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Real Estate Law

by
Edition:
7th
ISBN13:

9780324269949

ISBN10:
0324269943
Format:
Hardcover
Pub. Date:
4/29/2004
Publisher(s):
South-Western College/West
List Price: $208.66

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Summary

This text brings to life the color and law of real estate in day-to-day settings. In addition to the lively case selection, real estate professionals need a clear set of rules that will enable them to recognize, solve, and prevent legal problems.

Table of Contents

PART 1: THE NATURE OF REAL ESTATE AND OWNERSHIP OF REAL ESTATE INTERESTS
Introduction and Sources of Real Estate Law
1(14)
Sources of Real Estate Law
1(11)
The United States Constitution
2(1)
Federal Legislative Enactments
3(1)
Federal Administrative Regulations
4(1)
State Constitutions
5(1)
State Legislative Enactments
5(1)
State Administrative Regulations
5(1)
County, City, and Borough Ordinances
6(1)
Private Law
6(1)
Court Decisions
7(1)
Solow v. Wellner
8(2)
Palais Partners v. Vollenweider
10(2)
Justification for Studying Real Estate Law: Some Cautions and Conclusions
12(3)
The Most Frequently Asked Real Estate Questions
12(3)
Land Interests: Present and Future
15(22)
Land Interests-Freehold Estates and Accompanying Future Interests
16(11)
Freehold Estates
16(1)
Fee Simple Absolute Ownership
16(1)
Fee Simple Defeasible
16(1)
Fee Simple Determinables and Possibility of Reverter
16(2)
Possibility of Reverter---The Fee Simple Determinable Future Interest
18(1)
Fee Simple Subject to a Condition Subsequent
18(1)
Right of Entry/Power of Termination
18(1)
Dennis v. Bird
19(2)
Fee Tail Ownership
21(1)
Life Estate Ownership
22(1)
Reversions
23(1)
Remainders
23(2)
Executory Interests
25(2)
Special Rules Governing Interests in Land
27(5)
Lusk v. Broyles
27(1)
Doctrine of Worthier Title
28(1)
Rule Against Perpetuities
29(2)
Texaco Refining and Marketing, Inc. v. Samowitz
31(1)
Land Interests-Nonfreehold Estates
32(1)
Economics of Land Interests
32(1)
Cautions and Conclusions
32(5)
Extent of Real Estate Interests
37(28)
Land Interests Above the Surface
37(9)
Air Rights
37(1)
United States v. Causby
38(3)
The Right to Light
41(1)
Fontainebleau Hotel Corp. v. Forty-Five Twenty-Five, Inc.
42(2)
Right to a View
44(1)
Pierce v. Northeast Lake Washington Sewer and Water District
44(2)
Surface and Subsurface Rights
46(8)
Mineral Rights: Oil and Gas Ownership
47(3)
Geothermal Energy
50(1)
Water Rights
50(2)
Stupak-Thrall v. United States
52(2)
Protection of Property Rights
54(3)
Trespass
54(1)
Nuisance
54(1)
Jordan v. Georgia Power Co.
55(2)
Duties of Landowners
57(4)
Trespassers
57(1)
Licensees
57(1)
Invitees
57(1)
Breach of Duty
58(1)
Delta Tau Delta v. Johnson
59(2)
Cautions and Conclusions
61(4)
Nonpossessory Interests in Real Estate
65(20)
Easements
65(15)
Types of Easements: Appurtenant v. Easements in Gross
65(1)
Types of Easements: Affirmative v. Negative Easements
66(1)
The Parties: Dominant v. Servient Estates
67(1)
Creation of Easements
67(2)
Granite Properties Limited Partnership v. Manns
69(4)
Carnahan v. Moriah Property Owners Association, Inc.
73(2)
Scope and Extent of Easements
75(1)
Wetmore v. Ladies of Lorretto, Wheaton
76(3)
Termination of Easements
79(1)
Profits
80(1)
Licenses
80(1)
Covenants
81(1)
Cautions and Conclusions
81(4)
Fixtures
85(18)
Definition of a Fixture
85(9)
Degree of Annexation Test
86(1)
Nature and Use of the Property
86(1)
Relationship Between Annexor and Premises
86(1)
Intent
87(1)
Trade Fixtures
87(1)
Who Wants to Know?
