Hawaii’s Regular System, Land Court and Double System to Record Deeds

Hawaii is the only state in the nation with a single statewide recording office. There are two systems of recording in the State of Hawaii. The Regular System basically serves to give “notice” that something is on record. The Regular System is similar to the recording by county found in the other states. The Land Court issues certificate of titles to owners of land. Ownership in Land Court is guaranteed by the State of Hawaii.

Because of confusion determining land ownership and similar names the Land Court was established in 1903 and functions as a registration system for land ownership. Those that place their property in Land Court have gone through a lengthy process of a judicial review of the survey of the parcel, title abstract and determination of ownership. With the ability to obtain title insurance on land ownership, the need for judicial determination of ownership has decreased tremendously.

Documents are recorded either in the Land Court system, Regular system or both, depending on which system the land was originally recorded. When recorded in both land systems, documents are said to be recorded in the “Double” system.

To determine if a transfer deed should be filed in the Land Court, the Regular System or the Double System (both) the easiest way is to look at the deed by which the property was acquired. Recording information would be shown on the first page of the document. If the recording information (label) is on the upper left, the document was recorded in Land Court. If the information is on the upper right, the instrument was recorded in our Regular system. If the document reflects two both set of numbers, it would be considered a double system recording.

Maintaining an accurate, timely and permanent record system for title to real property is the responsibility of the State of Hawaii Bureau of Conveyances. Regular system documents are recorded with the Registrar of Conveyances in the Bureau of Conveyances. Land Court documents are recorded in the Office of the Assistant Registrar of the Land Court, located in the Bureau of Conveyances. Recording fees are based on $25 per document up to 20 pages for the Regular system and $30 per document up to 20 pages for the Land Court. Documents that exceed 20 pages would be charged an additional $1 per page after 20.

Unlike jurisdictions on the mainland, the Bureau of Conveyances does not provide pre-printed forms of deeds. The conveying documents needs to be accompanied by the proper conveyance tax form, P64-A or P64-B. (P64-B is for transfers without money exchanging hands. Examples are trust transfer deed, quit claim deeds, transfers between spouses.) A recording fee of $25 for the document is required and can be mailed to the Bureau of Conveyances, P. O. Box 2867, Honolulu, Hawaii 96803.

Deed and Record will prepare the following transfer documents for your Hawaiian real estate property; land deed, quit claim deed, real estate deed, warranty deed, trust deed, deed of trust, apartment deed, spousal transfer deed, affidavit death of joint tenant, and affidavit death of trustee.

To avoid a transfer tax your transfer or conveying document needs to be accompanied by the conveyance tax form P64-B. Deed and Record prepares this form saving you the trouble and saving you money by avoiding the transfer tax.

Three Unique Challenges Of Inspecting An Old Home

Home inspections for older houses pose challenges that property inspectors don’t confront with newer properties. Although new homes have their share of issues, older properties are definitely more prone to be filled with concerns as a result of age, use and deterioration. Three of the more common areas of older properties to which home inspectors will need to pay particular attention are electrical wiring, plumbing and structural issues.

Electrical Wiring

The electrical wiring of an older property calls for meticulous inspection. It is quite possible to discover missing insulated tapes, damaged cross-sections of the wire or damaged electric sheath of the wires. Old residences were built with ungrounded electrical receptacles and fixtures, and a number of local building codes still don’t require for these to be re-wired for grounding. Nevertheless, a property inspector will mention where grounding ought to be incorporated for safety. Grounding protects family members from electrocution by forwarding the flow of any leak into the earth rather than into a person who touches a faulty fixture, appliance or tool.

Plumbing

Old sewer pipelines are very vulnerable to damage over time, so these demand close inspection as well. Although recognizing a major leak is easy, minor leaks can be tough to find, because a lot of the time minor leaks are concealed behind cosmetic modifications. Home-owners often polish, repair and remodel their bathrooms, which might conceal leaks and improper fittings. Older homes may have other distinct plumbing challenges that are not exactly defective but rather troublesome for maintenance and repairs. Specifically, an older home can have copper plumbing and that is not optimal when it comes time for them to be serviced. The home inspector will need to look past the veneer for these minor issues with major potential.

Structure and Roof

The structural integrity of an older property needs to be validated to ascertain that the overall sturdiness of the structure is truly the same as what is being claimed. Taking a close look at the I-beam and other structural foundations is vital, because this will demonstrate the strength and life of the building for a property buyer. Fractures and other issues in the foundation may well need some repairs, so the property inspector of an older house may have to put in more time examining this area than a new home would call for. Also, the older residence may mean an older roof, and older roofs can be quite troublesome and expensive. Cracked shingles are common among older homes and require maintenance and/or repair. In regards to the roof, chimneys and ventilation points should also be meticulously checked.

Older houses have had a chance to develop problems not seen in newer properties, so inspectors must be aware of these challenges during property inspections for these properties. This is due to different building standards in the past, as well as, the fact that over time, any part of a home could give way. It is always crucial that an inspector is at the top of their game when examining any home, but as discussed above, it is particularly important when dealing with the special challenges of an older home.

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Whether you have your own health insurance through the business that you work for, a privately held policy or even if you’re uninsured, gaining an understanding about health insurance, how it works and how exactly to get it is really significant. This article will give you that information so you can make good choices.

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Get started using a good health insurance policy while you are still young. The cause of this is that it is more difficult to get good health insurance if you get old, and by starting signing up with your health insurance carrier early on, you will be able to lock in rates. Be very careful not to let your payments on your health insurance policy lapse because you might not be able to acquire the same rates if your health state has changed.

Utilize the resources that are available to you. There are plenty of sites online that permit you to privately input your family’s tips, and use it to compare health insurance policies and prices. This can be extremely favorable to people who may not have the time to shop around for this information on their own.

