| Residential Real Estate Contracts |
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| When buying or selling real estate, a contract must be drawn up between the buyer and the seller. In order to satisfy the requirements of the Statute of Frauds, the contract must be in writing and signed by the parties. Ordinarily, the contract consists of a blank form that is provided by the seller's broker, but an attorney may also draw up the contract. Other times, the seller will draft the contract himself or herself. The responsibility for drafting the contract may vary from one location to the next, depending on local custom and statutes. More... |
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| Possession |
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| An owner of property retains ownership of that property even though the owner has lost or misplaced the property. However, anyone who finds and possesses the lost or misplaced property retains a right to possess it against everyone except the true owner.
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| Fences - Maintenance of Boundary Fences |
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| Many properties, particularly residential properties, have boundary fences on at least one side. Generally speaking, the neighbor who erects the fence has the responsibility for maintenance; however, if an adjoining neighbor uses the fence as a boundary fence (perhaps, by erecting fences on all other sides), then the neighbor has some responsibility for the fence, as well. The issue is largely governed by state and local law. More... |
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| Real Estate Investment Trusts |
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| A real estate investment trust, also known as an REIT, is a type of investment opportunity. More specifically, shares in REITs are considered a type of real estate security. More... |
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| The Statute of Frauds |
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| A "statute of frauds" refers to a statute that requires certain types of contracts to be in writing and signed by all parties in order to be enforceable. The matter is largely one of state law and state law varies from state to state. More... |
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