TASK 2 a) ESTATE b) INTERESTS
1/ PV711/235 This is a Fee Simple Title which means the the property is owned by only one person as shown in the register. - The title shows that the Land is mortgaged to Westpac which means that there is an obligation Fee Simple is freehold estate which is the highest form of ownership because the owner can do whatever he on the part of the owner of the land to secure repayment to Westpac. chooses to do with the land so he has all the rights/privileges to the property, whether to build, subdivide, lease, to gift, - It is also shown that there is a variation on Mortgage which means that there were some mortgage, etc. in an infinite period of time. amendments done on the mortgage contract which maybe change in the interest rate If the owner dies, he can pass ownership to another person by will or inheritance. or loan amount . - This title also has an easement pertaining to right of way and sewerage drainage and water drainage and this means that the owner should give access to drain, discharge, and convey sewage and drain water through the easement facility and over the land specified in the Easement certificate.
2/PV127A/487 This is a Cross Lease Title which is a composite estate wherein there is a freehold and leasehold interest on the property. - There is a Building Line Restriction which is a memorial/interest in
Subject to all restrictions, reservations conditions and exceptions as set forth in deeds forming the chain of title.
BEING the same premises conveyed to the Grantors herein by deed of Mo Wells, et al., dated May 3, 1964, and recorded in the Lackawanna County Recorder of Deeds in Deed Book 810 Page 233.
The agreement did not include any personal property, but it did cover: " All buildings, plumbing, heating, lighting fixtures, storm sash, shades, blinds, awnings, shrubbery, and plants". The purchasers took possession on June 14, 1946, and discovered that certain articles which had been on the premises at the
“The reasonably probable legal use of vacant land or an improved property that is physically possible, appropriately supported, financially feasible, and that results in the highest value”.
There are a few meanings for the word “vacant possession”. The first meaning is that vendor will conveyance purchaser a property free of tenancy or right of occupation. The second meaning is that the property will be physically vacant. The third meaning is giving title to the
Tenants by the entirety is a form of holding property that is specific to married couples. True
certain amount of land. This land was then valued at a price and depending on that price the
The landowner is allowed to receive “just compensation” for their property, meaning the landowner is paid for the taking of their real
The owner has possession of full faculties and is willing to enter into contracts with a clear understanding of all that is involved in the issuance and acceptance of said contract.
Satisfaction of the first element requires the identity of the parties to be bound. Purchase Nursery, Inc., 568 S.E.2d at 907. Here, Mr. Massey as the landowner with YTNH (represented by Mr. Bennett) as the tenant of the property.
Subject to all restrictions, reservations conditions and exceptions as set forth in deeds forming the chain of title.
In order to satisfy the possession requirement of the landlord-tenant relationship, the transferred interest in the leased property must be one that the owner is legally capable of possessing now or in the future. A nonpossessory interest in land that is incapable of ever becoming possessory, such as an easement, cannot be the subject matter of a landlord-tenant relationship, although it may be the subject matter of an arrangement that is similar in certain respects, such as its duration.
In regarding the Grant Deed, the Assessor Recorder Clerk needs the original Declaration of Pamela Butter that you sent to us. (Please find the attached).
| A deeded easement of right-of-way over the land of another is considered to be:
Title Company – Protects against future title claims and ensure that the home has a free title in order