Ask your doctor to prescribe you generic drugs if one is available. Your copay will nearly always be less for a generic drug than for a name brand. The effects will be the same, you just will not be paying an additional surcharge for the medication. Save yourself the money if possible.

In the event you as well as your spouse are both eligible for health insurance through your individual workplaces, compare the two policies to see which one will benefit your family most. You might find it is likely to be cheaper to carry individual policies through your workplaces. Keep the surcharges that some companies charge for dependents when comparing the two.

Always be honest with a health insurance company, particularly when you’re applying for a coverage. Insurance companies consistently check on their clients to make sure they are truthful about their medical history. If you haven’t been, that’s grounds for denial of coverage, or even canceling a policy that is already in place.

Compare the two policies to see which one will benefit your family most, in the event you and your spouse are both eligible for health insurance through your individual workplaces. You may discover it is going to be cheaper to carry individual policies through your workplaces. Keep the surcharges when comparing the two that some companies charge for dependents.

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It’s significant to select the right health insurance plan. The plan that is perfect for you may not be immediately obvious. Use the tips in this specific article to assist you understand how health insurance works and what you need to focus on when shopping for this. The more knowledge you possess the more likely you will purchase a good plan.

A Basic Guide To Buying Property In Portugal

Along with Spain, Portugal share the top spot of being the go-to destination for a large portion of UK expats. With most retiring and enjoying the sun, sea and the wine, not forgetting a quality of life that is difficult to match here in the UK. It’s easy to see why it’s a large holiday destination also.

The top spots for buying property is Portugal is no doubt split between the Algarve, Madeira and Faro. Including, other spots such as Lisbon and Albufeira which are also popular locations that people from the UK chose to reside.

But if you are thinking of buying property in Portugal there is a lot of precautions and areas that must be understood, especially since it is a different country that has different laws and regulations. Before taking the leap, let’s take a short run through the buying process.

The Buying Process and Costs Involved

In order to be able to purchase a property anywhere in Portugal non-residents are required to have a Fiscal Representative, which can be a lawyer who is a resident in Portugal, and obtain a Fiscal Number from a local tax office. This will enable the Fiscal Number to be recorded along with every document used throughout the buying process. And will used in the process of opening a bank account in Portugal.

The start of the process involves giving a deposit to the vendor or real estate agent. When buying property in the Algarve it’s worth noting that all deposits are non-refundable.

There two main stages involved when buying a property are known as the promissory contract and the final deed. The promissory contract is a document that both the buyer and vendor or estate agent write down the conditions. This will include such things as price and payment conditions.

It is recommended to seek legal advice at this point, to ensure everything is legit, and that there is no outstanding mortgage or requirements that may have been missed by the buyers, which they did not agree to.

Before the second stage, and straight after the promissory contract has been created you will be asked to pay Imposto Municipal sobre Transmissoes de imoveis (IMT), which is simply known as property transfer tax. It is on the basis of this payment that the second stage can take place.

The second stage, known as the final deed and known as Escritura in Portugal. This occurs when the ownership of the property changes hands. This requires that all parties attend the Notary office and provide proof of payment before the presence of the Notary.

It is worth noting the costs are not limited to just the IMT and price of the property. In fact there are many other considerations and costs that will be required, here is a short list of some of the additional costs when buying a property in Portugal:

– Legal fees

– Land registry fees

– Stamp duty

– Property registration fees

– VAT

– Legal fees

– Estate agent fees

All of this can make it appear very daunting, when thinking about purchasing a property in the Algarve or any other location in Portugal. But with professional legal advice, the process can become much simpler and less problematic.

How The Foundation Of A Property Is Examined During A Property Inspection

The foundation is the most crucial element of a home or business property. Prior to obtaining a new home or securing a new commercial space, insurance companies are more and more often mandating home inspections so as to safeguard the home buyer against potentially costly repairs in the future. So what exactly does a home inspector look for when looking at the foundation of a property?

The first thing inspectors do is take a look at the foundation itself and additional support components. If the foundation is actually crumbling or has moved and fractured over time this could very well be cause for concern. A sound foundation is crucial for the structural integrity of a property. Foundations can shift or bulge or even float, suggesting the soil below was not correctly packed down before the foundation was poured and now has settled, leaving portions of the foundation virtually floating in air. The type of soil beneath the property can also impact the stability of the foundation. Soil can pack down, or be displaced, or if lawn sprinklers are close to the house, water damage can gradually erode the foundation. As part of the foundation inspection, wood separation from the soil will also be checked out.

One more component to consider is whether or not an addition has been built on the existing home. If so, how is the current structure supported. Was the total foundation replaced, or was a new foundation poured exclusively to carry the expansion? If a patio was built in without having a slab or footing, what is supporting that structure?

Under-floor ventilation is analyzed to ensure it is up to spec. Under-floor areas are required to be ventilated. This takes place through openings in the exterior foundation walls. They must absolutely deliver cross ventilation and have a net area of 1 square foot for each 150 square feet of under floor area. Every single vent must definitely have corrosion resistant wire mesh with openings of 1/8-inch minimum. There must be access for folks to crawl through of at least 18″ x 24.” The under floor area must absolutely not be impeded by obstructions or ducts, according to Scribd.com.

Drainage systems, sewer lines and sump pumps will also be inspected, as they are located inside the foundation footprint. As homes shift with time, piping leading to and away from the house may be weakened.

In California specifically, seismic anchoring and bracing components will be analyzed and will need to be up to code to ensure the safety of the property in case of an earthquake.

While evaluating the foundation is just a small part of what a home inspector does, it is a critical one.

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