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01 Jan 1970
Adverse possession is a term used in the Indian legal system to describe a situation wherein an individual or group of individuals acquire a right to ownership of an immovable property by virtue of continuous use of it. The Limitation Act of 1963, functions on the principle that �limitation extinguishes the remedy, but not the right�, meaning that in the case of an adverse possession the original owner may continue to have the title over the property but he loses the right to claim such a right in a court of law.
01 Jan 1970
Encroachment occurs when a individual that is not the property owner intrudes on or interferes with the property, e.g. trespassing by way of building something that lays partially on the adjoining property or even by planting a tree with branches that hang over onto the adjoining property. An encroachment creates an encumbrance on both properties until the issue is resolved.
01 Jan 1970
Sole ownership can be characterized as ownership by an individual or entity legally capable of holding the title. The most common sole ownership is held by single men and women, and married men or women who hold property apart from their spouse, and businesses that have a corporate structure allowing them to invest in or hold interest in real estate.
01 Jan 1970
Joint tenancy occurs when two or more people hold title to real estate jointly, with equal rights to enjoy the property during their lives. If one of the partners dies, their rights of ownership pass to the surviving tenant(s) through a legal relationship known as a right of survivorship. Tenants can enter into a joint tenancy at the same time. This usually occurs through a deed.
01 Jan 1970
Fractional ownership is when the cost of procuring an asset is divided amongst multiple individuals, each getting a share. All the benefits derived from the asset such as income and usage rights are divided pro rata between all shareholders. Fractional ownership is common in the purchase of high value purchases such as private jets, vacation homes, luxury cars, etc. When considering an investment opportunity involving fractional ownership it is important to take note of factors such as the management company's reputation, specifications of the asset, and the potential appreciation.
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01 Jan 1970
HVAC stands for the heating, cooling, and ventilation system within a building. The goal of an HVAC system is to make sure that the temperature inside any building is comfortable for those who are in it. This means warming the building up during the cooler months of the year and cooling it down when it gets hot outside. For heat, an HVAC system uses gas, oil, coal, or electricity to provide heat, while the cooler air is provided by a chiller, gas or electric air conditioner, and an electric heat pump.
01 Jan 1970
False ceilings are secondary ceilings that are hung below the main ceiling with the help of suspension cords or struts. These ceilings are created from a wide range of materials such as POP (plaster of Paris), gypsum board, asbestos sheets, particle board, aluminium panel, wood etc. They are also known as dropped ceiling or suspended ceiling. False ceilings can be created to regulate temperature, install lights, conceal electrical cables and pipes or simply for aesthetic purposes.
01 Jan 1970
A window sill is a horizontal surface or structure at the bottom of a window or opening. Often made of stone, it serves as a base on which to fix the window. It must be constructed to prevent leakage of water into the building.
01 Jan 1970
A load-bearing wall in a building is one that fulfils the function of providing support for the building and other elements such as beams, vaults, lintels, pillars, columns, etc. The materials most often used to construct load-bearing walls in large buildings are concrete, stone, block, or brick. These walls are usually more than 30 centimetres wide. When carrying out renovations, it is important not to tamper with the structure of the load-bearing wall as doing so could damage the stability of the building.
01 Jan 1970
A double glazed unit refers to a sealed unit consisting of two panes of glass, a metal spacer that runs between the two panes on the periphery, and an inert gas or nitrogen-filled cavity between the two panes of glass. These units are most commonly used for windows. The cavity in the unit should filled with a gas that is completely moisture-free, as otherwise it can condense into droplets and obscure the view. The gap serves to provide both heat and sound insulation.
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