Aproperty easement is an agreement reach between two parties over its use. The owner grants an easement to another party to use the land for some designated purpose and period. A general understanding of the benefits and drawbacks of easements will help investors better understand if they can be used to provide income for unused land. Some feel that easements are a harmless way to draw income, but others feel that they diminish a [...]
The Woodall Law Firm PLLC understands that purchasing property is not always simple. Property, as with any other investment, should be done only after extensive research. The more research done often means a better investment decision will be made. Real estate and property are not as liquid as some other investments, meaning it can take time to sell in the event a bad decision is made. That’s why it’s critical to know things like [...]
Alot of commercial property owners use renter insurance to protect their property from damage or neglect. A lot of renter’s insurance policies excludes all coverage during vacancies. Unfortunately, the policies often fail to specifically define vacancies with any length of time or what exactly constitutes a vacant property. The confusion often leads to litigation when there is a difference of opinion between owners and insurance companies over whether a property was truly vacant. Insurance policies [...]
Full disclosure is a key component of business transactions. When it comes to property deals, disclosure is vital. Most real estate transactions include a full disclosure requirement meaning all details of the deal are truthful and forthcoming to the best knowledge of the parties involved. Special emphasis is placed on disclosure of any items that would cause the other party to withdraw from a deal. A business attorney can help make sure full disclosures [...]
