The court can not make a final determination regarding marital property when granting a limited divorce, but it can address issues
of possession of property while you're separated.
When items you own are used as collateral, the lender has the option to take
possession of the property if the loan is not paid back according to the repayment terms.
The key inquiry is whether it is unfair to allow a party to
retain possession of property — regardless of whether the party has possession based on wrongful conduct or by mistake.
The pre - EMI is the interest component that you pay monthly on the amount availed till the construction is complete and you
get possession of the property.
In assured tenancies, if the rent remains unpaid for a sum and a period prescribed by Ground 8 in Part I of the Schedule 2 to the 1988 Act, the landlord may be entitled to seek mandatory
possession of the property through a court order.
These schemes seem attractive to customers as they can book a dwelling unit under the current market prices, they can pay in Installments
after possession of the property via a Home Loan.
If the client requires
vacant possession of the property and the vendor serves the tenant with 60 days» notice on behalf of the purchaser, the purchaser will be liable if he / she chooses not to occupy the unit within a reasonable time (RTA, ss.
Section 21 provides that a landlord is automatically entitled to
recover possession of a property let on an AST provided that the requisite form of notice under the section is served.
We sell heavy - duty equipment under a conditional sales contract where the customer receives
possession of the property on December 1, 2007, but does not receive ownership of the property until full payment of the purchase price.
In California, squatters can «gain
legal possession of property as long as they comply with certain legal requirements,» according to SF Gate.
One of the ways a landlord can seek
possession of his property let under an Assured Shorthold Tenancy (AST) is by issuing a notice under s 21 of the Housing Act 1988 (HA 1988).
Foreclosure: The legal process in which a lender takes
possession of a property as a result of a mortgage default by the owner - borrower.
Lenders consider all of the following situations to be a transfer of ownership: the purchase of a property «subject to» the mortgage, the assumption of the mortgage debt by the property purchaser, and any exchange of
possession of the property under a land sales contract or any other land trust device.
Installment land contract: A contract in which the buyer takes
possession of the property while the seller retains the title to the property until the loan is paid.
While the MoJ figures report the number of cases that went to court and the number of court orders for possession granted, only the CML figures relate to
actual possessions of properties by first charge lenders in the UK.
For a Home Loan, projects which are under construction the customer is required to pay the only the Interest part of the Loan till the total Loan amount is
disbursed possession of the property.
Properties would proceed to the auction and the lenders would snap them back up at $ 100.00 apiece in most cases, and would then ultimately take
possession of the property once the Certificate of Title issued.
For example, Ontario buyers can take legal
possession of a property without a survey, but in Alberta a buyer must have a Real Property Report — a legal document that shows the location of visible improvements relative to property boundaries.