Freehold property is any type of property that is free of any hold by any entity other than the owner of the property. It is not subjected to maintenance fees and must only follow the laws and regulations of the area that it is in.Know More
Owners of freehold properties are able to do anything they want with the properties as long as their actions are within the legal limitations. Although a property can be used for many different things, an individual who owns a freehold company must be sure that he is following all the zoning regulations of an area. For example, a person cannot use a freehold property to run a business when the property is only zoned for residential use.
Freehold property is among the property types that can be inherited. When a person inherits the free property, he is able to treat the property in the same way that the previous owner had treated it. Other than local laws, there are no limitations or regulations that a person must follow when it comes to inherited free property. The property is also able to be transferred with less paperwork than a traditional property through the use of a simple sales deed registration of the property.Learn more in Real Estate
Freehold tenure is the legal right to own a piece of property without any limitations on its use. Freehold tenure is also known as title in fee simple. Most property in the United States is purchased through this type of agreement.Full Answer >
A real estate investment trust is an entity through which a person invests in large-scale, income-producing real estate. There are specific requirements of real estate investment trusts which make them unique investment instruments. Many such trusts are publicly traded on the stock exchange.Full Answer >
In real property transactions, a deed of assignment is a legal document that transfers the interest of the owner of that interest to the person to whom it is assigned, the assignee. When ownership is transferred, the deed of assignment shows the new legal owner of the property.Full Answer >
A 6(d) certificate is a document that an owner must obtain when selling a condo in Massachusetts; it ensures that all fees pertaining to the unit being sold have been paid. The associated property management company or condo association can provide the owner with this document, and there may be a fee involved. The lender is the entity requiring this certificate.Full Answer >