According to its fiscal year 2003 financial statements, the federal government currently owns hundreds of billions of dollars in real property assets. In addition, the government also owns or manages one in every four acres of land in the United States. While much of the Federally-owned real and personal property...
Basically, three types of insurance are available to protect an individual's business: property, liability and workers' compensation. Workers' compensation insurance is required by law in all 50 states. Although property and liability insurance are not always mandatory, it makes sense to protect all of the company's assets with property and...
Buying anything online is considered by many as risky, especially second-hand items or items that you have not scene in the flesh. The thought of buying a house online then is therefore ludicrous, however this might have been the case a decade ago, but nowadays this is a somewhat ignorant...
Harris County Appraisal District estimates the market value for 1.6 million parcels of real estate with a staff of about 150 appraisers. That's an average of over 10,000 parcels per appraiser per year! While they value a large number of properties annually, you can focus intense attention on reducing the...
Travis Central Appraisal District estimates the market value for 1.6 million parcels of real estate with a staff of about 150 appraisers. That's an average of over 10,000 parcels per appraiser per year! While they value a large number of properties annually, you can focus intense attention on reducing the...
A real estate purchase option is a document that gives someone the right to purchase a piece of property at a fixed price during the term that the real estate purchase option is in effect. During the option period, the owner can not sell the property to anyone else and...
The Drugs and Alcohol policy documents the company's intention to maintain its property and to provide a drug-free work environment that is both safe for its employees, including others having business with the Company or on Company property, and conducive to efficient and productive work standards. This policy restricts certain...
A title is a written document that shows ownership of property. It includes the signatures of current owners and a legal description of the property. A title is also known as a deed. Before one closes on a new home, a title examiner will conduct a title search. This is...
While traditional loan underwriting seeks to minimize risk by ensuring that the loan amount can be easily recovered, securitized lenders focus on managing risk by maintaining the cash flow of the property and by isolating the collateral property so that it can be easily transferred to the lender in the...
This article reports on how the Southern District of New York granted partial summary judgment to certain property insurers in SR International Business Insurance Co. v. World Trade Center Properties LLC, 01 Civ. 9291 MBM (S.D.N.Y. Feb. 19, 2005). The court made clear that the period of restoration is the...
This paper uses a hedonic pricing model to estimate economic depreciation for multifamily real estate. Data was obtained from the National Council of Real Estate Investment Fiduciaries NCREIF on the acquisition price of all properties that are included in the NCREIF database. The age of the property on the acquisition...
This paper shows that property can represent a significant proportion of a company's overall assets and costs. Yet very often it receives less attention than it should because it is not seen as part of the core business. Property is core to the business however, and ignoring its impact on...
This article addresses the use of environmental case studies to analyze the extent to which contamination may adversely impact property value through the effect previously referred to and defined as environmental stigma. There can be three property value effects that may result from environmental contamination: cost effects, or reductions for...
This report examines the joint ownership of properties held by public real estate investment trusts REITs. It uses a detailed property database of real estate firms maintained by SNL Securities, which included more than 18,600 properties owned or partly owned by 171 firms. The findings indicate that rather than reducing...
Improving supply/demand fundamentals will allow real estate to move from the recession to the recovery stage of the property cycle. As is well known, changes in the cycle will not be uniform. Certain sectors and markets should move quickly into recovery ahead of the national market. Others will lag. The...
As large firms and corporations discard facilities, they create opportunities for smaller, expansion-minded firms. With large companies scaling back, terrific opportunities have been created for smaller, expanding firms to acquire Class A space that is already built out and ready for occupancy. Some properties being sold have never been occupied,...
Chapter 7 is generally the simplest and quickest form of bankruptcy and is available to individuals, married couples, corporations and partnerships. A trustee appointed by the court sells some of your property and the profits are distributed to creditors according to federal law. Property that is “exempt” isn’t available...
Insurance experts refer out some of the key mistakes that small business CEOs make--and the things that all business owners should be aware of when it comes to insuring their company. In this article there is a list of 12 things to keep in mind. First is, do your homework--before...
Significant opportunities continue to exist in today's commercial real estate market for the purchase of environmentally contaminated properties at a price substantially below the real impact of the contamination on the property's value. The key aspect to taking advantage of the opportunities presented by environmentally contaminated properties is conducting the...
The U.S. Department of Housing and Urban Development HUD was established in 1968. It was originally developed to manage federal housing and community development programs. HUD incorporated numerous housing agencies and assumed administrative responsibility for them. One of these agencies was the Federal Housing Administration FHA. Since 1971 the agency...
