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However, a significant defect in many private transfer fee covenant statutes is a provision for property owners to discharge a private transfer fee covenant, (and the owner's liability for an unpaid private transfer fee covenant) merely by filing an affidavit alleging lack of response to a notice, yet neither due process (which requires notice ...
Properties that are sold on the basis of equitable title have a legal chain of title intact, and a recorded transfer with the local municipality. Legal title is actual ownership of the property as when the property has been bought, the seller paid in full and a deed or title is properly recorded. Equitable title separates from legal title upon ...
Whether you’re looking to buy a house to live in or for investment reasons, you may wonder if you can do the transaction via an LLC, or limited liability company, rather than under your own name ...
Examples are those getting the property as a gift and heirs. Also, those who purchase ownership interests in the owners of the property, such as shares of stock in a corporation owning the land, have not purchased an interest in the property itself and so are unprotected. Also, recording laws generally do not protect purchasers against real ...
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