uncommon for either a buyer or a seller to purchase a home warranty. Such warranties usually cover appliances, as well as the systems within the house, including heating/air conditioning, electrical, and plumbing. Typically, the cost ranges from $350 to $500 for an average home.
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| Tax Liens |
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| A tax lien is a mechanism that is available to a taxing authority to insure the payment of taxes. With regard to real property, a tax lien may arise when a property owner fails to pay the taxes that are due on a property. A tax lien constitutes a cloud upon the property owner's title to the property. More... |
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| As-Is Clauses in Real Estate Sale Contracts |
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| In today's white-hot real estate market, more and more sellers are listing there properties for sale "as is." What does this mean to a prospective buyer? When a seller indicates that a property is being sold "as-is," the seller is essentially offering the property on a take-it or leave-it basis.
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| The Rule against Perpetuities |
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| The Rule against Perpetuities: No future interest is valid unless it can be shown that it will necessarily vest, if at all, no later than 21 years after some life in being at the creation of the interest.
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| Nonconforming Uses, Conditional Use Permits, and Variances |
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| Zoning ordinances enforce or develop a comprehensive plan to divide property within a governmental entity's borders. The ordinances restrict a property owner's use of his or her private property so that the public's health, safety, and welfare are protected, maintained, and developed. Zoning ordinances affect the structures that already exist within the governmental entity's borders at the time the ordinances are enacted. More... |
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