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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]
With a clear title, there’s no doubt who the owner of the property is, or who can claim legal ownership of the property. To get a mortgage, lenders require a thorough title search of local ...
Real estate is one field where the chain of title has considerable significance. In real estate transactions in the United States, insurance companies' issue title insurance based upon the chain of title to the property when it is transferred. Title insurance companies sometimes maintain private title plants that track real estate titles in ...
Also in April 2015, the company signed Skadden Arps to be the anchor tenant at One Manhattan West, a 2.1 million square-foot office tower in New York City. [23] In October 2015, it sold a 44% interest in the $8 billion Manhattan West development in New York to the Qatar Investment Authority. [24]
The IRS allows self-employed individuals and small business owners to claim a home office deduction if they use a portion of their home exclusively and regularly for business activities. This ...
When the owner of the rental units failed to pay his mortgage, a company under the control of local developer Kevin Timochenko snapped all of them up for $7,200 at a foreclosure auction.
The contracts between Four Seasons and property owners typically permit the company to participate in the design of the property and run it with nearly total control over every aspect of the operation. [5] Four Seasons generally earns three percent of the gross income and about five percent of profits from the properties it operates. Property ...
The rights to a property may be transferred from one "owner" to another. A transfer tax is a tax on the passing of title to property from one person (or entity) to another. An owner may request that, after death, private property be transferred to family members, through inheritance. In certain cases, ownership may be lost to the public interest.