What Must Be Investigated and Summarized in Preparing for Settlement

question 35

Essay

What must be investigated and summarized in preparing for settlement? Why is this information necessary?

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Definitions:

Fee Simple

The most extensive interest in real estate available, granting the owner full possession and control, subject only to governmental restrictions.

Easement

A non-possessory right to use or enter onto another's property for a specified purpose, without owning it.

Co-Ownership

Co-Ownership is the joint ownership of property or assets by two or more parties, where each party holds an interest or stake in the shared ownership.

Joint Tenants

A form of co-ownership where parties own property equally with the right of survivorship.