Farming is increasingly a risky venture, but farmland leases can provide great opportunity for both farmers and landlords. Traditionally farmers have the option of cash rent or crop-share when it comes to farmland lease arrangements. Hybrid leases have become more popular in northwest Ohio in the past few years as well. Plenty of choices exist in structuring farmland leases today, and it’s important to choose the right option for your situation.
Agriculture and the laws surrounding it are changing rapidly, and you can expect big changes to come in the next year and a half. Five fundamental changes in agriculture will change ag law in the next 18 months.
Spring is often the busiest times for home sales and closings. As you go into your home sale, it’s good to know what is customary regarding the closing costs.
Federal law requires that the buyer of the home receive an estimate on closing costs (if they’re borrowing money for the purchase of the home) several days in advance of the closing.
Federal law provides certain automatic protections to military personnel. Most of these protections are provided by the “Servicemembers Civil Relief Act,” and it can provide significant relief to military personnel and their family members when it applies.
Interested in buying a new home but not sure where to begin? Lee recommends that you start by talking to local banks and credit unions. Once you have an idea of your budget, consider more seriously looking into local real estate. Or you can consider hiring a real estate agent if you don’t want to investigate local homes on your own.
The job of an executor is to transfer ownership of property of a deceased person, and often the good work ethic and leadership that comes from motherhood makes mothers excellent executors of wills. Executors are tasked with identifying property at time of death, interpret the will to decide who will get what property, transfer the ownership of property and confirm that they’ve done the transfer of property to the best of their ability.
Judges aren’t only in charge of making important decisions, they also play a role in helping people and their attorneys navigate their ways through the judicial system. Attorney Lee R. Schroeder thinks that the most important characteristic of a great judge is intelligence, but also important in choosing a great judge are impartiality, patience and more.
Every entrepreneur should consider working with five crucial partners: an attorney, an accountant, an insurance agent, a lender and a financial adviser. Good attorneys will work with small business owners to help them minimize liability, and some attorneys limit their practices to this area of the law. Entrepreneurs should find members of their advisory team that are smart, passionate, focused, willing and qualified to serve their respective roles.
Ohio law allows for sharing arrangements when it comes to real estate. A number of options exist when it comes to life estates and sequential ownerships in Ohio.
The three most common types of deeds are warranty deeds, limited warranty deeds and quit claim deeds. Each type of deed in real estate is different in its own way, especially in what it promises from the seller.