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When you own property in Houston, you will find that ad valorem taxes, or property taxes based on the assessed value of your real estate, are a significant part of your annual expenses. Every year, county appraisal districts in Texas assess the value of properties like homes, land, businesses, etc. Unfortunately, sometimes, the appraisal…

In the world of commercial real estate, which describes properties used for business purposes (instead of personal purposes, for example), there is a term called “assignment of leases.” Let’s say you own a building for which you got a loan from a bank, and you rent space in your building to businesses. It could…

Buying a property can be an exciting experience but often involves different procedures vital to accessing crucial aspects of the purchase, such as funding. If you are taking out a loan to buy the property, the lender may require an appraisal to help determine the mortgage’s amount. The outcome of this step can be…

Whether the land you call home or a parcel used for business, landowners in Texas work hard to keep their land and are unlikely to let outsiders stake claim on what’s theirs. Sometimes the threat is a government entity, in other situations a neighbor, and in others a developer. In many of these cases,…

Condominiums are a convenient housing option for people in many different stages of life. Older adults may enjoy living in a condominium because they no longer have the physical ability to maintain the exterior of a property. Those just starting out their careers or with young children may want to outsource lawn care and…

Construction firms and those within the homebuilding industry have an opportunity to balance doing something they love with turning a profit. Business owners can help beautify their communities and see their neighbors make homes within houses that are a product of their construction. Since homes are often the most expensive purchase made by any…

The relationship between an HOA (homeowner association) board and the actual homeowner is fairly straightforward. However, issues can arise when property owners believe that their HOA does not have their community’s best interests in mind or fails to fulfill their obligations. While preventing every potential lawsuit may be impossible, HOA boards can protect themselves…

Purchasing a commercial building is a major life milestone whether you are a seasoned investor or are interested in buying your first property. For new and established investors, countless factors must be addressed when purchasing a property. Failing to conduct the proper research could cause you to make common mistakes that are otherwise easily…

Understanding zoning and land use laws is crucial to effectively leasing your property. These laws govern what you can –  and can’t – do with your property, from a business or development perspective. Zoning and land use restrictions directly affect the appeal of your commercial property to potential tenants. This brief guide will help…

Homeowner associations (HOAs) perform invaluable services to the communities in which they operate. However, these services come with a cost, and homeowners who fall behind on payments could face legal action. Fortunately, HOA boards have an abundance of legal options available to collect unpaid fees. What Legal Action Can Homeowner Associations Take? When a…