When neighbors agree to property access through a verbal easement it may pose problems for future property owners. The terms of the easement may be unclear and may affect the use of the property. Easements may allow property access but don't change who owns the property. To fully understand a verbal easement it may require hiring an attorney.
A home owner would like to replace their fence and believes the management of the development is obligated to pay one half the cost. They could try sending a letter to the property manager by certified mail (return receipt requested) along with a copy by regular mail. In the letter, they need to make sure to outline the scope of the work and the expected cost.
A home owner with five acres of land wants to divide and sell the land. There is a lengthy process to subdivide your land. The first thing you need to do is find out is the zoning classification for your property. You need to determine the minimum lot size requirements and other zoning restrictions for your property. Your city or village hall should be able to assist you in determining the zoning classification and other zoning requirements for your land. You should probably talk to your local building and zoning department and ask someone to walk you through the process.
A homeowner has a neighbor who is adding a modular rental unit to their lot. The homeowner is worried the rental unit will decrease the value of their home. They might be able to talk to the county building and zoning departments about whether there are any land use restrictions in place for the community.
A family wants to add their daughter, a minor, to the title of their home. Because she is a minor, the daughter cannot own the home directly, but can own a piece of it through a trust, which can be set up through careful estate planning. A custodial account could be set up for the daughter as part of the family's estate planning.
Can you get a refund of property taxes if you overpaid due to your home being misclassified by your locality? It depends on where you live and how long it's been between your overpayment and when you bring it to the county's attention. Even if you can't get a refund of property taxes it may be some solace that you know you'll pay the correct amount going forward.
A foreign student studying in the U.S. considers leaving the country without paying their credit card debt. Doing so will destroy the student's credit history and credit score. To maintain his credit, the student must pay his debts.
When you're selling a condominium or another home, it's best to be totally honest in your seller disclosure. Seller disclosure includes structural problems, including any studies related to them. In determining whether to disclose a problem, you should think about whether the issue has been corrected. If it has been taken care of, usually there's no obligation to include it in seller disclosure. If the problem is a recurring problem even after many attempts to correct the problem, then seller disclosure may be required.
The home office deduction may be available to you if you are running a business out of your home. But what happens when you stop using your home office? How does it affect your capital gains when you sell your home?
