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...
...Thompson's real intention in approaching the Chief Justice had bee...
[...] in England there are chains of title that go back to the time of William the Conqueror. [...] it not only registers the ownership or interests in land, it also guarantees that the information as recorded is accurate and can be relied upon.
Since the inception of the Canadian Human Rights Act in 1977, governments of the day have conceded that certain sections perpetuate unfair treatment of people living on reserve. A succession of Indian Affairs ministers have insisted that the inequities built into the legislation were only "temporary." They repeatedly pledged to move forward with reforms to the Indian Act itself. Despite lip service to reform, Section 67 of the human rights code has been problematical for the past thirty years. It stipulates that "nothing in this Act affects any provision of the Indian Act or any provision made under or pursuant to that Act. First Nations reserves are the only place in Canada where there is no law governing division of MRP. Yet these laws have existed for decades for Canadians who are ...
[Jones] lives on Sadler Avenue in a modest 1,280 square foot bungalow that the city's assessor says is worth $154,000. This house is the one she and her husband bought in 1969 for $18,000 and they just paid it off a year before he passed away in 1993. The original principal, interest and taxes was $184 per month. Mr. Jones passed away without very much money as they had to help their children and he lost his job when the packing plant he worked at closed. However, they got by. Jones has an annual income of about $19,000, including her Old Age pension, Canada pension, widows pension and about $100 from her late husband's pension. The utilities on her house have gone up to $2,400 per year, water is $200 (she waters the tomatoes in the summer) and she does give $500 or $600 to her church e...
Typically easement agreements are registered on the title of someone's property, but easements or the rights of others to use your property may be formed by operation of law, out of necessity or sometimes through the continual use over the passage of time. Prescriptive easements, easements created over the passage of time, are one of the most interesting ways that someone can create a right over someone else's property.
Where two or more persons who are not married and own interest in a single property or an investment portfolio, such owners are tenants in common. Each tenant in common owner may sell or bequeath his or her interest and, upon death, that interest becomes part of his or her personal estate. For the most part, the appraiser's task is to first value the 100% fee simple interest in the property or group of properties held undertenants in common ownership. Once the fee simple value of the property or group of properties is determined by the appraiser, the next step is to split or divide that figure between the tenants in common. Partial interests in real estate will trade at discounted prices. The appraiser's task is to research the marketplace in order to determine if a discount is appropri...
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