Tag Archives: Rights

Legal Rights To Deceased Grandparents Land?

My moms grandfather passed away about 5 years ago but when he passed away he left no will stating who would receive what, now here we are here 5 years later and the real estate market is down but they are putting up commercial property everywhere so my mom and here aunts and uncles decide to sell the land. But my moms mother passed away just recently and she was considered an aire to 2.2 acres out of the 8.8 acres of land that he had left behind. But my mothers aunts and uncles have already signed a contract to sell the 8.8 acres and my mothers signature is not on that paper. Me and my mother thought that something was wrong with this because her aunts and uncles inherited there parents land, but never settled it until just recently but my mothers mom is now deceased. So wouldn’t my mother be in-titled to the 2.2 acres that was in-titled to her mother before she passed away and if so could we take legal action against her aunts and uncles which decided to put the land up for sale
without first consulting my mother? Thanks in advance for your help.

I have a Real Estate Appraisal test and need help on Real Property Rights Conveyed Problems. Pls help me!!!?

Appraisal of the fee simple interest in land improved with an office building:
A comparable property was fully leased at the time of sale, the leases were long-term (10 years remaining) net leases, and the credit ratings of the tenants were good.
Market rent for office space is $25/sf.
Contract rent for the comparable property was $24/sf.
The Comp property has 100,000 square feet
Market overall capitalization rate is 10%.
The market vacancy rate is 5%
A reasonable management expense is 4% of effective gross income
Market Evidence supports a discount rate of 15%

If the comparable property loses $91,200 for 10 years, what is the discounted present value of this loss?