You’re an individual who just bought your dream home. Or you thought it was your dream home until coming across several things wrong with it that the seller didn’t tell you. Per Tennessee Code Annotated Sections 66-5-201 to 210 (The Residential Property Disclosure...
Year: 2022
Can you remove your business partner?
If a business partner no longer shares a common interest with the other partners or is a liability to the business, it is possible to remove them from the partnership. However, removing a partner may not be as easy, especially if their departure is involuntary. There...
4 types of takings under eminent domain
For many people, their biggest goal is owning a home and having the freedom to do whatever they want with it. However, this dream could quickly shatter if the government decides to step in to claim it for itself. While this may seem unlikely, this is the reality for...
4 justifications the government can use to take your land
Under the doctrine of eminent domain, there are circumstances where the government can take your property without your consent. Thankfully, it’s not as easy as simply turning up and taking it. There is a legal process that needs to be followed and it needs to prove...
The pros and cons of having business partners
You enjoy being your own boss, but it’s a lot of work to handle alone. Therefore, you might have considered bringing on a business partner or two. If you opt for a business partnership, you have to follow the rules outlined in the Tennessee Uniform Partnership Act. ...
When does eminent domain apply?
The government sometimes needs to take over private property for public use. Fortunately, they can’t just claim a person’s land and take it. Instead, they must go through a process that includes proving that the land needs to be used by the public. They must also pay...
How to avoid common real estate disputes
When considering investing in real estate, the first thing that comes to mind is identifying the right property to invest in, getting the funding needed, and earning a good return on the investment. However, there is more to real estate than that. Disputes can arise...
Did you find mold in your home after construction was finished?
You had a dream home in mind so you went ahead and planned to have it built. After many months of working alongside contractors and construction workers, your home was done and livable. You thought, since it was a newly built home, there wouldn’t be any problems – but...
My contractor has abandoned the job: What do I do?
As a real estate investor, you are certainly going to interact with contractors. From constructing new homes and establishments to flipping houses for a living, you will inevitably engage a contractor at some point. However, working with contractors is not always a...
What does it mean to take on a silent partner?
A silent partner is typically someone who invests in a business and shares in the revenue or profits. If a company goes public, the silent partner may own shares of stock. Silent partners typically don’t play a role in the operational or decision-making aspects of the...