Acquisition and Disposal of Land and Real Estate Essay

Acquisition and Disposal of Land and Real Estate - Essay Example The acquisition of land and real estate requires an official process that is based on risk analysis, and financial analysis.Real estate refers to things which are not movable for example land and improvements permanently attached to it. There is a difference between real estate and real property. The ownership rights that are associated with the real estate are called real property. During acquisition of real estate, the investor acquires the land, all the physical assets of the land and all the things which are permanently attached to it. The investor also gets property rights which include the right to control, occupy, develop, exploit, lease, improve, and sell the real estate.It is important to differentiate between real estate and real property because different parties have different rights on a given part of real estate. Property rights can also be described as the right of a person to use, dispose, possess and enjoy his property. (Fisher & Brueggeman 2004)The value of real est ate is the total price that an individual is willing to pay so as to acquire the benefits associated with all the property rights. It is important to note that it is not necessary for a person to be the owner of the property so as to have rights to it. A person who rents a piece of land is not the owner but he has the exclusive right to use the land as he wishes for a certain period of time. In exchange for the right to use the land, the tenant/lessee is willing to pay a certain amount of money. (Fisher & Brueggeman 2004) There are certain interests that an investor can acquire from a piece of property. An interest in real estate can be defined as a right or claim on property, production or its revenues. The interest in property is created by the possessor who can pledge the property in order to attain a certain objective with out giving up the property. An example of this is where a person pledges his land as security when he wants a loan from a bank. An easement is an interest in land whereby a person has the right to use the land leased for some special purpose. (Fisher & Brueggeman 2004) The legal aspect of a real estate acquisition is very important. It can assist in knowing the benefits of other persons who have some rights over the property. Often conflict arises concerning the rights to be given to the people who are holders of interests in the property. (Fisher & Brueggeman 2004) Classification of Estates There are certain categories of estates that can be differentiated in terms of the nature of rights that come with the ownership of an estate. An estate in possession allows the owner of the land immediate enjoyment of the land. An estate not in possession is a future estate in land and it doesn't give the buyer any rights to the estate until some time in the future. It will not change to an estate in possession until some future occurrence takes place. (Fisher & Brueggeman 2004) Estates in possession are of two varieties: leasehold and freehold estates. They are differentiated on the basis of the certainty of their duration. A freehold estate lasts for an indefinite period of time which means there is no date that the possession to the estate ends. Leasehold estate ends after a certain amount of time. It is a right to possess and use the property owned by another for a period of time. Examples of leasehold estates include the renting a residential estate whose contract is to be signed every year. A freehold estate can be the purchase of a home in the suburbs which can be leaved in generation after generation. (Fisher & Bruegg

Olympics Essay Example | Topics and Well Written Essays - 750 words

Olympics - Essay Example It has been seen that the countries compete with each other in order to win the chance of hosting the Olympics and in this way as has been seen the countries or the cities who win the chance to host the Olympics are the ones who show off their potential to host the event as well as their true hospitality to the audience who attend the event. These are viewed by billions and this is the one that creates opportunities for the business entities. Thereby the products are the ones that reach billions of people in a matter of minutes and it has been linked with the higher sales within the time period of Olympics (Masteralexis 22). In this case it has been seen that the main disadvantage that has been noticed that the products marketing during the Olympics are not long lived and they are not found to be too effective and thereby it can be said that the advertisements in the Olympics may gain a lot of votes but they are not found to be cost effective. ... Technology can be the way by which the businesses can be run in a smooth manner. There are technologies that can be applied and used in various modes within the businesses as the supply chain management, logistics management which can be done with the help of the latest software that can keep track of the best available suppliers as well as the constant communiqu with these suppliers is made sure. Logistics and the supply chain management are the key parts of a business that can ensure success only if it is managed in a proper manner. In addition this, the technologies can be applied in marketing the products in a best possible manner (Shilbury 22). Innovation is the one main fact that has been realized to be of utmost importance in the market and this is the principle that has been helping the businesses in attaining the greater number of sales and the sales volume in the local as well as the international market. Changes and the innovations can be helpful in defining newer strategies for the product manufacturing as well as the marketing. The pains that are being faced by the businesses being run without any changes is the discarding of the unpopular and stagnant products being produced. Innovations in the products can, initially prove to be costly, but in the long run, these are the innovations that can be providing the success that is needed by the business (Jana 2). Conclusion Olympics are an event in which nations are the ones that compete in a vigorous manner to get a place in the competition. Billions of people are the audience to this events and this is an audience which is reached by the business entities in order to market their product. Works cited Jana, Reena., Balfour, Frederik.,