Category Archives: Real Estate
Reasons Why You Should Not Add a Loved One’s Name to Your Deed
The question on whether or not to add a loved one’s name to a title deed is often asked by different groups of home owners. The elderly parent who hopes to bequeath the home to an adult child would assume that adding the name of the child would ensure that the property ownership falls… Read More »
Own Property in D.C? Better call your lawyer!
The Apartment and Office Building Association of Metropolitan D.C. has released a four-page memo detailing how landlords should proceed with regard to the cultivation and consumption of recreational marijuana on their properties. Most importantly, AOBA states off the bat, “we encourage members to consult an attorney for guidance on any lease modifications.” As of… Read More »
What is a living trust and how is it created?
A living trust is a trust that is created while the person who creates it (known as the “grantor” or “settlor”) is still living. The trust is created by the simple act of signing an instrument sometimes referred to as a “Declaration” or “Agreement of Trust.”However, no property is governed by the terms of… Read More »
How Can an HOA or COA Foreclose on its Residents?
The District of Columbia provides a number of options to residential associations, including condominium owners associations (COAs) and homeowners’ associations (HOAs). These associations generally oversee housing communities made up of condominiums, town houses or single-family homes, and maintain the communities through the payment of dues. Occasionally, residents fail to pay their COA or HOA… Read More »
What is a Judgment Lien and How Could It Affect Your Property?
When it comes to purchasing commercial real estate property, determining who owns the property is not nearly as straightforward as it may seem. Although an individual or a business may be the official owner, there could be liens on the property that complicate the owner’s interests and serve as a threat to ownership. When… Read More »
