A person can find a property's legal description by checking the deed to the property. The deed can be a physical copy or most areas have copies of the deed available for review online. Many of the real estate companies and online listing sites offer access or obtainable copies of this information also.
Legal descriptions generally involve a survey being done, or having been done at some point. Any time that a property is transferred or sold, it is required that the deed, contracts or mortgages involved in the transaction include the legal description of the property. This description is used to help decide the price and also affects the amount of taxes that has to be paid on a property every year as well.Learn More
Cap rate is short for capitalization rate and is a rate of return on real estate that is purchased as investment property. The cap rate is based on the amount of income that an investment property is expected to generate and is used to estimate an investor's return on investment.Full Answer >
To rent a retail place, research the market and rental companies, and consult a real estate broker. When you find a place you want to rent, negotiate the terms of the lease, and have an attorney review the contract before signing.Full Answer >
The website for the Housing Authority of the City of Los Angeles, hacla.gosection8.com, is the ideal place to start a search for houses that take Section 8. It has partnered with another website, gosection8.com, to provide comprehensive resources for finding these homes.Full Answer >
According to Bankrate, a life lease is a senior housing option where rather than purchasing or leasing an apartment, the tenant purchases the right to occupy a unit and pays a monthly rental or maintenance fee. Bankrate notes that the tenant's agreement allows for the tenant to occupy the property for an undetermined amount of years, the remainder of his life or a specified amount of time, such as 50 years.Full Answer >