Rental property management involves managing and renting residential or commercial properties for landlords. Property managers charge a fee, which includes tenant screening, rent collection, maintenance, and accounting. They must follow state and federal laws and may use property management software to increase productivity. Rental property management refers to the management of residential or commercial property. […]
A property manager takes care of a property for financial compensation or residence. They handle maintenance, tenant interactions, financials, and can be paid in various ways. They act as a liaison between owners and tenants. A property manager is an entity that takes care of a property, in exchange for financial compensation or a residence. […]
A Certified Property Manager (CPM) is a professional with an internationally recognized designation awarded by the Institute of Real Estate Management (IREM). They have the knowledge and experience to manage various types of properties and specialize in turning a losing property into a profitable venture. A CPM maintains high ethics and a commitment to continuing […]
HUD introduced RESPA to control and explain home loan closing costs. Loan applicants receive a good faith estimate, a comprehensive list of all closing costs associated with a home loan, to avoid last minute expenses and surprises. RESPA prohibits commissions, referral fees, and kickbacks charged as inflated closing costs. It mandates equal treatment of all […]
Property management companies oversee various types of real estate, providing services on behalf of the owner to maintain the investment and ensure profitability. They handle tasks such as tenant management, maintenance, accounting, and legal duties. Property managers may also advise owners on other available properties and handle financial transactions. Short-term formal training is required, and […]
To become a property tax attorney, attend law school, pass the bar exam, and work for a property tax law firm. While a specialization in tax law is not required, experience in real estate law and tax knowledge is beneficial. Joining tax-related cases or pursuing an LL.M. in tax can also help. The most direct […]
Intellectual property jobs require legal knowledge to ensure copyright, patent, and trademark protection. Attorneys and paralegals advise on the validity of classifying work as intellectual property and provide legal representation in court. Paralegals complete administrative litigation work and conduct database searches and investigations. Generally, intellectual property jobs require legal knowledge of local and international laws […]
Property adjusters assess damage caused by natural disasters or fire, typically working for insurance companies or as independent contractors. A college degree and insurance industry experience are preferred, along with knowledge of architecture and construction. The job involves site inspections, negotiating agreements, and paperwork. A property adjuster is responsible for determining the amount of damage […]
Community ownership means that both spouses share equally in property owned or acquired during a marriage. In divorce, each spouse is entitled to half of the assets and debts. Exceptions include inherited property and prenuptial agreements. Assets include physical properties, money, collections, and potentially future earnings. When one spouse wants to keep something, they must […]
Capital litigation is a legal process that decides whether to impose the death penalty. It involves determining guilt and sentencing, with a focus on aggravating and mitigating factors. Appeals may examine the constitutionality of the death penalty and its enforcement methods. Only the most serious murderers are subject to capital punishment. Capital litigation is any […]
A property list is a list of key-value pairs used to describe attributes of a program or object, often saved in XML format for portability. They can be used for serialization and storing user preferences, and some systems have built-in support for editing them. A document type definition can define valid keys and allowed value […]
Becoming a property inspector varies by jurisdiction, type of property and employer. Educational requirements depend on licensing laws and employer requirements. On-the-job training and work experience in construction can be helpful. Training programs are available online or in classrooms and may be required by some employers or licensing boards. The process for becoming a property […]
A property attorney specializes in real estate law and helps ensure compliance with local, state, and federal laws during property transactions. To become one, an individual must complete the necessary education, pass the bar exam and gain practical experience. A property attorney is an attorney who has chosen to focus their practice in the area […]
The associative property allows grouping of numbers in mathematical operations without changing the answer. It applies to addition and multiplication, and can be useful in simplifying calculations. It does not apply to subtraction or division. The associative property of mathematics refers to the ability to group certain numbers together in specific mathematical operations, in any […]
Before enrolling in property management courses, ensure they are approved by your employer, licensing agency, or certification board. Consider online or weekend courses for convenience and check if they qualify for continuing education requirements for real estate licenses. If you are interested in taking property management courses, consider the schools and programs that offer these […]
Common law property allows married individuals to retain sole ownership of property in their name. Community property, on the other hand, considers assets acquired during marriage to be jointly owned. Equitable distribution rules apply in the event of divorce or death, ensuring the financially disadvantaged spouse receives a portion of the assets. Common law property […]
Abandoned property law applies to property whose owner has given up all rights through actions or words. It differs from lost property, which the owner still owns but has lost. After a reasonable amount of time, abandoned property becomes the finder’s property. This law applies to scenarios like tenants leaving property behind. Abandoned property law […]
Owning stolen property can result in jail time and fines, with the severity depending on the value of the property and any criminal record. Possession of stolen property requires knowledge of the theft. Penalties can include fines and up to one year in prison, with criminal offenses resulting in longer sentences. Unique circumstances and prior […]
A lien is a lender’s interest in a property to secure debt repayment. Mortgages are the most common form of property tax liens. If a borrower defaults, the lender can enforce the lien and take control of the property. The amount collected is limited to the outstanding debt, and court fees may be added. If […]
Intellectual property licensing involves an agreement between a licensor and licensee, discussing the modalities and limitations of use, compensation, and dispute resolution. The type of IP determines the contract, and both parties should establish important elements such as limitations, royalties, and modifications. Legal representation is advised for both parties. Intellectual property licensing involves an agreement […]
