Question

The property is a brick 38 unit apartment building built in 1985. There are 24 two bedroom and 14 one bedroom units on 6 acres. The sellers on the property listing are three brothers who claim to own the property as tenants in common. Your title research, however, indicates that the property was previously owned by the father of the brothers and his sister, Brunhilda, as joint tenants. The father passed away two years ago, and the brothers assumed they inherited their father's share. Brunhilda is alive and living in a neighboring state. The brothers assure you they can validly transfer the property to you by quitclaim deed. You are trying to acquire some development property to add to the apartment property described above. There is a ten acre piece next to the apartment property, but it is zoned Trans-ag 2, allowing a single family dwelling on 2 acres. You would like it to be changed to High Density Residential zoning with a conditional use permit for a day care center on the property. What should you do? Explain your answer carefully.

Answer 1

Answer:

The first ting to do is to prove that te property would be legally adequate.

Explanation:

The true owners of the property (legally) are the brothers and Brunhilda because she is part of the will. Once the father passed away, the property became of all of the sons, including Brunhilda, this means that if you buy the property and she isn´t part of the deal, she has all the rights to sue you because its hers too.

So, the first thing to do before buying it and building something is to make sure the sell is totally legal.