Freehold property is any type of property that is free of any hold by any entity other than the owner of the property. It is not subjected to maintenance fees and must only follow the laws and regulations of the area that it is in.Continue Reading
Owners of freehold properties are able to do anything they want with the properties as long as their actions are within the legal limitations. Although a property can be used for many different things, an individual who owns a freehold company must be sure that he is following all the zoning regulations of an area. For example, a person cannot use a freehold property to run a business when the property is only zoned for residential use.
Freehold property is among the property types that can be inherited. When a person inherits the free property, he is able to treat the property in the same way that the previous owner had treated it. Other than local laws, there are no limitations or regulations that a person must follow when it comes to inherited free property. The property is also able to be transferred with less paperwork than a traditional property through the use of a simple sales deed registration of the property.Learn more about Real Estate
Parcel maps include the owner's name and address, the location and size of the property and the parcel number. They also show the deed book, page filed survey and 911 locations for fire departments. Parcel maps designate zoning boundaries and flood planes, and they often show current land use and historic neighborhood designations.Full Answer >
The process of obtaining financial assistance to avoid an eviction should begin with communicating with the property owner. Inquire with the landlord about rent-assistance programs. Some property owners accept delayed payments, and others may forgive a few month?s rent entirely to avoid having a vacancy. Contact local charities and religious-based organizations that provide rental assistance. There may be additional assistance programs available with the State Human Resources Department.Full Answer >
A real estate probate occurs when the owner of a property dies without preparing a will or designating the property to an heir. When this occurs, the property falls under the administration of the state. The state is then responsible for arranging the sale of the property.Full Answer >
"Triple net" is a term used in commercial real estate leasing to describe leases in which the tenant pays additional expenses besides the rent that would normally be paid by the property owner. These include net real estate taxes, net common area maintenance and net building insurance.Full Answer >