Thursday, February 16, 2017

Term For Years : Real Estate Investing 101

Okay, the secret is out.  I am currently studying for my bar exam.  In the process, I must study real property law and other areas of law that pertain to real estate and may be helpful to a real estate or land investor.  I figured since I was studying anyways, I might as well put each topic one video at a time.  I also started a YouTube channel which can be seen here.

A term for years, also known as a tenancy for years have 3 well known elements including:
  • Creation: A term for years is generally created in a written lease agreement
  • Fixed period of time: A term for years has a fixed period of time, meaning there is an express start date and end date.  This It may be for more or less than a year but they all have a beginning and an end.
  • Termination: The termination of a tenancy for years is automatic upon the end date of the lease.
Let me explain a bit further....

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