87(1)
Mulford v. Fairfax Center LLC
88(2)
Specialty Restaurants Corporation v. County of Los Angeles
90(3)
A Word on Precautions
93(1)
Attachments
94(1)
Transfer of Title to Fixtures and Personal Property
94(1)
Creditors' Rights in Fixtures
94(5)
Scope of Article 9
94(1)
Creation (Attachment) of Security Interest (9-203)
94(1)
Purchase Money Security Interest in Fixtures (9-103)
95(1)
Perfection of Security Interest (9-301)
95(1)
General Rules of Priority Among Secured Creditors (9-317)
96(1)
Exceptions to General Rules
97(1)
Default by Debtor and Rights of Secured Party (9-604)
97(2)
Cautions and Conclusions
99(4)
Liens
103(22)
Types of Liens
103(2)
Statutory Liens
103(1)
Equitable Liens
104(1)
Voluntary v. Involuntary Liens
104(1)
Judicial Liens
104(1)
Mechanic's and Materials Liens
104(1)
Creation of Mechanic's Liens
105(11)
Who Is Subject to Lien?
105(1)
Kansas City Heartland Construction Co. v. Maggie Jones Southport Cafe, Inc.
105(3)
Mull, et al. v. Mickey's Lumber & Supply Co., Inc.
108(1)
Who Is Entitled to a Lien?
109(1)
Haz-Mat Response, Inc. v. Certified Waste Services Limited
109(3)
Ontiveros v. Sanchez
112(3)
What Property Is Subject to a Lien?
115(1)
Procedural Aspects of Obtaining a Lien
116(1)
Priority of Lien Interests
116(4)
Attachment of Lien
116(1)
Rights of Purchasers
117(1)
Sundance Mechanical & Utility Corporation v. Atlas
117(1)
Priority Among Mechanic's Liens
118(1)
Mechanic's Liens and Fixture Filings
119(1)
Mechanic's Liens and Homestead Exemption
119(1)
Mechanic's Liens and Mortgages
119(1)
Termination of Mechanic's Liens
120(1)
Waiver or Release by Agreement
120(1)
Lien Alternatives
120(1)
Constitutionality of Mechanic's Liens
121(1)
Cautions and Conclusions
121(4)
Describing Land Interests
125(18)
Methods of Describing Land Interests
125(8)
Metes and Bounds
125(1)
Foreman v. Sholl
126(1)
Plat Map
127(1)
McDonald v. Jones
128(1)
Government Survey
129(3)
Triplett v. David H. Fulstone Co.
132(1)
Adequacy of Descriptions
133(5)
Description by Popular Name
134(1)
Wadsworth v. Moe
134(1)
Description by Street Number
135
General Conveyances
35(100)
Impermanent Descriptions
135(1)
Interpretation of Descriptions
135(1)
Withington v. Derrick
136(2)
Cautions and Conclusions
138(5)
PART 2: REAL ESTATE OWNERSHIP
Co-Ownership of Real Estate
143(24)
Methods of Co-Ownership
144(5)
Tenancies in Common
144(1)
Joint Tenancies
144(1)
The Language of a Joint Tenancy
144(1)
Estate of Gulledge
145(2)
Other Requirements for Joint Tenancy Creation: The Unities
147(1)
Tenancies by Entirety and Other Survival Marital Property Interests
148(1)
Tenancy in Partnership
148(1)
Creditors' Rights and Co-Ownership
149(1)
Rights and Responsibilities of Cotenants
150(1)
Rents
150(1)
Expenditures
150(1)
Partition and Ouster
150(1)
Marital Property Rights---Co-Ownership by Marriage
151(1)
The Common Law---Dower Rights
151(1)
Marital Property Rights-Co-Ownership by Marriage
151(12)
The Common Law-Dower Rights
151(1)
Punches v. Funches
152(1)
The Common Law---Curtesy Rights
153(1)
