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Highest and best use (or highest or best use; HBU) is a concept in real estate appraisal that originated with early economists such as Irving Fisher, who conceptualized the idea of maximum productivity.
The principal difference is that the recording system does not determine who owns the title or interest involved, which is ultimately established through litigation in the courts. The system provides a framework for determining who the law will protect in relation to those titles and interests when a dispute arises.
A person purchasing a unit title purchases a principal unit, which is designed as a place of business or residence; [6] any accessory units included in the title for the principal unit, such as car parks and storage lockers; [7] [8] and a beneficial interest in the common property, such as corridors, air ducts, building structure and entry ways ...
The principal–agent problem typically arises where the two parties have different interests and asymmetric information (the agent having more information), such that the principal cannot directly ensure that the agent is always acting in the principal's best interest, particularly when activities that are useful to the principal are costly to ...
In economics, the Principle of Least Interest stems from Social Exchange Theory. In any exchange, whether it’s between businesses or brokers, the party that is less invested holds more power.
Accession might also be (from Latin accedere, to go to, approach), in law, a method of acquiring property adopted from Roman law (see: accessio), by which, in things that have a close connection with or dependence on one another, the property of the principal draws after it the property of the accessory, according to the principle, accessio cedet principali.
While most shoppers are clamoring for deals on Apple AirPods, PlayStations, Ninja Blenders and air fryers, the smartest of deal hunters know that there's even bigger savings to be had on major ...
The four unities is a concept in the common law of real property that describes conditions that must exist in order to create certain kinds of property interests. . Specifically, these four unities must be met for two or more people to own property as joint tenants with legal right of survivorship, or for a married couple to own property as tenants by