Don’t mess-up the tax exemption for municipal real estate.
New Hampshire exempts real estate owned by municipalities from the state real estate tax except where the property is used or occupied by a non-exempt party under a lease or other agreement requiring that party to pay the taxes. RSA 72:23. But what happens if that party sublicenses the property to
Easements: Let’s Be Reasonable
The New Hampshire Supreme Court weighed in recently on two important areas concerning easements. First, it clarified that use of an access easements may be extended to benefit an adjoining, after-acquired parcel. Second, it addressed the thorny question of whether parties benefiting from an access easement may be obligated to contribute toward its maintenance.
Extending an Easement to Adjoining, After-Acquired … Read the rest
In New Hampshire, decisions during periods of incapacity or at the end of life are governed by the Advanced Directive, consisting of a Living Will and a Power of Attorney for Health Care. The Advanced Directive creates an “agency relationship” between the principal (the person executing the estate plan) and the agent (the designated person who will act on behalf … Read the rest
Impact On Your Real Estate Business
Each year over a thousand new bills are introduced in the New Hampshire legislature, and hundreds of them could impact your real estate business in either a negative or positive way. Bills affecting property taxes, business taxes, tenants’ rights, hazardous waste, shoreline protection, planning board procedures, financing, wetlands and lead paint are common.
Up-To-Date … Read the rest