Statutory Marital Law---Community Property
153(1)
Diosdado v. Diosdado
154(2)
Extension of Property Rights to Relationships Beyond Marriage
156(1)
Champion v. Frazier
156(2)
Premarital or Antenuptial Agreements
158(1)
In re Marriage of Bonds
159(4)
Cautions and Conclusions
163(4)
The Landlord-Tenant Relationship
167(32)
Types of Tenancies
167(2)
Tenancy for Years
168(1)
Periodic Tenancy
168(1)
Tenancy at Will
168(1)
Tenancy at Sufferance
169(1)
Terms of Lease Agreement
169(12)
Need for Lease Agreement
169(1)
Habitability
169(1)
Schuman v. Kobets
170(2)
Deposits
172(2)
Amount of Rent
174(1)
Rent Control
175(1)
Fisher v. City of Berkeley California
175(2)
Lease Term
177(1)
Attorneys' Fees
177(1)
Rules and Regulations
177(1)
Berlinger v. Suburban Apartment Management
178(1)
Landlord's Right of Access
179(1)
Assignments and Subleases
179(1)
Unconscionability
180(1)
Rights and Responsibilities of Parties to Lease Agreement
181(15)
Responsibilities of Landlords and Rights of Tenants
181(1)
Minjak Co. v. Randolph
182(2)
Casa Blanca Mobile Home Park v. Hill
184(3)
Errico v. LaMountain
187(3)
Department of Housing and Urban Development v. Rucker
190(1)
Tenney v. Atlantic Associates
191(3)
Rights of Landlords and Responsibilities of Tenants
194(2)
Cautions and Conclusions
196(3)
Commercial Leases
199(32)
Formation of the Commercial Lease
199(3)
Negotiations
199(1)
Herring-Marathon Master Partnership B v. Boardwalk Fries, Inc.
200(1)
The Lease Agreement
201(1)
Topics in the Commercial Lease
202(19)
The Lease Term
202(1)
Premises Condition
202(1)
Richard Barton Enterprises, Inc. v. Tsern
203(3)
Bijan Designer for Men, Inc. v. St. Regis Sheraton Corporation
206(2)
Condition of the Premises---The Sick Building Syndrome
208(1)
Rent and Rent Terminology
209(1)
Circle K Corporation v. Collins
210(3)
Fixtures and Alterations
213(1)
Operations
214(1)
Common Areas
214(1)
Sharon P. v. Arman, Ltd.
215(2)
Americans with Disabilities Act
217(1)
Staron v. McDonald's Corporation
217(3)
Landlord's Right of Entry
220(1)
Destruction and Damage to Premises
220(1)
Breach
220(1)
Landlord's Responsibility for Tenant's Conduct
221(1)
Assignment of Leases
221(1)
Shopping Center Leases--Specific Provisions
221(5)
The Anchor Tenant
221(1)
State v. Pearle Vision Center, Inc.
222(2)
Business Restrictions
224(1)
Child World, Inc. v. South Towne Centre, Ltd.
224(2)
Cautions and Conclusions
226(5)
Multiunit Real Estate Interests
231(28)
Applicable Laws
232(1)
Condominiums
232(13)
Definition and Characteristics
232(1)
Creation of Condominium
233(2)
Nahrstedt v. Lakeside Village Condominium Association, Inc.
235(4)
Bylaws, CCRs Regulations, and Condominium Homeowners' Associations: The Conflicts
239(1)
LaSalle National Trust, N.A. (Carma McClure) v. Board of Directors of the 1100 Lake Shore Drive Condominium
240(2)
Homeowners' Association Board Liabilities
242(1)
Randol v. Atkinson
243(2)
Cooperatives
245(2)
Nature of Cooperatives
245(1)
Kadera v. Superior Court and Consolidated Cooperative of Scottsdale East, Inc.
