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In real estate business and law, a title search or property title search is the process of examining public records and retrieving documents on the history of a piece of real property to determine and confirm property's legal ownership, and find out what claims or liens are on the property. [1]
Most jurisdictions have now enacted statutes requiring that the finder of lost property turn it into the proper authorities; if the true owner does not arrive to claim the property within a certain period of time (for example, this is defined by the UK's Torts (Interference with Goods) Act 1977 as three months from the date of finding), the ...
The term "bounds" refers to a more general boundary description, the abuttals and boundaries, such as along a certain watercourse, a stone wall, an adjoining public roadway, an adjoining property owner, or an existing building. The system is often used to define larger pieces of property (e.g. farms), and political subdivisions (e.g. town ...
Value-in-use, or use value [2] – the net present value (NPV) [3] of a cash flow that an asset generates for a specific owner under a specific use. Value-in-use is the value to one particular user, and may be above or below the market value of a property.
You are basically subject to the rates determined by the municipal government and these tax assessors that assign property taxes to you based on the current market value of your home and ...
Thus, if Oscar purports to sell a piece of land to Alice for $100,000, and the next day purports to sell exactly the same piece of land to Bob for another $100,000, then whichever of the two buyers is the first to reach the recording office and have the sale recorded will be deemed the owner of the property.
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