Sublease  A sublease trnasfers possession of a leased property to a new person called the sublessee. The original tenant, who is now the sublessor, is still primarily liable for paying the rent to the owner. The sublessee is only liable to the sublessor. THis type of lease is called a sandwich lease. For example : Dave leases a two-bedroom apartment at $1,000.00 per month on a two year lease from Adam. He lives there for six months until he is transferred to another part of the country. Hehas exactly 18 months left on the lease before  it expires. Dave knows the transfer is temporary and wants to return to his apartment at some time in the future. Steve accepts Bruce`s offer to sublease the apartment for one year at $1,200.00 per month and moves in. Since Steve`s sublease is with Dave, ... 12/31/2006

Appreciation and InflationIn recent years appreciation in the value of real estate has overtaken the annual rate of inflation and is the single largest indicator of inflation. Appreciation is the increase in market value if real estate. Inflation is the increase in the general price level of goods and services, or as a decrease in the purchasing power of the dollar. As the value of the dollar has decreased, passbook savings accounts and other forms of financial savings have lost their appeal as a whole as reliable to to save and invest for the future. Real estate has become a major menas by which people save money. This particularly holds true more so here in California where property has historically appreciated at such an alarmingly fast rate. California homeowners commonly refer to t... 12/20/2006

Judgments A judgement is the final determination of the rights of parties in a lawsuit by the court. A judgement does not automatically create a lien. A summary of the court decision known as an abstract of judgment, must be recorded with the county recorder. When the abstract of judgment is recorded, it is a general lien on all non-exempt property owned or acquired by the judgment debtor for exactly 10 years, in the county in which the abstract is filed. The court may force the sale of the property in order to satisfy the judgment by issuing a writ of execution. The sale is knon as an execution sale.EasementsAn easement is the right to enter or use someone else`s land for a specified purpose. The holder of an easement can use it only for the purpose intended and may not exclude anyone ... 12/19/2006