11 Embarrassing Mls Faux Pas You Better Not Make

[Lucilla Mcquiston]

The land around Lewes Beach is leased, not owned by the homeowners. The land of Lewes Beach owns the Town of Lewes. The Rehoboth Beach lands The Sea, and Dewey Beach include leased land as well. The majority of leases on this land will not get renewed, but will go back to the owners , and the homes that are situated on the land will be removed by the owners of the homes at their expense. The majority of the land Riverdale, on Indian River Bay, adjacent to Oak Orchard is leased as well. In Riverdale the land is owned by Chief Clark and the Nanticoke Indians.

About half the residents of Sussex County living on leased land. Most of that property is located within what's called mobile home parks , also known as communities. But, in these communities there aren't many houses that are truly mobile and there are even two-story stick-built homes on some areas of leased land in these communities. Town houses and condos are often located on leases too. For some, this is somewhat difficult to grasp.

There are many ways to describe the term "fee simple." Realtors and Attorneys use the term fee simple to define the land that is classified as real property which is also known as real estate. We employed the term leased land or leasehold interest to refer to land that is not transferring in the form of real estate.

This long text is about Leased Land, Real Estate, Private Property, Chattels, Mobile Homes, Homes on Leased Land and an academic dissertation that defines and explain the differences.

Terminology is essential when talking about Real Estate, i.e. real property.

The Black's Law Dictionary is the recognized reliable source for legal definitions and legal terms under our American Law; which is taken from English Law

PROPERTY: In the strict legal sense, a set of rights that are safeguarded and guaranteed by government. BL6, p. 1216.

Personal property, also known as movable property; chattels as well as property that isn't attached to real estate. BL6, p. 1144

Properties: (personal property) - In a broad and general sense, anything that is the subject of ownership but not falling within the category of real estate. A right or interest lower than a freehold in real estate, or any interest or right that one has in things movable. BL6, p. 1217

Therefore personal property, is the property that is easily removed from the real estate and therefore is therefore not considered real property. Personal property can include crops and trees, as well as shrubs, trailers and sheds, cars, mobile homes, manufactured houses that are accompanied by the Department of Motor Vehicle title in lieu of a deed or the property of a home or building. When it comes to a commercial or residential property, the personal property includes drapes, lighting fixtures and carpets (not carpets that have been put in) free-standing cabinets and cabinets furniture, and the contents of drawers, closets as well as buildings. These are structures without foundations, which is to say, sheds that are only supported by blocks are chattel property. It is personal propertythat is it is not part and parcel of the estate. These chattels include dog homes as well as the storage buildings that are so typical outside of houses.

Lands A: In the broadest sense, includes all earth, soil, or ground whatsoever..."Black's law dictionary 6th edition. (BL6), p.877

PRIVATE PROPERTY: As protected from being taken for other purposes, it is property that belongs solely to an individual, and on which the owner has the sole right of disposition. Property of a particular real and tangible type and able of being placed in the possession of and transferred to others, like houses chattels, lands and even chattels. BL6, p. 1217. Private property includes houses, land and chattels. Private property is secure http://tysonljjq301.iamarrows.com/10-no-fuss-ways-to-figuring-out-your-the-house-market from being taken for public uses. Private property is entirely owned.

REAL ESTATE synonymous with real property" and p.1218 REAL PROPERTY ... A general term for lands, tenements, hereditaments (those things which are hereditary); which on the death of the owner intestate, passes to his heir." BL6, p1263

Estate: The level, quantity, nature and amount of interest an individual is entitled to in REAL and personal property. An ESTATE of lands hereditaments, and tenements indicates any interest the tenant has therein. Bl6, p.547 All the terms here all relate to real estate = real estate = land = property or tenements as well as hereditaments. At firstglance, one might consider that "real property" is the correct word to describe 'all lands'. However, it doesn't define the ownership method as clearly as the definition of estate. The last time we saw an illustration of this when many acres of land that was leased in the homes of several thousand residents, located that are located within Angola, Pots Nets, and Long Neck areas owned by the Robert Tunnel family was inherited by the children.