245(1)
Creation of a Cooperative
246(1)
Townhouses
247(1)
Nature of Townhouses
247(1)
Creation of Townhouses
248(1)
Time-Sharing Interests
248(2)
Nature of Time-Sharing Ownership
248(1)
Creation of Time-Sharing Interests
249(1)
Hybrids
250(1)
Liability Issues in Multiunit Interests
250(5)
Contractual Liability of Unit Owners
250(1)
Tort Liability of Unit Owners
251(1)
Martinez v. Woodmar IV Condominiums
252(2)
Medcalf v. Washington Condominium Ass'n
254(1)
Cautions and Conclusions
255(4)
PART 3: TRANSFERRING TITLE TO REAL ESTATE
The Broker's Role in the Transfer of Real Estate
259(38)
Nature of Broker's/Agent's Role
260(1)
Definition
260(1)
Traditional Principal/Agent Concepts vs. Principal/Broker Roles
260(1)
The Types of Real Estate Broker Relationships
260(4)
The Listing Agent
260(1)
The Dual Agency
260(1)
The Buyer Broker
261(1)
The Open Listing Agency
261(1)
The Exclusive Agency
261(1)
The Exclusive Right-to-Sell or Exclusive Listing-to-Sell Agency
262(1)
Multiple Listing Agency
262(1)
The Subagency
262(1)
Net Listing Agency
262(1)
The Designated Agency
263(1)
The Nonagent Broker
263(1)
The Internet as an Agent
263(1)
Listing Agreements for Hiring Brokers/Agents
264(9)
Agreements in Writing
264
Signature by Owner
64(201)
Importance of Careful Drafting and Completion of Standard Form Agreements
265(1)
Expiration Date
265(1)
Island Realty v. Bibbo
266(2)
Amount of the Commission
268(1)
Freeman v. San Diego Ass'n of Realtors
269(2)
When Commission Is Due and Owing
271(1)
Description of Property and Sale Terms
272(1)
Conditions Precedent
272(1)
Liability Limitations
272(1)
Other Details
273(1)
Responsibilities of Brokers/Agents
273(1)
Authority
273(1)
Antisolicitation Statutes
274(1)
Duty of Care
274(3)
Fiduciary Duty
275(1)
Duty of Loyalty
276(1)
Lombardo v. Albu
276(1)
Legal Duties and Responsibilities to Third Parties
277(6)
Misrepresentation
278(1)
Nondisclosure
278(1)
Robinson v. Grossman
279(2)
``As Is'' Clauses
281(1)
Statutory Duties of Disclosure
281(1)
Disclosure, Discrimination, and Silence
282(1)
Insurance Protection
283(1)
Self-Protection
283(1)
Licensing Requirements for Brokers/Agents
283(4)
Requirements for Obtaining Licenses
283(1)
Issuance of Licenses
284(1)
Doing Business Without Licenses
284(1)
Douglas v. Schuette
285(2)
Exemptions from Licensing
287(1)
Professional Organizations
287(1)
Broker's/Agent's Legal Duties and Responsibilities to State
287(4)
State
287(1)
Suspension or Revocation of Real Estate License
288(1)
Rights upon Suspension or Revocation
288(1)
Dearborn v. Real Estate Agency
289(2)
Relationships Among Brokers/Agents
291(2)
Broker--Salesperson Relationship
291(1)
Salesperson-Salesperson Relationship
291(1)
Broker--Broker Relationship
291(1)
Telluride Real Estate Company v. Penthouse Affiliates, LLC
292(1)
Cautions and Conclusions
293(4)
Methods of Transfer and Conveyance in Real Estate
297(36)
Transfer of Property by Deed
298(8)
Requirements for Valid Deed
298(2)
Michaelson v. Michaelson
300(6)
Types of Deeds
306(3)
Quitclaim Deed
306(1)
Warranty Deed
306(1)
Schorsch v. Blader
307(1)
Special Warranty Deed
308(1)
Deed of Bargain and Sale
309(1)
Judicial Deed
309(1)
Transfer of Property by Adverse Possession
309(5)
Actual and Exclusive Possession
310(1)
Open, Visible, and Notorious Possession
310(1)
Continuous and Peaceable Possession
310(1)
Hostile and Adverse Possession
311(1)
Possession for Required Statutory Period
311(1)
Schultz v. Dew
312(2)
Observations About Adverse Possession
314(1)
Transfer of Property by Inter Vivos Gifts
314(2)
Donative Intent
315(1)
Delivery
315(1)
Acceptance
315(1)
Transfer of Property by Will or Intestate Succession
316(1)
Transfer of Property by Eminent Domain
316(1)
Protection of Title
316(12)
Recording
316(5)
Gensheimer v. Kneisley
321(1)
Torrens System
322(1)
Title Abstracts
322(1)
Title Insurance
322(2)
The Title Policy
324(2)
Somerset Savings Bank v. Chicago Title Insurance Company
326(2)
Uniform Laws and Proposals
328(1)
Cautions and Conclusions
328(5)
The Purchase Contract
333(38)
Common Law Principles of Formation as Applied to Real Estate Contracts
333(9)
Offer
333(2)
Options
335(1)
Board of Control of Eastern Michigan University v. Burgess
336(2)
Acceptance
338(1)
Gilmore v. Lujan
339(2)
Consideration
341(1)
Trengen v. Mongeon
341(1)
Specific Requirements for Real Estate Contracts
342(2)
Writing Requirements
343(1)
Signature of Parties
343(1)
Adequate Description of Property
344(1)
Terms of Purchase Contracts
344(17)
Property Identification
344(1)
Earnest Money
345(1)
Financing
345(3)
Property Reports
348(1)
Federal Disclosure Requirements
349(1)
Condition of Premises
350(2)
S Development Co. v. Pima Capital Management Co.
