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Dubai Property Law and freehold: Overview: Prior to 1999 Non-GCC expatriates resident in Dubai were only permitted to rent or own property under UAE federal law approved 99-year leasehold interests. In 2002 – the Dubai government announced that it would permit expatriates to own freehold property in selected projects – and instantly created the Dubai [...]

The Sale and Rent Back Process Now that the sale and rent back sector has been regulated, each company has prescriptive guidelines, which they must adhere to. This ensures that the consumer is dealt within a consistent manner. However, whilst it is important to remember that the guidelines set out by the FSA ensure that [...]

Lease purchase agreements seem to be the current trend in real estate business. There are a lot of benefits that one gets from lease purchase agreement. In fact, it is easier to buy and sell homes these days. This attractive policy seems to have attracted several tenants and owners too. The current success formula that [...]

To establish harmony between the tenant and the owner in case of a lease, there should be a lease purchase agreement that is mutually benefiting both of them. There are certain things that are to be considered before getting the agreement ready. In fact, no matter who you are, the owner or the tenant, you [...]

We all know that a well written and high quality lease purchase agreement is helpful in protecting the interests of both the tenant and the owner. Hence, we should understand that there are some necessary things that have to be kept in mind before writing the perfect lease purchase agreement. 1. Be aware of your [...]

A lease purchase agreement lets an owner rent his house to a tenant and the tenant can buy the house at the end of the lease period. The price of the house will be mentioned in the initial agreement itself. This also involves some amount of money collected as deposit from the tenant. This can [...]

Lease purchase agreement is one of the recent techniques that have made the lives of the owners and tenants. In fact, it is like a “win-win” situation for both of them. In this current economic crisis, real estate business has been facing losses like never before. In such a situation, lease purchase agreement comes as [...]

It is the dream of almost every human being to own a house for himself. Often, it is not possible for various reasons. The reasons could be different for different set of people. Some of them maybe facing critical financial issues, while others may have not got their loan sanctioned. Whatever the reasons are, it [...]

Under Florida law, a homeowner’s answer to a foreclosure complaint may include the affirmative defense that the plaintiff lacks legal standing to obtain a judgment of foreclosure. Because many plaintiffs have no direct relationship with the original lender, they are sometimes unable to produce the original loan and assignment documents that are required of plaintiffs who [...]

The bursting of the housing bubble in the midst of a flagging economy has caused home values to drop precipitously. Zillow.com reports that national home values have fallen by about 12% in the last year alone. Home values in Portland, Oregon metropolitan area have dropped by about 11% in the last year alone, and some [...]