A Quick Introduction to Conveyancing

Purchasing a home involves making many important financial decisions. Once you find the right home, you will quickly realize the financial implications involved. Once you have signed on the dotted line, you will have to provide the seller with a deposit. The deposit plays an important role in every residential real estate transaction. This column attempts to answer some common questions about this important, albeit often misunderstood concept.

The Chapter 7 "means test" doesn't require that you be penniless in order to be eligible to file a Chapter 7 bankruptcy. You can earn significant monthly income and still qualify for Chapter 7 bankruptcy if you have a lot of expenses, such as a high mortgage payment.

Where this second exception gets a little tricky is defining what is a consumer - versus - business debt. Typically consumer debts are incurred for personal, family or household purposes. Such things as credit cards, personal loans, medical bills and residential real estate loans are considered consumer debts. Non - consumer debts are those that are incurred for a profit motive. Business related credit cards, business loans, business vehicles, business creditors, vendors and the like.

Check to see if the attorney is affiliated with any associations that cater to your legal issues. Ask for the attorney's references if you need to. Talk to the people who can comment on his trustworthiness and skills. Be sure to choose an attorney who is informative, friendly, and helpful. Make sure you understand what you're signing up for before you sign an agreement.

Say you are a homeowner who is saddled with credit card debt and behind on their mortgage, but could make mortgage payments if not for their debt burden. In a situation like this, filing for chapter 13 bankruptcy protection prior to a foreclosure suit may be your best option. Why? A chapter 13 bankruptcy plan can allow you to keep your home by making your monthly mortgage payment and paying off your arrears (the amount you are currently behind) over a payment period of five years. The amount you would pay towards your credit card debt would be limited by your capacity to pay and the amount of outstanding equity not protected by statutory exemptions. In addition to avoiding those additional fees outlined in the previous example, you would be able to discharge your credit card debt, often only for a fraction of what you actually owe.

One of the few ways to reduce your property taxes is to catch any mistakes and correct any errors in your annual tax assessment. The implosion of the housing market has caused housing prices to fall over the past three years. Many New Jersey homeowners may now have an opportunity to lower their property tax bills by filing a tax appeal to challenge their tax assessment.

For example, the average tax ratio for Town XYZ in 2010 is 88.54 percent. On the low end, the town's ratio is 75.26 percent and on the high end its 101.82 percent. All these ratios are important to figuring out if your home is assessed fairly. If a home in Town XYZ is assessed at $500,000, the property owner must divide his or her home's assessment by the average ratio -- 88.54 percent -- to determine the fair market value of their property, in reality, what the town thinks the property is really worth. In this example, the true value comes out to $564,717.

For example, in North London Camden's "Pop-Up Shop Scheme" makes use of empty commercial property to offer reduced cost space to businesses, artists and community groups to try out new activities or ways of working that offer economic and social benefits to the area.

Landlord tenant act lays down the rules for tenant with regard to rent payment, property maintenance and ending tenancy. It is to be noted that landlord tenant law does not just uphold the rights of the landlord, but also that of the tenant. For example, the law states that the tenant has a right to privacy and that the landlord cannot access property for without giving an hour's notice. Once the property is occupied, the law lays down conditions for access to property by the landlord.