352(3)
Environmental Contingency Clause
355(1)
Risk of Loss
355(1)
Recording the Contract
355(1)
Closing Date and Escrow Instructions
356(1)
Apportionments
356(1)
Marketable Title
356(2)
Remedies
358(1)
Kelly v. Marx
359(2)
Misrepresentation
361(3)
Reed v. King
362(2)
Disclosure Statutes
364(1)
Psychological Disclosure Statutes
365(1)
Cautions and Conclusions
365(6)
Financing in the Transfer of Real Estate
371(48)
The Mortgage
371(35)
Parties to the Mortgage
372(1)
Title Theory versus Lien Theory
372(1)
Siffring Farms, Inc. v. Juranek
373(1)
Creation of Mortgage Relationship
374(1)
First American Bank of New York v. Sloane
375(1)
Federal Regulation of Mortgage Debt Instruments
376(5)
Debtor's Rights in Mortgage Credit Transactions
381(3)
Debtor's Rights with Recording
384(1)
Terms of the Mortgage
384(3)
Types of Mortgages
387(3)
Rights and Responsibilities of Mortgagor and Mortgagee
390(1)
Comerica Bank-Illinois v. Harris Bank Hinsdale
391(2)
Property Covered by the Mortgage
393(1)
Transfers and Assignments by Mortgagor
393(2)
Transfers and Assignments of Mortgages by Mortgagees
395(1)
Satisfaction of the Mortgage
395(1)
Foreclosure
395(3)
Rao v. Towers Partners, L.L. C.
398(3)
Hull v. North Adams Hoosac Savings Bank
401(1)
Loan Workouts
402(1)
Proceeds and Priorities upon Foreclosure
403(1)
Postforeclosure Remedies---The Deficiency Judgment
404(1)
Kawai America Corp. v. Hilton
405(1)
Deeds of Trust
406(1)
Relationship to Mortgages
406(1)
Duties and Responsibilities of the Trustee
407(1)
Installment Land Contracts
407(2)
The Forfeiture Aspect
407(1)
Title Problems
408(1)
Tax Consequences
408(1)
Regulation Z Application
408(1)
Subdivision Trusts
409(1)
Alternative Financing Methods
410(2)
Shared-Appreciation or Equity-Participation Financing Mortgages
410(1)
Wrap-Around Mortgages
410(1)
Exchange or Trades
411(1)
Lease-Purchase Agreements
411(1)
The Broker, Regulation Z, and Alternative Financing
411(1)
Cautions and Conclusions
412(7)
Closing the Deal
419(26)
The Nature of Closing
420(1)
Where?
420(1)
What?
420(1)
Who?
420(1)
The Closing Set-Up
421(6)
Requirements for Setting Up the Escrow or Closing
421(1)
Contents of Escrow or Closing Instructions
421(2)
Documents to Be Delivered by Each Party
423(1)
Cancellation of Escrow
424(1)
Cancellations, Contingencies, and Contract Performance
424(1)
Allan v. Martin
425(2)
Responsibilities of the Lender in Closing---The Real Estate Settlement Procedures Act
427(10)
Purpose of Respa
427(1)
Application of Respa
427(1)
Disclosures Under Respa
428(2)
Disclosures Relating to Assignments
430(1)
Prohibited Conduct Under Respa
431(1)
Culpepper v. Inland Mortg. Corp.
