Welcome to legal advice


Thursday, May 24, 2007

 

What Can Be The Legal Issues Related To Your Properties?

The first thing that we have to understand is the actual definition of a real property.
A real property includes the things that are attached to your land.
Things like your home, garage etc. can be called as 'real property' while a mobile hotel can not be called as a real property.
Things that are under the land’s surface are supposed to be permanently attached too.
When you buy a real property, you get complete freedom to do what ever you wish to do with that.
There are a plenty of interesting options available which are not beyond the legal limits.
You can make a house on your land. Also, it can be given on lease to somebody. You are free to use it personally, give it to somebody or keep it as a mortgage in banks for a loan. You can give it to any of your beneficiaries in any way you wish.
But, when it comes to give it to any of your beneficiary by will, it has some legal issues attached with it.
In some of the states, the government enforces some rules that prohibit you from doing anything you wish with your land. These rules restrict you to use your property for agricultural or commercial purpose without the consent of authority.
No dangerous substances should be found on your land and your land should not cause environmental hazards in any way.
There should be some part of your land that can be used by others as well.
You should provide the road and sidewalks also.

Comments: Post a Comment

Subscribe to Post Comments [Atom]





<< Home

This page is powered by Blogger. Isn't yours?

Subscribe to Posts [Atom]