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Bailments

A bailment is created when, coupled with the intent to possess certain property, the bailee accepts the actual physical possession and control of the property. In the example, the bailment is created when the dry cleaner accepts the man's suit with the intent to possess the suit.

Common areas and fees

For sale!

Sharecropping

Generally speaking, the term "sharecropping" refers to an agreement between a property owner and another person whereby the property owner hires the other person to farm the property owner's land. In exchange for the person's labors, the person is entitled to receive a share of the crop or harvest.

Square Footage of a Home

In almost every sale listing for a home, there is some indication of the square footage of the home. How is the square footage of a home determined?

Whether to Rent or Buy a Home

At some point, most individuals consider the issue of renting a home versus buying a home. It is a big decision with far-reaching financial implications. As part of the decision-making process, it may be helpful to use a rent/buy calculator (easily found on the Internet). Such a calculator will not, however, provide a clear answer. A consideration of other issues is necessary.