Homeowners Association (HOA) or Condominium Owner’s Association (COA) are two organizations that are formed to enforce restrictive covenants within communities. Moving into a new neighborhood may require you to join either organizations. Organizations such as HOA and...
Mineral rights are ownership rights in minerals below the surface of a property. Minerals include oil, sulfur, natural gas, gold, silver, copper, iron, coal, uranium, and salt under the surface estate of real property. Mineral rights are legally different than surface...
Depending on the nature of the business investment, you have rights as an investor to: (1) Ask for and receive information from a firm about the work history and background of the person handling your account, as well as information about the firm itself. (2) Receive...
What responsibilities do real estate brokers have in Texas? According to the Texas Real Estate Commission (TREC), real estate brokers have canons of professional ethics and conduct: Fidelity: real estate brokers must act as a trustee when representing agents, with an...
A demand letter is a formal notice often written by an attorney on behalf of a client demanding that the person or business cease or take action in effort to resolve the dispute before going to court. The purpose of a demand letter is to seek resolution and/or begin a...
Conducting Business in the Name of the LLC. It is very important that all necessary formalities be followed to maintain the existence and activities of the LLC distinct and separate from the Members and officers, in order to ensure that such persons do not become...
Selling your own property is a way to maximize the returns that you make on the transaction. If you don't work with a real estate agent, you won't have to worry about paying someone a certain percentage of the sale price. Additionally, if you choose to offer owner...
There are many ways to purchase a home, and some of them are faster or more affordable than others. Buying a property at a tax sale could be a way for you to get far more real estate than you otherwise would for a certain amount. However, with the possibility of...
Your situation may be governed by the Texas Residential Construction Liability Act (RCLA)? What is the RCLA? The RCLA is designed to promote settlement disputes between the homeowner and construction business owner. However, it does not normally apply to trades,...
An encroachment usually involves a neighbor’s portion of their real property that extends over the boundary line onto his neighbor’s property. The encouragement could be from a roof overhang, a sidewalk, a part of the driveway or even pool equipment. Other examples...
