| Common Areas |
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| With various forms of property ownership, including condominiums and timeshares, property owners become liable for common area maintenance fees. Such fees vary widely from property to property. In fact, common area maintenance fees can be quite expensive. Hence, it is an important area of consideration for all property owners and prospective property owners. More... |
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| "As is" Clauses in Residential Real Estate Contracts |
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| Generally, a seller has a duty to disclose known material defects and to provide a good faith answer to questions about other defects. When preparing the residential real estate contract, the broker may insert a clause, stating that the buyer agrees to purchase the property "as is." More... |
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| Self-Help Remedy for Encroachment by Neighbor's Trees |
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| A property owner may cut back branches and roots that stray onto his or her property. The right of self-help, as it is called, is not found in state law; however, it derives from the common law. More... |
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| Pre-Closing Occupancy |
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| In the real estate market, it is not uncommon for a buyer to ask for permission from a seller to move into a house prior to closing. It may be that the house involved in the transaction is vacant. It may also be that the buyer has sold his or her house and needs to vacate the old house prior to the closing on the new house. More... |
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| Water Damage -- When a Property Owner Is Liable to a Neighbor |
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| The issue of a property owner's liability for water damage is largely a matter of state law. However, a property owner is not liable for things he or she cannot control. More... |
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