| Like-Kind Exchanges |
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| Internal Revenue Code § 1031 provides the procedure for a little-used tax shelter known as a like-kind exchange. In essence, §1031 allows the exchange of business or investment property for other business or investment property of like-kind, with tax-deferral benefits. More... |
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| Fee Tail Estates |
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| The fact scenario set forth above describes the creation of what is known as a "fee tail" estate. A fee tail estate is one that is restricted by the grantor to lineal descendants, as opposed to collateral heirs. More... |
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| Trespass |
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| An owner of real property, by virtue of the owner's interest in the property, has the right to be free from intrusions upon the property by others. A trespass results from any intentional intrusion upon the property of another. Generally speaking, a property owner's right to prevent such intrusions is absolute. More... |
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| Restrictive Covenants |
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| Restrictive covenants are deed provisions that set forth a unique set of rules applicable to given properties. Often the original builder or developer implements the restrictive covenants when a neighborhood is first developed. Generally speaking, the purpose of restrictive covenants is to ensure a standardized appearance for a specific area. Another purpose of restrictive covenants is to control specified activities within the area. More... |
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| Property with a View |
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| Many homeowners purchase property because of the view. In fact, a good view can add significantly to the value of a home. Generally speaking, however, a property owner has no right to a view. More... |
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