431(3)
Consumer Rights on Questions on Mortgage Accounts
434(1)
Durr v. Intercounty Title Co. of Illinois
435(1)
Limitations on Escrow Deposits Under Respa
436(1)
Escrow Agent's Responsibilities
437(5)
Escrow Agent's Duty to Follow Instructions
437(1)
First Montana Title Company of Billings v. North Point Square Association
438(1)
Escrow Agent's Fiduciary Responsibilities
439(1)
Baker v. Stewart Title & Trust of Phoenix, Inc.
440(1)
Escrow Agent's Duty of Care
441(1)
Boalright v. Texas American Title Company
441(1)
Cautions and Conclusions
442(3)
Transferring Real Estate after Death: Wills, Estates, and Probate
445(30)
Law of Wills, Estates, and Probate
446(1)
Intestate Estates
446(7)
Intestacy with No Surviving Spouse but with Descendants
447(1)
Intestacy with No Surviving Spouse and No Descendants
447(1)
Intestacy with No Surviving Relatives
447(1)
Intestacy Terminology and Special Provisions
448(2)
In the Matter of the Estate of Morris P. Van Der Veen
450(3)
Wills
453(14)
Purpose of a Will
453(1)
Requirements for a Valid Will
454(2)
Bracewell v. Bracewell
456(3)
Will Contests
459(2)
Ramsey v. Taylor
461(3)
Disinheritance and Limitations on Distribution
464(1)
Tortious Interference with Expectation of Inheritance
465(1)
Living Wills
465(1)
Living Trusts
466(1)
Revocation of Wills
466(1)
Probate
467(3)
Purpose of Probate
467(1)
Appointment of Party to Administer Probate
467(1)
Application for or Opening of Probate
468(1)
Collection of Assets
468(1)
Determination and Payment of Debts
469(1)
Distribution of Estate
469(1)
Closing of Probate
470(1)
Estate Tax Implications
470(1)
Cautions and Conclusions
470(5)
PART 4: REAL ESTATE DEVELOPMENT
Zoning
475(22)
Purposes
475(1)
Authority
476(1)
Methods
476(18)
Use Restrictions
476(1)
Petition of Carpenter
477(2)
Intensity Zoning
479(1)
Aesthetic Zoning
479(1)
Houghtaling v. City of Medina Board of Zoning Appeals
480(1)
Telecommunications, Aesthetic Zoning, and Nimbys
481(1)
Exclusionary Zoning
482(1)
Interim Zoning
482(1)
Social Issue Zoning
483(1)
Lim v. City of Long Beach
483(2)
City of Edmonds v. Oxford House, Inc.
485(2)
Zoning as a Taking
487(1)
Lucas v. South Carolina Coastal Council
488(2)
Procedural Aspects
490(1)
Adoption of Zoning Regulations
490(1)
Exceptions from Zoning Regulations
491(1)
Nonconforming Uses
491(2)
Money v. Zoning Hearing Board of Haverford Township
493(1)
Cautions and Conclusions
494(3)
Constitutional Issues in Real Estate
497(22)
Land Title and Constitutional Issues---Eminent Domain
497(5)
Public Purpose
498(1)
Taking or Regulating
498(1)
Loretto v. Teleprompter Manhattan Catv Corp. et al.
498(2)
Nollan v. California Coastal Commission
500(2)
Just Compensation
502(1)
Constitutional Issues in Land-Use Restrictions
502(4)
Zoning
502(1)
Annexation
503(1)
Future Interests
503(1)
All-Adult Convenants
503(1)
Schmidt v. Superior Court
503(3)
Constitutional Issues in Transfer of Property
506(10)
Application of the Fair Housing Act
507(1)
Types of Discriminatory Conduct Under the Fair Housing Act
507(2)
Meyer v. Holley
509(3)
United States v. American Institute of Real Estate Appraisers
512(1)
Section 8 Housing and the Fair Housing Act
513(1)
The Americans with Disabilities Act and Fair Housing
513(1)
Salute v. Stratford Greens Apartments
514(2)
Penalties Under the Fair Housing Act
516(1)
Due Process and Real Property
516(1)
Cautions and Conclusions
516(3)
Environmental Law
519(32)
Statutory Environmental Laws
519(20)
Air Pollution Regulation
519(3)
Water Pollution Regulation
522(1)
Solid-Waste Disposal Regulation
523(5)
Farmland Industries, Inc. v. Republic Insurance Co.
