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 Essential Features That Make Real Estate Investing Profitable

We've about half the inhabitants of Sussex County living on leased land; most of this leased land is within what folks call mobile home parks or communities. However, in those communities you can find seldom any homes which are truly mobile and there are even two story stick built homes on some of the leased lands in those communities. Condominiums and town houses are occasionally available on leased land as well. Some people find all of this rather difficult to understand.We Realtors and Attorneys use the term fee simple to spell it out land that's being sold as real property; that's real estate. We used the definition of leased land or leasehold interest to explain land that's not transferring as real estate.This rather lengthy text is regarding Leased Land, Real Estate, Private Property, Chattels, Mobile Homes, Homes on Leased Land and a legal dissertation to define, describe and determine the differences.

 Therefore personal property, is that Canninghill Piers which is often easily taken off the real estate, and isn't real estate. Personal property includes crops, trees, shrubs, trailers, sheds, cars, mobile homes, manufactured homes which have a Department of Motor Vehicle title instead of a deed, and the contents of a house or building. In a house or business the non-public property includes drapes, lighting fixtures, rugs (not installed carpeting) free-standing cabinets and cupboards, furniture, and all the contents of closets, drawers and buildings. Buildings with no foundation, that's sheds which can be just supported by blocks are chattel property, that's personal property, and not part of the real estate. Such chattel includes dog houses and particularly the little storage buildings which can be so common beyond homes today.

LANDS: In probably the most general sense, comprehends any ground, soil or earth whatsoever... Black's Law dictionary 6th Ed. (BL6), p.877PRIVATE PROPERTY: As protected from being taken for public uses, is such property as belongs absolutely to someone, and that he has the exclusive right of disposition. Property of a specific, fixed and tangible nature, capable to be in possession and transmitted to a different, such as for instance houses, lands, and chattels. BL6, p. 1217. Private property is land, houses, and chattels. Private property is protected from being taken for public uses. Private property is owned absolutely.REAL ESTATE synonymous with real property" and p.1218 REAL PROPERTY ... A broad term for lands, tenements, hereditaments (those things which are hereditary); which on the death of the owner intestate, passes to his heir." BL6, p1263

ESTATE: Their education, quantity, nature and extent of interest which a person has in REAL and PERSONAL property. An ESTATE in lands, tenements, and hereditaments signifies such interest because the tenant has therein. BL6, p.547 The definitions here all make reference to: real estate = real property = estate = lands, tenements, and hereditaments. At first, one may think that ‘real property'is the correct term for'all lands '. However it doesn't state the manner of ownership as clearly as the meaning of estate. We just had an enormous instance with this when the tens and thousands of leased land lots beneath the homes of thousands of people, in Angola, Pots Nets, and Long Neck areas owned by the Robert Tunnel family was inherited by the children.