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Real Estate Law

by: Jennings,Marianne M.(Marianne M. Jennings)

Real Estate Law

by: Jennings,Marianne M.(Marianne M. Jennings)

ISBN 13:
9780324269949
ISBN 10:
0324269943
Edition: 7th
Format: Hardcover
Copyright: 04/29/2004
Publisher: South-Western College/West
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Summary

This text brings to life the color and law of real estate in day-to-day settings. In addition to the lively case selection, real estate professionals need a clear set of rules that will enable them to recognize, solve, and prevent legal problems.

PART 1: THE NATURE OF REAL ESTATE AND OWNERSHIP OF REAL ESTATE INTERESTS

Introduction and Sources of Real Estate Law

(14)

Sources of Real Estate Law

(11)

The United States Constitution

(1)

Federal Legislative Enactments

(1)

Federal Administrative Regulations

(1)

State Constitutions

(1)

State Legislative Enactments

(1)

State Administrative Regulations

(1)

County, City, and Borough Ordinances

(1)

Private Law

(1)

Court Decisions

(1)

Solow v. Wellner

(2)

Palais Partners v. Vollenweider

(2)

Justification for Studying Real Estate Law: Some Cautions and Conclusions

(3)

The Most Frequently Asked Real Estate Questions

(3)

Land Interests: Present and Future

(22)

Land Interests-Freehold Estates and Accompanying Future Interests

(11)

Freehold Estates

(1)

Fee Simple Absolute Ownership

(1)

Fee Simple Defeasible

(1)

Fee Simple Determinables and Possibility of Reverter

(2)

Possibility of Reverter---The Fee Simple Determinable Future Interest

(1)

Fee Simple Subject to a Condition Subsequent

(1)

Right of Entry/Power of Termination

(1)

Dennis v. Bird

(2)

Fee Tail Ownership

(1)

Life Estate Ownership

(1)

Reversions

(1)

Remainders

(2)

Executory Interests

(2)

Special Rules Governing Interests in Land

(5)

Lusk v. Broyles

(1)

Doctrine of Worthier Title

(1)

Rule Against Perpetuities

(2)

Texaco Refining and Marketing, Inc. v. Samowitz

(1)

Land Interests-Nonfreehold Estates

(1)

Economics of Land Interests

(1)

Cautions and Conclusions

(5)

Extent of Real Estate Interests

(28)

Land Interests Above the Surface

(9)

Air Rights

(1)

United States v. Causby

(3)

The Right to Light

(1)

Fontainebleau Hotel Corp. v. Forty-Five Twenty-Five, Inc.

(2)

Right to a View

(1)

Pierce v. Northeast Lake Washington Sewer and Water District

(2)

Surface and Subsurface Rights

(8)

Mineral Rights: Oil and Gas Ownership

(3)

Geothermal Energy

(1)

Water Rights

(2)

Stupak-Thrall v. United States

(2)

Protection of Property Rights

(3)

Trespass

(1)

Nuisance

(1)

Jordan v. Georgia Power Co.

(2)

Duties of Landowners

(4)

Trespassers

(1)

Licensees

(1)

Invitees

(1)

Breach of Duty

(1)

Delta Tau Delta v. Johnson

(2)

Cautions and Conclusions

(4)

Nonpossessory Interests in Real Estate

(20)

Easements

(15)

Types of Easements: Appurtenant v. Easements in Gross

(1)

Types of Easements: Affirmative v. Negative Easements

(1)

The Parties: Dominant v. Servient Estates

(1)

Creation of Easements

(2)

Granite Properties Limited Partnership v. Manns

(4)

Carnahan v. Moriah Property Owners Association, Inc.

(2)

Scope and Extent of Easements

(1)

Wetmore v. Ladies of Lorretto, Wheaton

(3)

Termination of Easements

(1)

Profits

(1)

Licenses

(1)

Covenants

(1)

Cautions and Conclusions

(4)

Fixtures

(18)

Definition of a Fixture

(9)

Degree of Annexation Test

(1)

Nature and Use of the Property

(1)

Relationship Between Annexor and Premises

(1)

Intent

(1)

Trade Fixtures

(1)

Who Wants to Know?

(1)

Mulford v. Fairfax Center LLC

(2)

Specialty Restaurants Corporation v. County of Los Angeles

(3)

A Word on Precautions

(1)

Attachments

(1)

Transfer of Title to Fixtures and Personal Property

(1)

Creditors' Rights in Fixtures

(5)

Scope of Article 9

(1)

Creation (Attachment) of Security Interest (9-203)

(1)

Purchase Money Security Interest in Fixtures (9-103)

(1)

Perfection of Security Interest (9-301)

(1)

General Rules of Priority Among Secured Creditors (9-317)

(1)

Exceptions to General Rules

(1)

Default by Debtor and Rights of Secured Party (9-604)

(2)

Cautions and Conclusions

(4)

Liens

103

(22)

Types of Liens

103

(2)

Statutory Liens

103

(1)

Equitable Liens

104

(1)

Voluntary v. Involuntary Liens

104

(1)

Judicial Liens

104

(1)

Mechanic's and Materials Liens

104

(1)

Creation of Mechanic's Liens

105

(11)

Who Is Subject to Lien?

105

(1)

Kansas City Heartland Construction Co. v. Maggie Jones Southport Cafe, Inc.

105

(3)

Mull, et al. v. Mickey's Lumber & Supply Co., Inc.

108

(1)

Who Is Entitled to a Lien?

109

(1)

Haz-Mat Response, Inc. v. Certified Waste Services Limited

109

(3)

Ontiveros v. Sanchez

112

(3)

What Property Is Subject to a Lien?

115

(1)

Procedural Aspects of Obtaining a Lien

116

(1)

Priority of Lien Interests

116

(4)

Attachment of Lien

116

(1)

Rights of Purchasers

117

(1)

Sundance Mechanical & Utility Corporation v. Atlas

117

(1)

Priority Among Mechanic's Liens

118

(1)

Mechanic's Liens and Fixture Filings

119

(1)

Mechanic's Liens and Homestead Exemption

119

(1)

Mechanic's Liens and Mortgages

119

(1)

Termination of Mechanic's Liens

120

(1)

Waiver or Release by Agreement

120

(1)

Lien Alternatives

120

(1)

Constitutionality of Mechanic's Liens

121

(1)

Cautions and Conclusions

121

(4)

Describing Land Interests

125

(18)

Methods of Describing Land Interests

125

(8)

Metes and Bounds

125

(1)

Foreman v. Sholl

126

(1)

Plat Map

127

(1)

McDonald v. Jones

128

(1)

Government Survey

129

(3)

Triplett v. David H. Fulstone Co.

132

(1)

Adequacy of Descriptions

133

(5)

Description by Popular Name

134

(1)

Wadsworth v. Moe

134

(1)

Description by Street Number

135

General Conveyances

(100)

Impermanent Descriptions

135

(1)

Interpretation of Descriptions

135

(1)

Withington v. Derrick

136

(2)

Cautions and Conclusions

138

(5)

PART 2: REAL ESTATE OWNERSHIP

Co-Ownership of Real Estate

143

(24)

Methods of Co-Ownership

144

(5)

Tenancies in Common

144

(1)

Joint Tenancies

144

(1)

The Language of a Joint Tenancy

144

(1)

Estate of Gulledge

145

(2)

Other Requirements for Joint Tenancy Creation: The Unities

147

(1)

Tenancies by Entirety and Other Survival Marital Property Interests

148

(1)

Tenancy in Partnership

148

(1)

Creditors' Rights and Co-Ownership

149

(1)

Rights and Responsibilities of Cotenants

150

(1)

Rents

150

(1)

Expenditures

150

(1)

Partition and Ouster

150

(1)

Marital Property Rights---Co-Ownership by Marriage

151

(1)

The Common Law---Dower Rights

151

(1)

Marital Property Rights-Co-Ownership by Marriage

151

(12)

The Common Law-Dower Rights

151

(1)

Punches v. Funches

152

(1)

The Common Law---Curtesy Rights

153

(1)

Statutory Marital Law---Community Property

153

(1)

Diosdado v. Diosdado

154

(2)

Extension of Property Rights to Relationships Beyond Marriage

156

(1)

Champion v. Frazier

156

(2)

Premarital or Antenuptial Agreements

158

(1)

In re Marriage of Bonds

159

(4)

Cautions and Conclusions

163

(4)

The Landlord-Tenant Relationship

167

(32)

Types of Tenancies

167

(2)

Tenancy for Years

168

(1)

Periodic Tenancy

168

(1)

Tenancy at Will

168

(1)

Tenancy at Sufferance

169

(1)

Terms of Lease Agreement

169

(12)

Need for Lease Agreement

169

(1)

Habitability

169

(1)

Schuman v. Kobets

170

(2)

Deposits

172

(2)

Amount of Rent

174

(1)

Rent Control

175

(1)

Fisher v. City of Berkeley California

175

(2)

Lease Term

177

(1)

Attorneys' Fees

177

(1)

Rules and Regulations

177

(1)

Berlinger v. Suburban Apartment Management

178

(1)

Landlord's Right of Access

179

(1)

Assignments and Subleases

179

(1)

Unconscionability

180

(1)

Rights and Responsibilities of Parties to Lease Agreement

181

(15)

Responsibilities of Landlords and Rights of Tenants

181

(1)

Minjak Co. v. Randolph

182

(2)

Casa Blanca Mobile Home Park v. Hill

184

(3)

Errico v. LaMountain

187

(3)

Department of Housing and Urban Development v. Rucker

190

(1)

Tenney v. Atlantic Associates

191

(3)

Rights of Landlords and Responsibilities of Tenants

194

(2)

Cautions and Conclusions

196

(3)

Commercial Leases

199

(32)

Formation of the Commercial Lease

199

(3)

Negotiations

199

(1)

Herring-Marathon Master Partnership B v. Boardwalk Fries, Inc.

200

(1)

The Lease Agreement

201

(1)

Topics in the Commercial Lease

202

(19)

The Lease Term

202

(1)

Premises Condition

202

(1)

Richard Barton Enterprises, Inc. v. Tsern

203

(3)

Bijan Designer for Men, Inc. v. St. Regis Sheraton Corporation

206

(2)

Condition of the Premises---The Sick Building Syndrome

208

(1)

Rent and Rent Terminology

209

(1)

Circle K Corporation v. Collins

210

(3)

Fixtures and Alterations

213

(1)

Operations

214

(1)

Common Areas

214

(1)

Sharon P. v. Arman, Ltd.

215

(2)

Americans with Disabilities Act

217

(1)

Staron v. McDonald's Corporation

217

(3)

Landlord's Right of Entry

220

(1)

Destruction and Damage to Premises

220

(1)

Breach

220

(1)

Landlord's Responsibility for Tenant's Conduct

221

(1)

Assignment of Leases

221

(1)

Shopping Center Leases--Specific Provisions

221

(5)

The Anchor Tenant

221

(1)

State v. Pearle Vision Center, Inc.

222

(2)

Business Restrictions

224

(1)

Child World, Inc. v. South Towne Centre, Ltd.

224

(2)

Cautions and Conclusions

226

(5)

Multiunit Real Estate Interests

231

(28)

Applicable Laws

232

(1)

Condominiums

232

(13)

Definition and Characteristics

232

(1)

Creation of Condominium

233

(2)

Nahrstedt v. Lakeside Village Condominium Association, Inc.

235

(4)

Bylaws, CCRs Regulations, and Condominium Homeowners' Associations: The Conflicts

239

(1)

LaSalle National Trust, N.A. (Carma McClure) v. Board of Directors of the 1100 Lake Shore Drive Condominium

240

(2)

Homeowners' Association Board Liabilities

242

(1)

Randol v. Atkinson

243

(2)

Cooperatives

245

(2)

Nature of Cooperatives

245

(1)

Kadera v. Superior Court and Consolidated Cooperative of Scottsdale East, Inc.

245

(1)

Creation of a Cooperative

246

(1)

Townhouses

247

(1)

Nature of Townhouses

247

(1)

Creation of Townhouses

248

(1)

Time-Sharing Interests

248

(2)

Nature of Time-Sharing Ownership

248

(1)

Creation of Time-Sharing Interests

249

(1)

Hybrids

250

(1)

Liability Issues in Multiunit Interests

250

(5)

Contractual Liability of Unit Owners

250

(1)

Tort Liability of Unit Owners

251

(1)

Martinez v. Woodmar IV Condominiums

252

(2)

Medcalf v. Washington Condominium Ass'n

254

(1)

Cautions and Conclusions

255

(4)

PART 3: TRANSFERRING TITLE TO REAL ESTATE

The Broker's Role in the Transfer of Real Estate

259

(38)

Nature of Broker's/Agent's Role

260

(1)

Definition

260

(1)

Traditional Principal/Agent Concepts vs. Principal/Broker Roles

260

(1)

The Types of Real Estate Broker Relationships

260

(4)

The Listing Agent

260

(1)

The Dual Agency

260

(1)

The Buyer Broker

261

(1)

The Open Listing Agency

261

(1)

The Exclusive Agency

261

(1)

The Exclusive Right-to-Sell or Exclusive Listing-to-Sell Agency

262

(1)

Multiple Listing Agency

262

(1)

The Subagency

262

(1)

Net Listing Agency

262

(1)

The Designated Agency

263

(1)

The Nonagent Broker

263

(1)

The Internet as an Agent

263

(1)

Listing Agreements for Hiring Brokers/Agents

264

(9)

Agreements in Writing

264

Signature by Owner

(201)

Importance of Careful Drafting and Completion of Standard Form Agreements

265

(1)

Expiration Date

265

(1)

Island Realty v. Bibbo

266

(2)

Amount of the Commission

268

(1)

Freeman v. San Diego Ass'n of Realtors

269

(2)

When Commission Is Due and Owing

271

(1)

Description of Property and Sale Terms

272

(1)

Conditions Precedent

272

(1)

Liability Limitations

272

(1)

Other Details

273

(1)

Responsibilities of Brokers/Agents

273

(1)

Authority

273

(1)

Antisolicitation Statutes

274

(1)

Duty of Care

274

(3)

Fiduciary Duty

275

(1)

Duty of Loyalty

276

(1)

Lombardo v. Albu

276

(1)

Legal Duties and Responsibilities to Third Parties

277

(6)

Misrepresentation

278

(1)

Nondisclosure

278

(1)

Robinson v. Grossman

279

(2)

``As Is'' Clauses

281

(1)

Statutory Duties of Disclosure

281

(1)

Disclosure, Discrimination, and Silence

282

(1)

Insurance Protection

283

(1)

Self-Protection

283

(1)

Licensing Requirements for Brokers/Agents

283

(4)

Requirements for Obtaining Licenses

283

(1)

Issuance of Licenses

284

(1)

Doing Business Without Licenses

284

(1)

Douglas v. Schuette

285

(2)

Exemptions from Licensing

287

(1)

Professional Organizations

287

(1)

Broker's/Agent's Legal Duties and Responsibilities to State

287

(4)

State

287

(1)

Suspension or Revocation of Real Estate License

288

(1)

Rights upon Suspension or Revocation

288

(1)

Dearborn v. Real Estate Agency

289

(2)

Relationships Among Brokers/Agents

291

(2)

Broker--Salesperson Relationship

291

(1)

Salesperson-Salesperson Relationship

291

(1)

Broker--Broker Relationship

291

(1)

Telluride Real Estate Company v. Penthouse Affiliates, LLC

292

(1)

Cautions and Conclusions

293

(4)

Methods of Transfer and Conveyance in Real Estate

297

(36)

Transfer of Property by Deed

298

(8)

Requirements for Valid Deed

298

(2)

Michaelson v. Michaelson

300

(6)

Types of Deeds

306

(3)

Quitclaim Deed

306

(1)

Warranty Deed

306

(1)

Schorsch v. Blader

307

(1)

Special Warranty Deed

308

(1)

Deed of Bargain and Sale

309

(1)

Judicial Deed

309

(1)

Transfer of Property by Adverse Possession

309

(5)

Actual and Exclusive Possession

310

(1)

Open, Visible, and Notorious Possession

310

(1)

Continuous and Peaceable Possession

310

(1)

Hostile and Adverse Possession

311

(1)

Possession for Required Statutory Period

311

(1)

Schultz v. Dew

312

(2)

Observations About Adverse Possession

314

(1)

Transfer of Property by Inter Vivos Gifts

314

(2)

Donative Intent

315

(1)

Delivery

315

(1)

Acceptance

315

(1)

Transfer of Property by Will or Intestate Succession

316

(1)

Transfer of Property by Eminent Domain

316

(1)

Protection of Title

316

(12)

Recording

316

(5)

Gensheimer v. Kneisley

321

(1)

Torrens System

322

(1)

Title Abstracts

322

(1)

Title Insurance

322

(2)

The Title Policy

324

(2)

Somerset Savings Bank v. Chicago Title Insurance Company

326

(2)

Uniform Laws and Proposals

328

(1)

Cautions and Conclusions

328

(5)

The Purchase Contract

333

(38)

Common Law Principles of Formation as Applied to Real Estate Contracts

333

(9)

Offer

333

(2)

Options

335

(1)

Board of Control of Eastern Michigan University v. Burgess

336

(2)

Acceptance

338

(1)

Gilmore v. Lujan

339

(2)

Consideration

341

(1)

Trengen v. Mongeon

341

(1)

Specific Requirements for Real Estate Contracts

342

(2)

Writing Requirements

343

(1)

Signature of Parties

343

(1)

Adequate Description of Property

344

(1)

Terms of Purchase Contracts

344

(17)

Property Identification

344

(1)

Earnest Money

345

(1)

Financing

345

(3)

Property Reports

348

(1)

Federal Disclosure Requirements

349

(1)

Condition of Premises

350

(2)

S Development Co. v. Pima Capital Management Co.

352

(3)

Environmental Contingency Clause

355

(1)

Risk of Loss

355

(1)

Recording the Contract

355

(1)

Closing Date and Escrow Instructions

356

(1)

Apportionments

356

(1)

Marketable Title

356

(2)

Remedies

358

(1)

Kelly v. Marx

359

(2)

Misrepresentation

361

(3)

Reed v. King

362

(2)

Disclosure Statutes

364

(1)

Psychological Disclosure Statutes

365

(1)

Cautions and Conclusions

365

(6)

Financing in the Transfer of Real Estate

371

(48)

The Mortgage

371

(35)

Parties to the Mortgage

372

(1)

Title Theory versus Lien Theory

372

(1)

Siffring Farms, Inc. v. Juranek

373

(1)

Creation of Mortgage Relationship

374

(1)

First American Bank of New York v. Sloane

375

(1)

Federal Regulation of Mortgage Debt Instruments

376

(5)

Debtor's Rights in Mortgage Credit Transactions

381

(3)

Debtor's Rights with Recording

384

(1)

Terms of the Mortgage

384

(3)

Types of Mortgages

387

(3)

Rights and Responsibilities of Mortgagor and Mortgagee

390

(1)

Comerica Bank-Illinois v. Harris Bank Hinsdale

391

(2)

Property Covered by the Mortgage

393

(1)

Transfers and Assignments by Mortgagor

393

(2)

Transfers and Assignments of Mortgages by Mortgagees

395

(1)

Satisfaction of the Mortgage

395

(1)

Foreclosure

395

(3)

Rao v. Towers Partners, L.L. C.

398

(3)

Hull v. North Adams Hoosac Savings Bank

401

(1)

Loan Workouts

402

(1)

Proceeds and Priorities upon Foreclosure

403

(1)

Postforeclosure Remedies---The Deficiency Judgment

404

(1)

Kawai America Corp. v. Hilton

405

(1)

Deeds of Trust

406

(1)

Relationship to Mortgages

406

(1)

Duties and Responsibilities of the Trustee

407

(1)

Installment Land Contracts

407

(2)

The Forfeiture Aspect

407

(1)

Title Problems

408

(1)

Tax Consequences

408

(1)

Regulation Z Application

408

(1)

Subdivision Trusts

409

(1)

Alternative Financing Methods

410

(2)

Shared-Appreciation or Equity-Participation Financing Mortgages

410

(1)

Wrap-Around Mortgages

410

(1)

Exchange or Trades

411

(1)

Lease-Purchase Agreements

411

(1)

The Broker, Regulation Z, and Alternative Financing

411

(1)

Cautions and Conclusions

412

(7)

Closing the Deal

419

(26)

The Nature of Closing

420

(1)

Where?

420

(1)

What?

420

(1)

Who?

420

(1)

The Closing Set-Up

421

(6)

Requirements for Setting Up the Escrow or Closing

421

(1)

Contents of Escrow or Closing Instructions

421

(2)

Documents to Be Delivered by Each Party

423

(1)

Cancellation of Escrow

424

(1)

Cancellations, Contingencies, and Contract Performance

424

(1)

Allan v. Martin

425

(2)

Responsibilities of the Lender in Closing---The Real Estate Settlement Procedures Act

427

(10)

Purpose of Respa

427

(1)

Application of Respa

427

(1)

Disclosures Under Respa

428

(2)

Disclosures Relating to Assignments

430

(1)

Prohibited Conduct Under Respa

431

(1)

Culpepper v. Inland Mortg. Corp.

431

(3)

Consumer Rights on Questions on Mortgage Accounts

434

(1)

Durr v. Intercounty Title Co. of Illinois

435

(1)

Limitations on Escrow Deposits Under Respa

436

(1)

Escrow Agent's Responsibilities

437

(5)

Escrow Agent's Duty to Follow Instructions

437

(1)

First Montana Title Company of Billings v. North Point Square Association

438

(1)

Escrow Agent's Fiduciary Responsibilities

439

(1)

Baker v. Stewart Title & Trust of Phoenix, Inc.

440

(1)

Escrow Agent's Duty of Care

441

(1)

Boalright v. Texas American Title Company

441

(1)

Cautions and Conclusions

442

(3)

Transferring Real Estate after Death: Wills, Estates, and Probate

445

(30)

Law of Wills, Estates, and Probate

446

(1)

Intestate Estates

446

(7)

Intestacy with No Surviving Spouse but with Descendants

447

(1)

Intestacy with No Surviving Spouse and No Descendants

447

(1)

Intestacy with No Surviving Relatives

447

(1)

Intestacy Terminology and Special Provisions

448

(2)

In the Matter of the Estate of Morris P. Van Der Veen

450

(3)

Wills

453

(14)

Purpose of a Will

453

(1)

Requirements for a Valid Will

454

(2)

Bracewell v. Bracewell

456

(3)

Will Contests

459

(2)

Ramsey v. Taylor

461

(3)

Disinheritance and Limitations on Distribution

464

(1)

Tortious Interference with Expectation of Inheritance

465

(1)

Living Wills

465

(1)

Living Trusts

466

(1)

Revocation of Wills

466

(1)

Probate

467

(3)

Purpose of Probate

467

(1)

Appointment of Party to Administer Probate

467

(1)

Application for or Opening of Probate

468

(1)

Collection of Assets

468

(1)

Determination and Payment of Debts

469

(1)

Distribution of Estate

469

(1)

Closing of Probate

470

(1)

Estate Tax Implications

470

(1)

Cautions and Conclusions

470

(5)

PART 4: REAL ESTATE DEVELOPMENT

Zoning

475

(22)

Purposes

475

(1)

Authority

476

(1)

Methods

476

(18)

Use Restrictions

476

(1)

Petition of Carpenter

477

(2)

Intensity Zoning

479

(1)

Aesthetic Zoning

479

(1)

Houghtaling v. City of Medina Board of Zoning Appeals

480

(1)

Telecommunications, Aesthetic Zoning, and Nimbys

481

(1)

Exclusionary Zoning

482

(1)

Interim Zoning

482

(1)

Social Issue Zoning

483

(1)

Lim v. City of Long Beach

483

(2)

City of Edmonds v. Oxford House, Inc.

485

(2)

Zoning as a Taking

487

(1)

Lucas v. South Carolina Coastal Council

488

(2)

Procedural Aspects

490

(1)

Adoption of Zoning Regulations

490

(1)

Exceptions from Zoning Regulations

491

(1)

Nonconforming Uses

491

(2)

Money v. Zoning Hearing Board of Haverford Township

493

(1)

Cautions and Conclusions

494

(3)

Constitutional Issues in Real Estate

497

(22)

Land Title and Constitutional Issues---Eminent Domain

497

(5)

Public Purpose

498

(1)

Taking or Regulating

498

(1)

Loretto v. Teleprompter Manhattan Catv Corp. et al.

498

(2)

Nollan v. California Coastal Commission

500

(2)

Just Compensation

502

(1)

Constitutional Issues in Land-Use Restrictions

502

(4)

Zoning

502

(1)

Annexation

503

(1)

Future Interests

503

(1)

All-Adult Convenants

503

(1)

Schmidt v. Superior Court

503

(3)

Constitutional Issues in Transfer of Property

506

(10)

Application of the Fair Housing Act

507

(1)

Types of Discriminatory Conduct Under the Fair Housing Act

507

(2)

Meyer v. Holley

509

(3)

United States v. American Institute of Real Estate Appraisers

512

(1)

Section 8 Housing and the Fair Housing Act

513

(1)

The Americans with Disabilities Act and Fair Housing

513

(1)

Salute v. Stratford Greens Apartments

514

(2)

Penalties Under the Fair Housing Act

516

(1)

Due Process and Real Property

516

(1)

Cautions and Conclusions

516

(3)

Environmental Law

519

(32)

Statutory Environmental Laws

519

(20)

Air Pollution Regulation

519

(3)

Water Pollution Regulation

522

(1)

Solid-Waste Disposal Regulation

523

(5)

Farmland Industries, Inc. v. Republic Insurance Co.

528

(1)

Acushnet Company v. Mohasco

529

(3)

Environmental Quality Regulation

532

(1)

Sierra Club v. United States Department of Transportation

532

(1)

Other Federal Environmental Regulations

533

(2)

Babbitt v. Sweet Home Chapter of Communities for a Great Oregon

535

(2)

Bennett v. Spear

537

(2)

State Environmental Laws

539

(1)

Enforcement of Environmental Laws

539

(7)

Parties Responsible for Enforcement

539

(1)

Criminal Sanctions for Violations

540

(1)

United States v. Johnson & Towers, Inc.

540

(1)

Civil Liability for Violations

541

(1)

T&E Industries, Inc. v. Safety Light Corp.

542

(3)

Jordan v. Georgia Power Co.

545

(1)

Cautions and Conclusions

546

(5)

Tax Aspects of Real Estate Ownership and Transfer

551

(18)

Property Taxes

551

(11)

Nordlinger v. Hahn

552

(1)

Assessment

553

(1)

C. R. Campbell Construction Co. v. City of Charleston

554

(1)

Methods of Valuation for Assessment

555

(1)

Mitsui Fudosan (U.S.A.), Inc. v. County of Los Angeles

556

(2)

Matter of Commerce Holding Corp. v. Board of Assessors of the Town of Babylon

558

(2)

Collection of Taxes

560

(2)

Income Tax and Real Property

562

(4)

Home Interest Deduction

562

(1)

Installment Sales

563

(1)

Sales of Property and Basis

563

(1)

Residential Property Sales, Basis, and Exclusions

564

(1)

Depreciation Issues in Real Estate

564

(1)

Property Exchanges

564

(1)

Capital Gains

565

(1)

Low Income Housing Credit

565

(1)

Real Estate Investment, Income, and Deductions

565

(1)

Cautions and Conclusions

566

(3)

Legal Issues in Land Acquisition, Finance, and Development

569

(70)

Land Acquisition

569

(5)

Market Analysis

569

(1)

Governmental Analysis

570

(1)

Southern Nevada Homebuilders Association, Inc. v. City of North Las Vegas

571

(2)

White v. Metropolitan Dade County

573

(1)

Governmental Approval

574

(1)

Zoning

574

(1)

Protests of Residents Exercising Rights

575

(1)

Other Agency Approvals

575

(1)

Land Finance

575

(16)

The Basics of Real Estate Syndication

576

(1)

Syndication Forms---General Partnerships

576

(2)

Syndication Forms---Limited Partnerships

578

(1)

American National Ins. Co. v. Gilroy, Sims & Associates, Ltd.

579

(2)

Syndication Forms---Corporations

581

(2)

Syndication Forms---Limited Liability Companies (LLC)

583

(1)

Syndication Forms---Limited Liability Partnerships (LLP)

584

(1)

Syndication Forms-Investment Trusts

585

(1)

Securities Issues in Finance and Syndication

586

(5)

Land Improvement and Construction

591

(14)

Legal Paperwork for Development and Construction

591

(1)

Cappello v. Ciresi

592

(3)

Construction Stage

595

(2)

Sasser & Company v. Griffin

597

(3)

Hoth v. White

600

(2)

Substantial Performance by Contractor

602

(1)

Compliance with Building Codes

602

(1)

Compliance with the Americans with Disabilities Act

603

(1)

Pinnock v. International House of Pancakes Franchisee

603

(2)

Sales of Sites

605

(1)

Cautions and Conclusions

605

(4)

Appendixes

Appendix A The U.S. Constitution (Excerpts)

609

(2)

Appendix B The Sherman Act

611

(2)

Appendix C The Fair Housing Act

613

(6)

Appendix D Interstate Land Sales Full Disclosure Act (ILSFDA)

619

(6)

Appendix E Truth-In-Lending Act

625

(6)

Appendix F Real Estate Settlement Procedures Act

631

(8)

Glossary

639

(16)

Index

655

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Real Estate Law

Real Estate Law

9780324269949

0324269943

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Table of Contents

Supplemental Materials

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Amazon no longer offers textbook rentals. We do!

Real Estate Law

Real Estate Law

9780324269949

0324269943

Summary

Table of Contents

Supplemental Materials

Write a Review

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