IMMOVABLE PROPERTY CONDITION REPORT Disclaimer This condition report concerns the immovable property situated at [furnish both deeds office and physical descriptions of the property concerned] (“the property”). This report does not constitute a guarantee and/or warranty of any kind or nature by the owner of the property or by the property practitioners representing that owner in any transaction. This report should‚ therefore‚ not be regarded as a substitute for any inspections or warranties
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5.1 INRODUTION It is human nature to create controversy even where it does not exist. Expert values have been fighting‚ in vain‚ to find out whether valuation is an art or a science. To set this rift at rest‚ Justice Viscount Simon of the House of Lords in Gold Coast Selection Trust case held that "valuation is an art and not an exact science. Mathematical certainty is not demanded‚ nor indeed is it possible". Thus valuation cannot be tied up by rigid laws of nature or science. It also cannot
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enumerates 6 types of documents which require compulsory registration. 1. Instruments of gift of immovable property. In a case law " Kalyan Sundram vs Karuppa " ‚ it was held that registration is necessary for the enforcement of gift of immovable property. Non-testamentary instrument which create‚ declare ‚ assign‚ limit or extinguish ‚ any right title or interest for a value of 100 or more ‚ in immovable property. Acknowledgement to receipt or payment of any consideration for creation ‚ declaration
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properties of the judgment-debtor‚ the Court diverts the money so collected to the decree-holder in satisfaction of his claim. However‚ by its very nature property may be of different types. Therefore‚ a judgment-debtor may possess either movable or immovable properties‚ or both. Thus‚ keeping in regard the differing characteristics of these two types of properties‚ the Code of Civil Procedure prescribes different procedures for the
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Lopez V. Orosa‚ Jr. and Plaza Theatre Inc. G.R. No. L-10817-18 Facts: Enrique Lopez‚ doing business under the trade name of Lopez-Castillo Sawmill‚ was invited by Vicente Orosa‚ Jr. to make an investment in the theatre business namely Plaza Theatre Inc. Lopez expressed his unwillingness to invest‚ however agreed to supply lumber necessary for the construction of the theatre with the assurance that Orosa would be personally liable for any account that the said construction might incur. Lopez was
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conversant: I. That should I finally rest in eternal peace it is my wish and desire and internment‚ vigil and burial be made in accordance with the customs and traditions of the Roman Catholic and Church; II. That my properties are as follows: A. Immovable Property: B. Movable Property: III. That should the Lord Almighty finally summon this soul from its earthly abode‚ it is my wish and desire to bequeath‚ grant and devise my properties above-mentioned‚ as follows: 1. To my beloved wife ……………………………………………
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“TPA”) and expressed by the maxim ut lite pendente nihil innoveturem bodies the principle of law that “…pending a litigation nothing new should be introduced‚ and provides that pendente lite2‚ neither party to the litigation‚ in which any right to immovable property is in question‚ can alienate or otherwise deal with such property so as to affect his opponent.”3 The basis of this doctrine rests on the idea that “…the very purpose of seeking relief against any grievance [through a judicial proceeding]
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It has been said many times before that buying a house is likely to be one of the biggest financial investments anyone can make in their lifetime. It makes sense then that the property which people own makes up a large portion of their wealth. "This is especially true for many homeowners in the USA‚" says Adrian Goslett‚ CEO of RE/MAX of Southern Africa. He says that the average American has nearly one-third of their net worth tied up in real estate. "While not all South Africans own property
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. GENERAL INFORMATION OF CAMBODIA Cambodia is a country with area of 181‚035 km2‚ located in Southeast Asia; bordered to the northwest by Thailand‚ the northeast by Laos‚ the east by Vietnam and the southwest by the Gulf of Thailand. Population: young; 14‚139‚000 people (in 2010) 2007 2008 2009 2010 GDP growth (%) 10.2 6.7 0.1 6.0 GDP per capita (current US$) 632 749 744 795 Inflation‚ consumer prices (%) 7.7 25.0 -0.7 4.0 Interest rate: Commercial bank
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Bangalore Real Estate Scenario Bangalore City also known as “Bengaluru” has seen an unprecedented growth in the last few years. Considered the IT/ITES capital of India due to its position as the country’s leading exporter of IT/ITES products and services‚ Bangalore is widely referred to as the “silicon valley of India”. It is thus the most favored destination for IT and ITES companies which in turn are the highest contributors to the ever-growing Bangalore Real Estate market. Capital of the southern
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