Joint Tenancy An equal undivided ownership interest of a property by two or more natural persons that is created by a single transfer document. Upon the death of a joint tenant the surviving joint tenants take the entire decedent’s share of the property so nothing passes to the heirs of the deceased. Tenancy in Common The co-ownership of property by two or more...

A seemingly unbelievable mess discovered last year in an Ogden townhouse has suddenly become an Internet legend. It's all TRUE! You know how some people, after they use something, just can't bear to throw it away. That might make sense if it's magazines or clothes. But what if it's empty beer cans? In astounding numbers? When property manager Ryan...

Obtaining a ‘beneficial interest’ includes: purchasing property obtaining an option to purchase property or being granted a general power of appointment in respect of property.   An agent or salesperson is considered to obtain a beneficial interest if the interest is obtained by:  the agent or salesperson or a close relative (including a spouse or de facto partner, child, grandchild sibling, parent or grandparent) a...

A transaction method used to free up cash whereby an investor becomes the actual owner of a property by purchasing it from the original owner-occupant who subsequently continues to occupy and use the property under a long-term leaseback with the new owner.

Get organisedClearing cluttered desks helps counteract stress avoids you wasting time looking for things! A cluttered desk makes a cluttered mind!Plan your daySay no to post it notes! Make a master list in order of priority tackle the worst things first! Give yourself a deadline stick to it!Boost your energyMany of us skip lunch...

A client in the Real Estate industry is generally considered to be the person or party who engages or employs the agent to provide a service under an agreement and who pays the agent's fees. For example, a vendor or a landlord. A customer in the Real Estate industry is generally considered to be the person or party who engages with...

An improvement that adds to the capital value of the structure. A capital value which increases the utility or market desirability of the property. It is distinguished from repairs or replacement by the fact that the original character is improved and the value is increased. A physical change in an existing property or equipment that increases its value or usefulness...

Mortgagee One to whom a mortgagor gives a mortgage to secure a loan or performance of an obligation; i.e., the lender under a mortgage. Mortgagor One who gives a mortgage on his or her property to secure a loan or assure performance of an obligation; i.e., the borrower under a mortgage.  

One who speculates; that is, one who buys any commodity, including Real Estate, in the expectancy of selling in a higher market.

A mortgage over a residential property owned by a person (usually over 55 years of age), where repayments are not required until the property is sold or the last homeowner dies.