A leasehold estate, also called a less-than-freehold estate, gives a tenant a possessory interest in property under a rental arrangement. It does not give the tenant the landlord’s ownership estate. Whether the tenant may assign or sublease that interest depends …
So how do estates work, and what are they? Well, estates can be divided into two different sections: freehold estates and leasehold estates. In this article, we will cover freehold estates. A freehold estate is an estate in which you …
When you hear agents say, “Check out this beautiful house. It’s MASSIVE,” and it’s actually not. It’s called puffing. What is Puffing? Definition: The term puffing refers to “extravagant claims made by sellers in order to attract buyers.” In plain …
Imagine working for yourself in a flexible career where you can set your schedule, be your own boss, and make an unlimited amount of money. Maybe this is why you are here? Perhaps you’ve discovered that becoming a real estate …
If a new highway is built right next to a home, the noise could disincentivize people from wanting to live there. This is an example of Economic Obsolescence. What is Economic Obsolescence? Definition: Refers to the loss of property value …
Imagine owning a home you are pretty happy with. You have a beautiful two-story house in a lovely fantastic neighborhood, but…. Your home is a bit outdated. In fact, all the new homes in the neighborhood and market have at …