Archive for April 2016
Why Recording Matters for Tenants
In North Carolina, the “race” to the local register of deeds still exists, and as some litigants know, that lesson can be an expensive one. Many commercial leases represent a substantial investment for tenants. Some of those leases have terms that last for decades. However, it is not unusual for commercial buildings to be bought…
Read More >II. Financial Powers of Attorney: Broad vs. Limited Powers
So, you have decided that you need a financial power of attorney. The next step is to decide what powers that attorney-in-fact/agent should have. A power of attorney can be very limited in scope, or it can be extremely broad. A broad power of attorney authorizes an agent to have access to, and to make…
Read More >Division of Proceeds from Partition Sale of Real Estate
When more than one person owns real property with others as joint tenants or as tenants in common, and one or more of the the cotenants disagree on whether the property should be sold, a partition proceeding may be instituted in Superior Court requesting that the Clerk of Superior Court allow a “partition” of the property. In other…
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