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However, if the tenant pays more or less than market, the residual owned by the leased fee holder, plus the market value of the tenancy, may be more or less than the fee simple value. Leasehold value – The interest held by a tenant. If the tenant pays market rent, then the leasehold has no market value.
During a home insurance inspection, inspectors generally use the 4-point inspection method to evaluate key areas of the home. This 4-point home inspection focuses on the following: Roof
A mobile home marketed as a holiday home. Mobile Homes or Static Caravans are popular across the United Kingdom. They are more commonly referred to as Park Homes or Leisure Lodges, depending on if they are marketed as a residential dwelling or as a second holiday home residence. Residential Mobile homes (park homes) are built to the BS3632 ...
To help bring about a broader understanding among the general public and market the concept, a few home inspection companies have come together and formed the Home Inspection Association of India. [3] After RERA came into effect, the efficacy and potency of home inspection companies has increased tremendously. The majority of homeowners and ...
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Home equity is the market value of a homeowner's unencumbered interest in their real property, that is, the difference between the home's fair market value and the outstanding balance of all liens on the property. The property's equity increases as the debtor makes payments against the mortgage balance, or as the property value appreciates.
A bona fide purchaser (BFP) – referred to more completely as a bona fide purchaser for value without notice – is a term used predominantly in common law jurisdictions in the law of real property and personal property to refer to an innocent party who purchases property without notice of any other party's claim to the title of that property.
Old Market Building, HABS Photo, May 1958. The arched area was used as an open-air market but was enclosed in the early-20th century. A tower topped by a square stage and an open belfry was added. The tower houses a four-sided clock that was added in about 1842. The building has served as a town hall, a jail, an open-air market, and a slave ...