Leasehold estate

“What Is Home” What is home? If you look up the definition of the home it would come out to be, Home is a permanent place where one lives. Nevertheless, the definition of a home goes much beyond its visible description. A home is the place where you not only feel comfortable, but the place you look forward to living in every day. It surrounds you with a community that will always be there for you. A home is a place that makes you nostalgic if you are gone for long periods of time. A home is not…

let’s us take a look at how the updated revenue recognition standard will impact the real estate industry. In the real estate sector, contracts with customers entails various services. Under the new standard, entities in this sector will need to determine whether these services should be treated as a separate contract. The identification of performance obligations can be complex as well for the real estate sector. Below is an example about the identification of performance obligations (EY, 2015,…

Constructive Eviction and the Implied Warranty of Habitability Steve has several causes of action. This particular jurisdiction recognizes constructive eviction which “occurs when residential rental property is in such disrepair or when a condition exists on the property that makes it extremely impossible or difficult to live there. The property is then said to be “uninhabitable”. (Constructive Eviction, n.d.). Because of implied warranty of habitability that requires landlords to keep their…

The major focus is based on the Landlord's application to terminate a tenancy and evict the Tenant due to the reason that the Tenant or another occupant of the rental unit has: 1) committed an illegal act or has carried out, or permitted someone to carry out an illegal trade, business or occupation in the rental unit or the residential complex involving the production of an illegal drug, the trafficking in an illegal drug or the possession of an illegal drug for the purposes of trafficking; and…

Rental homes really only need to be painted every four or five years. In between tenants, a good cleaning and a good once-over with the Magic Eraser will take care of most of the scuffs that the walls endure. But when you do repaint, what color should you reach for—your favorites? White? Trendy colors? Experts say no. In fact, if you learn a little about the psychology of color, you can use the touch up in your favor and maybe even get your rental property rented faster. Here are the basics:…

One of the biggest questions that many people are asking is should I buy a house? This is a very good question to ask. There is an ongoing debate on rather buying a house is better than continuing to rent one. Consider the stability, freedom, and now the affordability that buying your own house can bring. In most cases it’s more beneficial to buy a home instead of renting one. If you have ever considered buying a house, I’m going to tell you why you’re on the right track. Buying a…

5 things to consider prior to buying St George Utah Townhome If you are looking to invest in St George Utah real estate; give a thought to buying a Townhome. Townhomes, like condos, are common interest developments. However, the neighbors not only share the street name, but their properties are also entwined. They are most commonly referred to as row houses as they share a common wall and in some cases, they also share a stretch of rooftop with adjacent properties. However, prior to buying…

Roaches seem to be the number one pest of apartment homes. They are a major problem when it comes to pest control because it takes a lot of work to get rid of them. Yet, having roaches can be frustrating, embarrassing and even hazardous to your health. Some people do not have any other option than to live in an apartment community that is being overrun with roaches. There is a lot they can do to address the problem. Read on to learn more about roach pest control for renters. If you choose a…

you find … that there was no oral agreement to reduce a portion of the rent or that the rent is not a valid contract, then you must find that Dr. Kennerly’s rent obligation was not reduced.” D-2. 10. As to the paragraphs of P-11, Kennerly agreed to the interrogatories: As to ¶ 1 Court: … P-11. You all are stipulating that Biloxi HMA and Dr. Kennerly entered into a lease contract for the lease of the medical office building; correct? Mr. Barber: Yes. Court: Yes? So I can just check yes…

A tenant also has the right to a covenant of quite enjoyment, which entails the landlord will not interfere with tenants use and enjoyment of the property. (Business Law, 1148) Based upon those rights and obligations, Sam’s landlord does have grounds to evict on the basis of Sam interfering with another tenant’s enjoyment. Sam, who was in the process of inventing a new barking device, failed to abide by the conditions of the lease agreement regarding individual matters pertaining to one’s…