by kramoltz@hotmail.com | Aug 24, 2018 | Home Buying, Home Ownership
No Right to Change. Some of the more important considerations when granting an easement include that there is no legal right to terminate or alter its location without the consent of the benefitted property owner. So if years after an easement is granted, the burdened...
by kramoltz@hotmail.com | Aug 17, 2018 | Home Ownership
Probate avoidance is a primary consideration for estate planners and their clients. A revocable trust is usually the vehicle of choice for making non-probate transfers. But real estate must be re-titled in the name of the trust to make a transfer to the trust...
by kramoltz@hotmail.com | Jul 20, 2018 | Home Buying, Home Ownership
Exclusivity and Costs. Easements typically grant exclusive use of the easement area to the recipient unless they provide that the easement is nonexclusive. Of course, shared driveways should always be granted on a nonexclusive basis, and so should utility and drainage...
by kramoltz@hotmail.com | Jul 17, 2018 | Home Ownership
In Arizona, repairs under $1,000 can be performed by a person without a contractor’s license. But the “handyman exemption” isn’t that simple. An important limitation is that the aggregate contract price, including labor, materials and all other items, is less than...
by kramoltz@hotmail.com | Jul 2, 2018 | Home Buying, Home Ownership
Impact on Property. The effect of an easement can be generally regarded as positive or negative. A “beneficial easement” benefits the owner of the land subject to the easement, such as one which enables utilities to be supplied to the property. A...
by kramoltz@hotmail.com | Jun 13, 2018 | Home Ownership, Taxes
Owners tackling a remodeling project may want to consider how it could impact property taxes. Renovations could result in an increase in assessed value by the county assessor. Ordinarily in the Phoenix metro area any upward adjustment in assessed value would only...
