When you talk about commodities, most people think of tangible items like raw materials. Examples would be gold, silver, timber, food stuffs, and for bacon lovers, pork bellies. As valuable and even as necessary as those things are, when you stop and think about, there is something even more valuable to each of us: time. Time cannot be bottled, it cannot be “saved” or stored. But it can be spent, and hopefully wisely and prudently.
On May 21, 2019, Governor Ducey signed new provisions regulating short-term rentals. The new laws aim to curb issues where short-term rentals are perceived as increasing noise and traffic in residential neighborhoods or are operated as “party houses.” Among other things, these new laws return control to municipalities, require permits for special events (such as weddings or banquets), and mandate that a person be designated for handling complaints. Due to prompting by Sedona and Paradise Valley officials, other regulations may be in the works as well….
By: Bryan Eastin, Esq.
The Court of Appeals recently issued an opinion explaining how easements can be extinguished in certain circumstances. Specifically, the Court ruled, as a matter of first impression, that common ownership of adjoining parcels might eradicate an easement even if the title owners are technically different. Here is why this matters. Read More
COURT RULES THAT JUDGMENTS DO NOT ATTACH AS LIENS TO HOMESTEAD PROPERTIES
Most civil cases never reach the trial stage. Instead, they are settled before trial. However, in those smaller percentage of cases that proceed all the way to trial, the Court will award to the prevailing party a judgment. These judgments are typically recorded with the local county recorder’s office so that the judgment can attach as a “judgment-lien” on any non-exempt property owned by the debtor. Read More
Most real estate professionals understand that a purchase-money mortgage is senior to all other liens. But that is only mostly true. One important exception for all real estate professionals to be aware is the “PACA Trust.”
There are many ways for property owners to hold title to real estate. And there are many great estate planning options available to smoothly transfer title upon the owner’s death outside of probate, including the careful use of the beneficiary deed.