SIGNED SURETY ON A BOND? MANAGE YOUR RISK!
“Buy land – they’ve stopped making it” (Mark Twain) Property can indeed be a great investment, just be aware that signing personal suretyship – which you will almost certainly have to do if you buy property in a company or trust with money borrowed from a bank – carries risks that you can and should […]
THE PROFITS AND PERILS OF PROPERTY PARTNERSHIPS
“Communio est mater rixarum” (Co-ownership is the mother of disputes)Buying property with the right partners can be extremely profitable all round, but – no matter how well you know and how much you trust each other – be sure to have in place upfront a full partnership agreement. If (and it happens in even the […]
WHO WILL RID ME OF THIS LEAKING ROOF?
“If the roof doesn’t leak, the architect hasn’t been creative enough” (Frank Lloyd Wright) Witticisms by modernist architects aside, can you sue the seller when the roof of your new dream house starts leaking shortly after purchase? Roof leaks by their very nature often result from “latent” defects, a latent defect being one that “would […]