Property damage

and mortgage meltdown that occurred several years ago affected people across the nation. There are lessons to be learned from the meltdown, and if people remember these lessons it is possible to avoid a similar scenario in the future. Despite the damage that was done to so many lives, there are some silver linings to be found in the aftermath of the meltdown. Additionally, many real estate buyers today are benefiting from the effects of the meltdown and from the lessons that were learned as a…

Good question. Liability protection covering you against lawsuits for both property damage and bodily injury caused by you, family members or even pets is provided by renters insurance. The costs of defending yourself in court and any potential court awards are paid for up to the limits of your policy. When you sit down to determine…

no-cause. Under the Tenant Protection Ordinance (Ordinance), landlords are prohibited from evicting current tenants unless the reasons fall under at least one of twelve criteria, which includes: failure to pay rent, habitual lease violation, property damage, refusal to sign a new lease, causing nuisance, refusing pre-requested apartment access, unapproved subleasing. In addition to these just cause reasons, there are some no-fault just causes that include: significant rehabilitation of the…

for starting a business. In order to have a successful business you are responsible for following the law. Some laws that I’ll be responsible for following are the Patent Law, Copyright Infringement, and Equal Opportunity Laws’. A patent grants property ownership to the person who created the invention/design. The Patent Law “Grants the patent holder the…

estate comparable method sales and capitalization of income methods are used. Capitalization of income method is the common method used for rental properties. Historical cost does come into play if the property recently changed hands, replacement or reproduction costs may be taken into consideration when it comes to the buildings. Regs state that property will not be valued at assessment value for local tax purposes unless the assessed value is fair representation of FMV. Reg. 20.2031-1(b) and…

Innovation and Entrepreneurship Require Strong Property Rights G) Strong legal protection of property rights is another requirement for a business environment conducive to innovation, entrepreneurship, and economic growth. The Required Political System H) In the West, it is often argued that democracy is good for economic growth. However, there are examples of totalitarian regimes that have fostered a market economy and strong property rights protection and experienced rapid…

In order to be able to pay these increased prices landlords felt the need to enclose further property in order to make more money; leading to further loss of jobs and a rise in poverty. This worsened the divide between affluent and impoverished and although the Amicable Grant was discontinued almost immediately it had still done damage by leaving people in concern of losing their livelihood. To counteract the rising food prices and the charging of excess prices…

job is done, it will cause it to plummet. Transition: With jobs from the pipeline being able to both benefit and damage the economy, there are many other factors that could also effect our state financially. The economy is what determines the health of our state. The pipeline could help our state become more financially stable. Dakota Access, LLC is going to have to pay for property taxes where it runs. Farmers will save money this way by not having to pay for that portion of their taxes.…

Some people, after the foreclosure crisis, are scared of buying property. They do not know if they can handle a huge mortgage hovering over their heads. Some people simply don’t like the idea of being committed entirely to a home. So many people are looking into the “rent-to-own” option. They are still paying rent…

declined and this caused a racial transition in the community. The homes were bought by a more mixed population. Russians, orthodox Jews, Asian Americans and few blacks. The homes in Canarsie, still owned by Jews and some Russians, became rental properties, allowing more blacks to move in and significantly changed the racial makeup of the community. Many Jews and Italian moved out of the neighborhood during the 1980s-90s. Currently the community is predominantly African…