Real property law

other items such as food and heat. Many people also worry about the maintenance expenses. If one were to own a home they would have been responsible to fix all of the property damages such as a pipe leak, but instead if you rented a home, all you have do is call the landlord and you would be able to ask the landlord to fix the property. From doing so, many people feel relieved when they can just pass the job that needs to be done because they feel that maintenance is a pain. (Smith, n.d.) When…

The Power of a House In the 1950s, in America, the definition of American dream changed as homeownership became an essential part of it. This still stands true today as many immigrants dream of one day saving enough money to buy a house for their family. Through the years, a house has become to symbolize stability, comfort, and even happiness. A house is simply a building of habitation but the more time one lives in it, an attachment develops. This attachment can be attributed to the sense of…

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…

Although, renting has some financial advantages like more liquidity, that is to say less money tied up and cash can be utilized more quickly. Less expenses, your landlord is generally responsible for property maintenance. There is no need for a title search, which is used to ensure that property ownership can legally take place. While the financial benefits of owning your home are it is a huge asset and can be lived in, rented out or sold. This asset can be taken advantage of through a home…

The American Dream has taken on new interpretations for each generation. Each interpretation is directly related to the economy at that particular time. When you ask is home ownership still a part of the American Dream I would have to say the term “ownership” is what has changed. My grandparents owned two homes in their lifetime in which they raised their family. The first was a starter home, then once they had established their careers they built their dream home. The neighborhoods…

feel they are ready to make that big purchase. It’s just about everyone’s dream to own their own home. There are so many people who save their money, clean up their credit and get denied when they go to try and purchase a home. When you rent property to own you already know the person you’re renting from. You have established a good relationship with this person and they are helping you to better yourself and do something nice for your family. There is nothing wrong with renting to own. You…

The Lingering Effects of the Foreclosure Crises and Lack of Self Discipline I am not a real estate or financing expert – I am an average thirty-something year old trying to make my way through the debris left in the wake of the most recent foreclosure crises, and an economy that was at best in a deep recession and at worst on the cusp of a depression. Exacerbating the overall environment were banks giving non-prudent loans for more than the houses securing the loans were worth, and then being…

mishaps has my credit score pretty low at the moment. And yet, I would like to have a home of my own one day. It will take some time to clear the accounts that are weighing me down but at least I know what I have to do to fulfill my dream. The current real estate marketlets discredited clients know that the door is not completely closed on their future. Having a terrible credit rating does not mean you have to quit on your potential to have a house. Once someone is able to rebound from…

GOVERNANCE OF THE STRATA CORPORATION: As per the Strata Property Act, the first Annual General Meeting will be held once 50% + 1 strata lots have been conveyed to the new owners. At the meeting a strata council will be elected among the owners. We shall assist the Owners and the Strata Council in maintaining a quality and desirable residence, and to ensure that the concerns and…

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…