528(1)
Acushnet Company v. Mohasco
529(3)
Environmental Quality Regulation
532(1)
Sierra Club v. United States Department of Transportation
532(1)
Other Federal Environmental Regulations
533(2)
Babbitt v. Sweet Home Chapter of Communities for a Great Oregon
535(2)
Bennett v. Spear
537(2)
State Environmental Laws
539(1)
Enforcement of Environmental Laws
539(7)
Parties Responsible for Enforcement
539(1)
Criminal Sanctions for Violations
540(1)
United States v. Johnson & Towers, Inc.
540(1)
Civil Liability for Violations
541(1)
T&E Industries, Inc. v. Safety Light Corp.
542(3)
Jordan v. Georgia Power Co.
545(1)
Cautions and Conclusions
546(5)
Tax Aspects of Real Estate Ownership and Transfer
551(18)
Property Taxes
551(11)
Nordlinger v. Hahn
552(1)
Assessment
553(1)
C. R. Campbell Construction Co. v. City of Charleston
554(1)
Methods of Valuation for Assessment
555(1)
Mitsui Fudosan (U.S.A.), Inc. v. County of Los Angeles
556(2)
Matter of Commerce Holding Corp. v. Board of Assessors of the Town of Babylon
558(2)
Collection of Taxes
560(2)
Income Tax and Real Property
562(4)
Home Interest Deduction
562(1)
Installment Sales
563(1)
Sales of Property and Basis
563(1)
Residential Property Sales, Basis, and Exclusions
564(1)
Depreciation Issues in Real Estate
564(1)
Property Exchanges
564(1)
Capital Gains
565(1)
Low Income Housing Credit
565(1)
Real Estate Investment, Income, and Deductions
565(1)
Cautions and Conclusions
566(3)
Legal Issues in Land Acquisition, Finance, and Development
569(70)
Land Acquisition
569(5)
Market Analysis
569(1)
Governmental Analysis
570(1)
Southern Nevada Homebuilders Association, Inc. v. City of North Las Vegas
571(2)
White v. Metropolitan Dade County
573(1)
Governmental Approval
574(1)
Zoning
574(1)
Protests of Residents Exercising Rights
575(1)
Other Agency Approvals
575(1)
Land Finance
575(16)
The Basics of Real Estate Syndication
576(1)
Syndication Forms---General Partnerships
576(2)
Syndication Forms---Limited Partnerships
578(1)
American National Ins. Co. v. Gilroy, Sims & Associates, Ltd.
579(2)
Syndication Forms---Corporations
581(2)
Syndication Forms---Limited Liability Companies (LLC)
583(1)
Syndication Forms---Limited Liability Partnerships (LLP)
584(1)
Syndication Forms-Investment Trusts
585(1)
Securities Issues in Finance and Syndication
586(5)
Land Improvement and Construction
591(14)
Legal Paperwork for Development and Construction
591(1)
Cappello v. Ciresi
592(3)
Construction Stage
595(2)
Sasser & Company v. Griffin
597(3)
Hoth v. White
600(2)
Substantial Performance by Contractor
602(1)
Compliance with Building Codes
602(1)
Compliance with the Americans with Disabilities Act
603(1)
Pinnock v. International House of Pancakes Franchisee
603(2)
Sales of Sites
605(1)
Cautions and Conclusions
605(4)
Appendixes
Appendix A The U.S. Constitution (Excerpts)
609(2)
Appendix B The Sherman Act
611(2)
Appendix C The Fair Housing Act
613(6)
Appendix D Interstate Land Sales Full Disclosure Act (ILSFDA)
619(6)
Appendix E Truth-In-Lending Act
625(6)
Appendix F Real Estate Settlement Procedures Act
631(8)
Glossary 639(16)
Index 655


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