IN OUR AREA THERE ARE NUMEROUS LEASED LAND PROPERTIES AND THOSE PROPERTIES ARE THE REAL ESTATE OF THE OWNER OF THE LAND - NOT THE OWNER OF THE HOME WHICH IS UPON THAT LAND. If you take a look at the definition for ESTATE it refers to an interest in the same types of articles described in real property as well as real estate.

What is this land? WHO owns it and HOW is it managed? Land can comprise private or public property OR estate i.e. real estate. Estate is an interest in "real property" by a person or tenant. Private property is owned by an individual.

INTEREST: More specifically it is a legal right to have the advantage of accruing from anything related to the form of property but less than title. - BL6, p.812. In this way, it's clear that INTEREST does not constitute TITLE as it is not more than title. Interest may be a property droit to land but isn't a right of absolute title to land. Landowners who reside on leased land own only the interest of the land; and this interest is a lease-hold interest. Does there exist a definition of property that states it's real estate that is owned by the owner in absolute terms like the definition of private property? We can investigate this more.

ABSOLUTE TITHLE - When applied to title to land, it is an exclusive title, or at the very least, a title that is exclusionary of all other titles that are not in accordance with. A title absolute to land cannot be held at the same time in different persons or in different government bodies. BL6, p.1485

PRIVATE PROPERTY ... are the property which is the sole property of an individual, and in which he has the exclusive right to dispose. BL6, p.1217

OWN: To have a legitimate legal title to hold as property or have an legal or rightful title to; to have the right to own. BL6, p. 1105. To "own" is to have title. An interest is LESS THAN TITLE.

ESTATE: The extent of interest, its quantity, its nature and size of the interest one has in their real and personal property. An estate in lands or tenements and hereditaments indicates the amount of interest the tenant has therein. - - BL6, p.547 From these definitions it is clear that we aren't able to completely "own" real estate. It is only a qualified ownership of qualified and defined control over Real Estate. Therefore, we require a Deed Description to define and define it. It is also qualified by various rights of the government, law and decrees from antiquity, including rights against violations of the law. Ownership is defined by taxes, zoning, rights of way, and a myriad of other implications. It is therefore necessary to conduct a title search to locate the implications, some of which are invisible.

So there isn't as much difference in the rights and benefits of ownership and interest as one is told. I don't have a problem with those who reside on lease land rather than owning the land. The majority of them pay less than what it would cost them to own the same property. However, they seldom have any appreciation of the land. The landlord benefits from the real appreciation, while the resident can appreciate the lifestyle for less cost per month or per year.

But since an interest in leased land isn't automatically transferable and does not constitute Real Estate and since the chattel land that it sits on, the mobile home is considered personal propertywithout deed and instead, has a title - Realtors are not by law supposed to participate in the sale of such - but we are. We're only supposed to be selling real property. It's all cloudy and foggy does it not. This is why there are firms and individuals selling mobile homes on lease land who are not realtors and aren't required to be. Although nobody is discussing it, realtors aren't expected to sell mobile homes on land that is leased. There is no need to be in the same battle than I did by explaining it.

Ownership: The total title, dominion or proprietary, including right to claim or a thing... The property owner's title is absolute or qualified. The property's ownership is absolute if a single person holds it and has the ability to use, or even dispose of it according to the wishes of that individual, with no regard to the laws of generality. The ownership is deemed to be valid to be shared by many or more people, when the time of enjoyment is delayed or restricted, or when the use is restricted. In BL6, page. 1106 Such sharing is common among husbands and spouse or partners, families, corporations, etc.

DOMINION - Generally accepted definition of "dominion" is perfect control in the matter of ownership. The word implies both possession and title and seems to require an absolute retention of control over disposition. The -BL6, page. 486 I'm sure you'll agree that zoning and building codes and covenants between homeowners