Renting

Now, 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,…

Let’s say one’s group of friend’s are indecisive on a movie. Let’s say one is trying to decide on a mystery, or suspense type of movie, filled with real life situations and crazy plot twists. And also Let’s say one comes across the movie Time Lapse which premiered in 2014. This movie is about a group of friends racing against time, in order to stay alive. Should they keep secrets? Should they inform someone about this mysterious machine? Bradley King (Director) will let one be the judge of…

Property Manager Nature of the Work Property manager is a third party, who is hired to maintain and operate real estate investment such as residential, commercial, industrial, office, retail and/or land on a daily basis (Eberlin, 2016). The property manager needs to ensure that the revenue of the owner’s property is maximized, the costs are minimized and that there is a good working relationship with the property owners and tenants (OREA, 2014, p. 319). The nature of the job consists of…

Advantages Price Term is the cheapest and inexpensive form of life insurance and most people, as long as they have an income, can afford to buy these policies. Even if the person has a large estate, term insurance can guarantee that the estate is not depleted by estate taxes upon the policy holder’s death. Some people may prefer to buy whole life or other permanent types of insurance but the fact is that term insurance is less expensive. Affordability and Value. With term life insurance,…

The issue here is a clash of interest between the Newport Arms (“Newport”), a condominium association, and Samuel Mercal, a resident of the condominium. Mercal is now asserting that his property right to allow people to stay in his unit for $50 per night should not be restricted by the rule in the declaration. The two main arguments by Mercal are: (1) the Board’s rule restricting leases is facially unreasonable and thus unenforceable and (2) even if so, there is no violation on his part because…

A question many homeowners ask is "Do I really need a home warranty?" If you are smart, the answer is yes. Home warranties protect against a number of problems that always seem to arise at the wrong times. Plus, they can end up saving you a ton of money in the long run. Why Is Having A Home Warranty Such a Good Idea? A home warranty offers you protection when you need it most. Appliances break down. Pipes burst. Roofs leak. And these problems can appear at any time. When you have a home…

Doing anything for the first time is always a learning experience. However, when you are buying a home for the first time, you can't really afford to make mistakes. The excitement and pressure of buying that perfect home usually gets to first time buyers, and as a result they often end up making mistakes. The 7 mistakes every first time home buyer must avoid are given below. 1. Choosing A Risky Mortgage Plan Buyers unaware of the intricacies of mortgage plans, sometimes choose a plan that is…

One telecommunication leader is giving customers the option to customize the channel lineup to suit their individual entertainment needs. Verizon Fios Custom TV lets you choose types of channels in a way that cable never has. Instead of overpaying for hundreds of channels never watched, select what types of channels are included in the subscription. This new service debuted in the spring of 2014, allowing customers to essentially build their own channel lineup based on modular stacks of…

Housing affordability and the ability of individuals to acquire accessible, affordable and secure housing is an issue which has provoked many legal and non – legal responses aimed at addressing the issue. Legal responses to housing affordability have been highly effective and include the National Affordable Housing Agreement (NAHA) and the National Rental Affordability Scheme (NRAS), however, also lack in effectiveness to a smaller extent in certain aspects. On the other hand, non – legal…

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…