There are situations where a person does not want to take title to real estate passed to them by will or inheritance. Some examples might include low value properties with large tax or assessment obligations, properties encumbered by substantial liens, or properties with large environmental risks. Other reasons for wanting to disclaim real estate might […]
Read more...Author: admin
When a Texas Property Manager May Be Liable for the Debts of the Property Owner
Property managers routinely contract for services to properties on behalf of the owner. Commercial real estate projects including apartment complexes, retail centers, and office buildings need a variety of services for things such as landscaping and janitorial. Service agreements are often signed and orders are placed without much thought as whether the property manager has […]
Read more...Suits in Texas For Real Estate Commissions
There are many types of oral contracts in Texas that are legally binding and enforceable under the law. For example, a homeowner might make an agreement with a landscaping service for weekly yard maintenance without any documentation. This is an example of a binding and enforceable agreement, and failure of the homeowner to render payment […]
Read more...Liability Between Co-Borrowers on a Note
A person who signs a note and promises to pay a certain sum is known as a maker on the note or payor. It is not uncommon in Texas for there to be multiple makers known as co-borrowers or co-makers on a note. While it is well known that co-borrowers are jointly and severally liable […]
Read more...Partition of Homestead Property in Texas
Partition is the division of land where property is divided (partition in kind) or sold (partition by sale). It is well known in Texas that co-owners of real estate have an absolute right of partition. Spires v. Hoover, 466 S.W.2d 344, 346 (Tex. Civ. App. 1971), writ refused NRE (July 28, 1971). However, does the […]
Read more...Gifts and Transfers of Real Estate Between Spouses
Spouses often have various reasons for transferring real estate between themselves. Reasons may include asset protection strategies, tax record preferences, a desire to make a gift, or a bona fide purchase between spouses. Below is a discussion of methods of transferring real estate between Texas spouses. Separate Property to Community Property Converting separate real estate […]
Read more...Sale of Minor’s Real Estate in Texas
It is not uncommon for minors to become owners of real property via inheritance or as distributees under a will in Texas. Minors (persons 18 years or younger) are generally considered incapacitated persons without the right to contract and cannot effectively sign a deed conveying title to real estate. This issue presents a problem for […]
Read more...Texas Certificate of Merit
Tort reform in Texas has made it critical for plaintiffs to ensure that all threshold requirements are met before filing lawsuits against certain professionals. Failure to comply with certain conditions precedent may have dire consequences. Texas law requires a plaintiff to file a certificate of merit contemporaneously with a lawsuit against certain licensed or registered […]
Read more...What Comes First: The Lien or the Homestead?
Texas is famous for having some of the strongest protections for homestead property in the country. The state is often described as a debtor’s haven where individuals with numerous judgements can live without fear of foreclosure in homes worth millions of dollars. With very limited exceptions such as purchase money liens and mechanic’s liens, the […]
Read more...Foreclosing on the Landlord’s Contractual Lien
Almost all Texas commercial leases include a section that provides a Texas landlord with a lien on the tenant’s fixtures and personal property. Often, these contractual liens are overlooked by both landlords and tenants until there is a default by the tenant. The below is an example of pertinent language from a typical landlord’s lien […]
Read more...