Real Estate Newsletters
Inspections and Punch Lists
When a buyer works with a builder to plan the construction of a new home, the buyer will have an opportunity to look at models, drawings, plans and specifications. The combination of these documents gives the buyer a general idea of what the home will eventually look like. As the construction progresses, the idea takes form; however, until the process is complete and the buyer has actually walked through the completed structure, the buyer has no idea whether everything has been completed as imagined and in a workmanlike manner.
Rights of a Possessor
At common law, possessors of property who sought to recover possession from a subsequent possessor could bring a suit that alleged a trespass to land or a trespass to chattels. Another form of relief was a suit that alleged conversion. Adherence to the pleading technicalities was critical, but in each case, the possessor had to allege that he or she was the prior possessor. Remedies in these common law actions included the recovery of the items allegedly taken or the ejectment of persons from the possessor's land.
Tangible and Intangible Property
Property is an external thing that can be owned or possessed. Property can be divided into two categories: tangible and intangible. The word tangible refers to something that has a definable physical form that can be felt or touched. The word intangible refers to something that cannot be perceived by the senses.
Trees -- Damage to or Destruction of by Persons Other than the Property Owner
A tree is owned by the property owner on whose property the trunk of the tree sits. When a property owner has an interest in a tree, the property owner has the right to recover in the event the tree is damaged or destroyed by another.
Types of Tenancies
Usually, when one thinks of the relationship between a landlord and a tenant, what comes to mind is a lease agreement between the parties where the tenant agrees to stay in the leased premises for a specified period of years and pay an agreed upon rent for the privilege of doing so. In actuality, the scenario described above is just one type of tenancy, a tenancy for years. The types of landlord/tenant relationships are as follows:
