Seller Financing OR Land Contract?
Seller Financing OR Land Contract? Alternative methods for financing property purchases may lead to the consideration of land contracts and seller financing, each presenting different approaches. A land contract involves the seller retaining property title until the buyer fulfills payment obligations, whereas seller financing typically entails the buyer securing a mortgage directly from the seller, […]
Full Service/Gross Lease VS. Triple Net (NNN) Lease
Full Service/Gross Lease VS. Triple Net (NNN) Lease Understanding different types of commercial real estate leases is crucial for both landlords and tenants. Two common types of leases that often arise in negotiations are the Full Service/Gross Lease and the Triple Net (NNN) Lease. Let’s explore the main differences between these two lease structures and […]
Factors That Attribute to Commercial Property Appreciation
Factors That Attribute to Commercial Property Appreciation Commercial properties can appreciate in value due to various factors, and the extent of appreciation can depend on market conditions, location, property features, and overall economic trends. Here are several factors that contribute to the appreciation of commercial properties: 1.) Market Demand – High demand for commercial […]
What Can Cause Commercial Properties to Depreciate?
What Can Cause Commercial Properties to Depreciate? Commercial properties can depreciate over time due to a variety of factors. Depreciation is the decrease in the value of an asset over its useful life. For tax purposes, commercial property owners can claim depreciation as a deduction to recover the cost of the property. Here are a […]
Adverse Possession: Can Someone Take Your Property?
Adverse Possession: Can Someone Take Your Property? Adverse possession is a legal doctrine that allows someone to acquire ownership of another person’s property through continuous possession and use, without the owner’s permission, for a specified period of time. In the state of Arizona, adverse possession verbiage can be found in the Arizona Revised Statutes.(laws and […]
Land Descriptions | Metes & Bounds + Lot & Block + Govt Survey
Land Descriptions | Metes & Bounds + Lot & Block + Govt Survey The three primary types of legal / land descriptions used in real estate are metes and bounds, recorded plat (map), and rectangular survey (government survey). Each serves a specific purpose and is commonly employed based on the location, size, and context of […]
What is an Easement? + Servient & Dominant Tenement’s
What is an Easement? + Servient & Dominant Tenement’s Easements refer to the legal right to use another person’s land for a specific purpose, without possessing it. These rights are often granted in the form of a written agreement or recorded in property deeds. There are several types of easements, and they can impact how […]
What is a Topographic Survey?
What is a Topographic Survey? A topographic survey in commercial real estate is a detailed and accurate representation of the physical features and contours of a piece of land. This type of survey provides a three-dimensional map that illustrates the elevation, slopes, natural and artificial features, and other relevant terrain details. Topographic surveys are crucial […]
What is a Boundary Survey?
What is a Boundary Survey? A boundary survey in commercial real estate is a detailed examination and measurement of a property’s legal boundaries and physical features. It involves a professional land surveyor using various tools and techniques to determine the precise location of property lines, corners, and any encroachments or easements affecting the property. Here […]
What is an ALTA Survey?
What is an ALTA Survey? An ALTA survey, short for “American Land Title Association” survey, is a detailed and comprehensive type of land survey commonly used in commercial real estate transactions in the United States. The purpose of an ALTA survey is to provide title insurance companies and lenders with detailed information about a property’s […]
