Q12. A local property manager only deals with landlords and tenants in the residential and commercial sector....

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Civil Engineering

Q12.
A local property manager only deals with landlords and tenantsin the residential and commercial sector. In the commercial sector,the only landlords & tenants accepted are those connected tooffice spaces. Thus, the property manager prefers to avoid retailspaces and other types of leases that involve high amounts of riskand frequent maintenance and/or repairs.
Q12.a. A new landlord is facing problems with a title deed fora property that she recently purchased. Develop a plan includingall the items to be investigated. This plan will be used to assistthe landlord and should include:
i. Background information about the title.
ii. Details of any possible encumbrances attached to thetitle.
iii. Possible services that can be used to find issues andtheir relevance to the
situation.
Q12.b. Explain how a government-approved Municipal InformationSystem would help all stakeholders. Your answer shouldinclude:
i. A brief description of Municipal Information Systems.
ii. An explanation of two (2) new services that would beimpossible without the
proposed system.
iii. An opinion about how governments can use MunicipalInformation Systems to
improve the productivity of businesses in the futureespecially keeping recent situations in mind.
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various problews and situation that the landlord will face have to face described and suggested below Deeds and Property Transfer Real estate in the United States has a long history of being extremely valuable Owning land was only for the wealthiest individuals in the early years of US history Unlike property that can move possession is ninetenths of the law after all it is often difficult to see who owns real estate just by looking at it The value of the property and the need to have some tangible way to determine who owns a property make property ownership much more paperworkheavy than other types of goods Every piece of real estate in the United States is tracked or recorded Usually these files are kept with the County Recorders office They are public record which means that anyone who wants the information can take certain steps to obtain it It also means that when you transfer property from one owner to the next you need to change the official documents to reflect the transfer In fact a failure to record the required documents accurately can undermine and even invalidate the transfer altogether When to Use You need to create a quit claim deed general warranty deed or special warranty deed You want to sell or transfer your property interest with or without title warranties You want to gift or share your property with a friend or family member You need to transfer property to a trust or business You need to update the owners listed on the property title You need to remove a cloud on the property title Property Deed Quit claim deeds are used to quickly change ownership on a property title and are commonly used between family members and to transfer property into a trust Because they do not provide guarantees against title defects they are usually the quickest and easiest solution for naming new property owners General warranty deeds guarantee that the property title is free and clear of any liens and other defects unless stated in the deed and that the grantor owns proper title to the property These guarantees make general warranty deeds ideal for property sales A special warranty deed or limited warranty deed in some states is similar to a general warranty deed except that there are no guarantees against any liens and defects that may have occurred prior to the grantor becoming an owner When to Use You are selling or transferring real estate and providing the standard title warranties You need a deed tailored for your state The partiescalled the grantor and granteeare either individuals businesses or trustees a General Warranty Deed A general warranty deed is the goto deed to use for selling a property because it includes standard promises that buyers expect Basically the deed provides guarantees to the new owner that the grantor has a valid legal title to the property and that the title is free and clear of any liens or other defects unless explicitly listed in the deed Use a quit claim deed to quickly sell or transfer property without warranties This deed is commonly used to add new owners to the title transfer property to family or remove a cloud on the title Use a Quit Claim Deed You want to transfer your property interest without warranties You want to gift your See Answer

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