- How Much Money Is Needed To Invest In Rental Property?
- Should A Real Estate Investor Get An Agent’s License?
- 5 Big Factors That Affect The Costs Of Renovating Your Home
- SIBOR Hike – What You Can Do With Your Current Loan
- 6 Basic Don’ts Of Real Estate Negotiation Tactics
- Will New Condo Relaunches Trigger The Great Property Sale We Have All Been Waiting For?
- 10 Proximity Amenities That Add Value To Real Estate
- How To Get Personal Loans More Easily With Good Credit
Inchoate
Inchoate is a legal term that basically means unfinished, incomplete, impartial, imperfect, begun but not completed, etc.
In the world of real estate, this word is most often come across with regards to mechanic’s liens and dower rights and curtesy rights.
Inchoate property rights for mechanics lien occurs when contracting work has commenced on a property but the lien has not been officially filed and would take effect once filed.
In states where dower rights is recognized, a wife having an interest on the land belonging to the husband during his lifetime can be described as inchoate dower interest.
When the legal implications of inchoate issues arise and you are unsure of what it means, it is best to consult the professional advice of a qualified real estate attorney who is familiar with local law.
0 comments