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The state attorney generals office requires a perfect title for acquisitions and conservation easements, even if the lands ownership history dates back centuries. The 120-year-old title issue has delayed work on a 300-acre conservation easement tied to the property, the Adirondack Explorer reported.
Montana automatically declares these as realproperty once they are permanently affixed, but the government requires the de-titling paperwork. You also get a lot of spec homes on dirt roads with private road easements and no recorded road agreement, which can create issues.”
Lets revisit the basics: In an H&BU analysis, real estate appraisers determine the most probable use of a property by applying four tests: whether the use is legally permissible , physically possible , financially feasible , and maximally productive. Order doesnt matter for the first two tests, but its essential for the last two.
For grants secured for commercial real estate acquisition or development, appraisal reviews are a must-have. Consider the grantor’s position when considering a disbursement for a mixed-use development, conservation easement, or specialty use property.
EASEMENTS: An irrevocable right to use some part of another person’s realproperty for a particular purpose. Most easements are routine, in which a utility company needs access to the property to maintain service of its electricity, water or internet.
NOTE: Please scroll down to read the other topics in this long blog post on Easement Liability, college degree requirement AQB, Fannie June Update, ADUs, unusual homes, mortgage origination stats, etc == = Renovated Modernist Mansion in Salt Lake City for $3.699M Excerpts: 4 bedrooms, 4 baths, 4,660 sq.ft.,
Among the rights that come with realproperty ownership is the right to exclude others. When oceans, lakes, bayous, estuaries, rivers, streams, and ponds are involved, this right is a large part of what property purchasers are paying for. One was on a tidal canal and built around 1943.
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