Buying a racehorse can be daunting. Consider sole ownership or joint ownership, which includes company ownership, leasing, joint ownership, racing partnership, social group, and professionally managed co-ownership. Joining a racing club is also an option for those unsure about ownership. The idea of buying a racehorse is exhilarating, but it can often seem like a […]
Cross-ownership is when one entity owns multiple companies in the same market or invests in several companies that trade with the investor’s company. This strategy aims to strengthen relationships and control competition. Strong cross-ownership occurs when one owner controls multiple companies that account for a significant market share. It can occur in various industries, such […]
Stonehenge, a 4,000-5,000 year old stone monument in Salisbury, England, was privately owned until Sir Cecil Chubb bought it in 1915 as a gift for his wife. When she didn’t like it, he gave it to England in 1918 with conditions for free access. Stonehenge is now administered by English Heritage and is valued at […]
Transferring ownership of a car can be done for selling, gifting, or donating purposes. The pink slip and a signed form are necessary, and in some cases, the form must be notarized. It’s important to file the transfer to release the former owner from any liability. Auto clubs can help with the transfer, and the […]
70 households own 20% of the land in England, dating back to William the Conqueror. Land is typically passed down among aristocratic families. The Forestry Commission is the largest landowner, while Queen Elizabeth II technically owns the most land due to ruling the British Commonwealth. An estimated 160,000, around 70 households own 2012% of the […]
37% of US households owned a gun in 2013, with 24% of adults personally owning one. The US has the highest gun ownership rate in the world, with 270 million civilian firearms, or 90 for every 100 people. Japan has the lowest rate, while Brazil has the highest rate of gun homicides. About 37 percent […]
The number of Americans who own a television is declining for the first time in 20 years due to the shift to digital TV, the economic downturn, and the popularity of watching TV online. Americans spend an average of three hours a month watching online video and over 50 days a year in front of […]
Tenure tracks lead to permanent full-time teaching positions with job security, while non-tenure tracks are regularly renegotiated. New hires start as assistant professors and progress to full professors, with progress reviewed before promotion. Tenured professors cannot be fired except in extreme circumstances, but assistant professors can be fired if they do not meet expectations. Progress […]
The transfer of ownership is a legal process and document used to transfer property ownership. It begins with a contract and ends with a transfer of title, which is recorded for future reference. Property transfer law can be complicated, but working with experienced professionals can ease the process. Transfer of ownership is a procedure for […]
Separate property is owned by one spouse and is not divided in a divorce, while marital property is owned by both spouses and must be divided equally. Assets held before marriage are usually considered separate, but income from a business owned by one spouse during the marriage may be community property. Prenuptial agreements can protect […]
Fiduciary estates are properties managed by one party for the benefit of another through a trust arrangement. Trustees hold legal title to the property but must manage it in the best interest of the settlor. Different forms of trust property require different management methods. Trust intangible property, like securities, is immovable and invisible. In most […]
Owning a home comes with hidden costs such as homeowners association fees, unpredictable trash pickup costs, and surprise repairs, especially in older homes. HOA fees can increase and include penalties for breaking rules, while garbage collection costs can double if there is too much trash. Repairs, such as leaks and electrical problems, can also be […]
Home tenure refers to the legal status of living in a residential dwelling, with owner-occupied homes being the most common. Condo owners do not have tenure in common areas, while public housing provides low-cost employment. Timeshare ownership is limited, while co-housing communities share amenities. Housing studies inform residential development and growth control measures, with policies […]
Ownership interest refers to the rights and responsibilities that come with acquiring property, including the ability to use, manage, sell, donate, and rent it. Owners must also maintain the property and pay taxes. Ownership interest can be held by individuals or entities, and can be shared among multiple parties. Ownership interest is a term used […]
Property ownership involves physical or legal control over tangible or intangible property. Possession is determined by intent, with ownership granted to those who intend to own or hold property. Even if not physically present, one can still own property. Custody is granted to those who only intend to temporarily use or store property. Property tenure […]
Mixed ownership is a type of property that is movable but associated with a specific piece of land. It may require special treatment under the law and tax purposes. Examples include monuments, headstones, relics, and title deeds. When real estate is transferred, mixed ownership often accompanies it and may require special measures for proper care. […]
To conduct a property lien search, you need the property’s address, owner’s name, or parcel number. You can visit a courthouse, appraiser’s office, or recorder’s office, or search online or by phone. Double-check the address and start at a local government office. Conducting a property lien search generally requires you to start with some basic […]
GPS is owned by the US Department of Defense and can be shut down if necessary, but concerns about terrorist interference are unfounded. The GPS constellation includes old and new satellites, with 31 operational as of 2015. GPS coordinates are accurate to within 53 feet, but a random error is intentionally inserted for security. Funding […]
Joint car ownership requires advance planning, including arranging financing, obtaining insurance, and sharing use and maintenance responsibilities. Rules and regulations must be put in writing to avoid misunderstandings and potential damage to relationships. Joint car ownership is a way for two or more people to have access to reliable transportation, even if allowing individual ownership […]
Fractional ownership involves multiple parties acquiring a percentage ownership of an asset, allowing each owner access to the asset. It can be used for investment or personal/recreational purposes, such as purchasing real estate or assets like boats or planes. Co-owners share expenses and profits based on their ownership percentage. Fractional ownership is a type of […]
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