What are legal and equitable estates? Legal Title A legal title describes the obligations and duties an owner has to uphold, utilize, and manage a property. The ownership of the property is determined by itsWhat are legal and equitable estates?
Is Conversion Law only applicable in property and civil cases? When someone “converts” an asset, they restrict access to and management of the asset for the legitimate owner. When money or assets are transferred, theIs Conversion Law only applicable in property and civil cases?
Can a contract prohibit something that is legal? It is entirely possible to make and enforce a contract that forbids you from doing anything that is within your legal rights. One illustration would be aCan a contract prohibit something that is legal?
What is a commercial property loan? Commercial property is revenue-earning real estate used for commercial purposes. Commercial property loans, which are mortgages secured by liens on commercial property, are often used to finance the purchase,What is a commercial property loan?
Why are commercial real estate loans non-recourse? A non-recourse commercial real estate loan does not give the lender any recourse against the borrower’s personal assets. If the borrower fails to make a payment or violatesWhy are commercial real estate loans non-recourse?
How is “in default” different from a breach in contract law? There isn’t much of a difference between a breach of contract and a default in general legal terminology. Both signify that one of theHow is “in default” different from a breach in contract law?
Can my commercial lease be voided if the property is sold? When a commercial building is sold, the tenets do have a list of rights that will often protect them from eviction. Usually, the actCan my commercial lease be voided if the property is sold?
Can a landlord keep a deposit if a tenant breaks the lease on a commercial property? In most situations, you must give your landlord 30 days’ written notice if you are the tenant and planCan a landlord keep a deposit if a tenant breaks the lease on a commercial property?
When does a commercial lease get voided? Leasing agreements may be void simply due to illegitimate terms. A contract that has been voided is said to be void “on its face,” which means that noWhen does a commercial lease get voided?
