The purpose of this article is to review the complexities associated with real property asset management. The process begins with understanding the need and the owner's objectives, planning, moving through the acquisition phase, the operation and maintenance phase, the refurbishment and enhancement phase, and, finally, the disposition of the asset. The article also explores the importance of having strategic professional staff oversee asset management on behalf of the ownership. Asset management can be defined as the process of creating value within the owner's objectives through the acquisition, use and disposal of real property assets. Alternatively, asset management is defined as the practice of maximizing the value of a portfolio of properties, within the objectives of the owner. Th...
...While a real estate appraiser's job is to place a value on the future ... 1 - The Phases of the Real Property Asset Life Cycle2. As outlined in the text, Corporate Propert...
... agent Crown corporations to lease their property, restrict the appointment of employees of a Crown ... carried on by the insurer, other than a life insurance business. 'reserve transition amount' of... (c) and (d) of the definition 'real estate investment trust' in subsection 122.1(1) of the Ac...
... is established, the group's size, manner of life, material resources, and technological abilities, ... described with reference to traditional property law concepts. It is personal in that it is general... of British sovereignty, whereas normal estates, like fee simple, arise afterward: see Kent McNeil...
... defence Conflict of laws/Intellectual Property: The Star Wars action figures battle is now over ... employment agreement not form, says UKSC Estate Planning/Unjust Enrichment: Gift with strings atta... Ainsworth more recently sold toys (including life-sized stormtrooper helmets) based on the designs o...
... and globalization in the real estate industry; (3) resistance has declined as the worki...Property owners charged unregulated rents and often did not... is to reconcile livability and quality of life with economic growth and competitiveness, and it i...
...And. Executor of the Estate of the late Charles E. MacCulloch. Appellant. and....MacCulloch had purchased certain property from the estate and sold it to a third party for a...She argues that in 1981 she surrendered a life interest in certain estate property that was subse...
...And. Executor of the Estate of the late Charles E. MacCulloch. Appellant. and....MacCulloch had purchased certain property from the estate and sold it to a third party for a...She argues that in 1981 she surrendered a life interest in certain estate property that was subse...
Upon obtaining authority to transfer the land, the process can be completed within a matter of weeks. Because the probate/ administration processes can be time-consuming, complex and somewhat costly (as legal fees and probates fees are both calculated as a percentage of the value of the deceased's estate), sole landowners and tenants in common should consider whether it is best to hold the land in this way until the date of his or her passing.
... Beyond determining who will inherit your property upon your passing, a will gives the writer (or tes... all rights to a property, or maintaining a life estate in a property. . A life estate would allow ...
For clients with more modest means, many adopt a strategy that can be described as the poor man's Porsche of blended family estate planning. It consists of a life insurance policy directed to the children as beneficiaries, a simple will leaving the whole estate to the surviving spouse, and a moral promise on the part of the spouse to include both sides of the family in the ultimate distribution of property when the surviving member of the couple dies. It keeps legal fees to a minimum. It is very hard to attack or overturn, even with a good litigation lawyer who practises in this area. It creates a clean break between the spouse and the children. The surviving spouse may not honour the moral promise, and can change his or her will later to exclude the other's children. Even given that, t...
Appraisal of Real Estate Third Canadian Edition, is reviewed.
... sold nearly 7,000 copies over its eight-year life, making it a Canadian best-seller. This book has s...
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