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'Merger is the absorption of a lesser estate by a greater estate, and takes place when two distinct estates of greater and lesser rank meet in the same person or class of persons at the same time without any intermediate estate.' "[1] Similarly, a merger doctrine extinguishes an easement by necessity to a landlocked piece of property once that ...
A full coverage search is usually done when creating a title report for sale/resale transactions and for transaction that involves construction loans. It generally includes searches related to property lien, easements, covenants, conditions and restrictions(CC&Rs), agreements, resolutions and ordinances that will affect the real property in question.
A dominant estate (or dominant premises or dominant tenement) is the parcel of real property that has an easement over another piece of property (the servient estate).The type of easement involved may be an appurtenant easement that benefits another parcel of land, or an easement appurtenant, that benefits a person or entity.
Each U.S. state has a recording act, a statute which dictates the legal procedure by which an individual claiming an interest in real property (real estate) formally establishes their claim to that property. The recordation of property rights becomes particularly significant where an unscrupulous dealer in land purports to sell the same tract ...
Corruption in S.C. real estate transactions can be simply “the price of doing business” for realtors because the SC Real Estate Commission is essentially a “self-regulation organization.
Necessity: If the easement was created by necessity and the necessity no longer exists; Estoppel: The easement is unused and the servient estate takes some action in reliance on the easement's termination; Prescription: The servient estate reclaims the easement with actual, open, hostile and continuous use of the easement
A real estate license is an authorization issued by a government body to give agents and brokers the legal authority to represent a home seller or buyer in a real estate transaction. Real estate agents and real estate brokers are required to be licensed when conducting real estate transactions in the United States and in a small number of other ...
Shoppers were looking for deals this holiday season and they found them. Mastercard released its preliminary “Spending Pulse” report Thursday, which excludes car purchases. Mastercard found ...
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