STUDY OF: DAN ODIETE & CO. ESTATE SURVEYORS AND VALUERS. Dan Odiete & CO Estate Surveyors and Valuers is an organization that deals mainly on real estate (land and landed properties) registered by the Nigerian Institute of Estate surveyor and Valuers (NIESV) and the Estate Surveyors and Valuers Registration board of Nigeria (ESVRBON). Its business activities includes; Buying and selling of landed properties‚ leasing and letting of landed properties (real estate consultancy)‚ acquisition and
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Case name: Southeastern Land Fund‚ Inc. V. Real Estate World‚ Inc. 237 Ga. 227‚ 227 S.E.2d 340 (Ga‚ 1976). Facts: The Seller brought an action against the Buyer. The allegations were about a contract of sale of a real estate. The seller’s action sought to recover the price of $45‚000 plus the interests; as well as to recover their lawyer’s fees upon a promissory note referred in the contract. The buyer’s appeal was founded on the basis that the trial judged erred in granting summary judgment in
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keeping the reversion for himself is not a sensible option. The Rule in Shelly’s Case has been abolished in most states. This being the case‚ we will proceed in this manner as the state of New Tutor does not acknowledge this rule. Conclusion: A Life estate Pur Autre Vie should be given to Lucy‚ based on her life and Barry’s life with the remainder being divided between his heirs in a fee simple absolute. This would allow both he and Lucy to live there for the duration of their lives‚ yet the property
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It was three o’ clock on a hot afternoon in Hong Kong in mid-2000. Larry Yung‚ Chairman of Citic Pacific Limited (“CPL”)‚ was having a board meeting with his property development team. From his window on the 33rd floor of Citic Tower‚ he could see the impressive Victoria Harbour and an undeveloped prime waterfront site. This piece of reclaimed land had been purchased by a company six months earlier at a public auction. Now‚ the owner wanted to dispose of it‚ and hence it was made available to CPL
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interest. Priority is given to the first registered interest‚ the second registration is irrelevant Types of Estates in Old System Legal estate in fee simple: • Purchaser receives a legal interest at settlement when they get a conveyance by deed. The estate passes from the vendor to the purchaser. • A first mortgage by deed at settlement‚ where the vendor delivers • The legal estate may only vest with 3 parties: o Vendor before settlement o Purchaser post settlement (who may be subject
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Anna and Mark are residents of Memphis‚ Tennessee. While they were married‚ they purchased a condominium in Gatlinburg‚ Tennessee for vacation purposes. They purchased the condominium with marital funds and as tenants by the entirety. In 2004‚ Mark and Anna divorced‚ but maintained a friendly relationship. Since they both wanted to continue to have access to their condo in Gatlinburg‚ they had their lawyers insert the following clause into their divorce agreement: "Both parties hereto agree
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Chapter 1 INTRODUCTION Background of the Study Real Property is any property that is attached directly to land‚ as well as the land itself. Real property not only includes buildings and other structures‚ but also rights and interests. Local governments in the Philippines are vested with the power to create their own revenue sources. Such power must of course be exercised within the limitations set by law. The Local Government Code of 1991 allocated the taxing powers
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Myths about real American log homes In America the use of log homes increased tremendously and yet few people are hesitant about their use. This unwillingness is because of several myths that have developed over years and they are still impacting the people. Here are some of the common myths and the reality behind them: • Less energy efficiency – Thermal resistance and the potency to maintain a temperature inside a log house is considered impossible. It is true in case of those DIY strategies‚ where
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The challenges facing Estate Surveying and Valuation professional practice in Nigeria Experts in the building industry have listed some factors bedeviling Estate Surveying and Valuation Profession in the country. They include; [1] poor remuneration‚ [2] quackery‚ [3] stringent legislation‚ [4] lack of training and [5] falling standards of valuation practice. According to Solanke (2010)‚ stated that poor quality service‚ outdated scale of fees and unhealthy competitions are some of the major
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FAIR VALUE MEASUREMENT 1. The meaning of fair value Fair value is the price that would be received from the sell of an asset or will be paid to transfer a liability in an orderly transaction between the market participants and the measurement date [IFRS‚ 13 – A501]. However in accounting and economics‚ fair value is the rational and unbiased estimate of a possible market price of a good‚ service or an asset. Fair value takes into account many objectives and subjective factors such as: Objective
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