real estate nots feb 9

Real estate nots - III Time Value of Money a $ today is worth more that a $ tomorrow b Present Value(PV value of money today at t=0 c Future

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
2/9 I. Adverse Posession a. When encroachment becomes a problem b. Similar to prescriptive easement c. Occurs when someone uses someone else’s land under a claim of title, as though it were their own II. For adverse possession to be proved, use must be a. Actual b. Open/visible c. Hostile/notorious d. Continuous e. Exclusive- has to do with use, not user f. Must be used for statutory period- TX 10 yrs then adverse possession will be granted i. Comes from old English common law that says land must be used productively Tacking- can add on different periods of ownership Texas also requires property taxes paid to have adverse possession
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: III. Time Value of Money a. $ today is worth more that a $ tomorrow b. Present Value (PV)- value of money today at t=0 c. Future Value (FV)- value of $ at some point in the future d. Reversion- a one time lump sum to be receive in the future e. Compounding- calculation of FV f. Discounting- calculation of PV g. Net Present Value (NPV)- PV of the cash flows in minus PV of the cash flows out h. Internal Rate of Return (IRR)- discount rate that causes NPV=0...
View Full Document

This note was uploaded on 04/14/2008 for the course RE 3405 taught by Professor Delaney during the Spring '08 term at Baylor.

Ask a homework question - tutors are online