does disbanding a settlement give back the deed stake

A deed may be disbanded. If manually disbanded, the owner receives all of settlement coffer money back. The owner will receive nothing back if the deed is disbanded due to lack of upkeep.

Full Answer

What happens to settlement money when a deed is disbanded?

A deed may be disbanded. If manually disbanded, the owner receives all of settlement coffer money back. The owner will receive nothing back if the deed is disbanded due to lack of upkeep. The money is placed in the former owner's bank account. It is believed this money comes direct from the King; reasonable since deed money goes direct to the King.

What happens when a draining deed disbands?

Draining cannot take more money than the upkeep fund actually contains. If a drain empties the upkeep fund completely, the deed will disband in a short while. (The reason given will be the generic lack of upkeep message.) Unlike normal disbands, no money is refunded to the former mayor.

How do I Mark a settlement?

A settlement is marked by a settlement token on an outdoor tile somewhere within its borders. You receive a settlement deed form in your inventory (that is no-drop) when you deed a settlement.

What is a settlement deed in a divorce?

Akin to a divorce settlement, and hopefully negotiated in more favorable circumstances, a settlement deed is an agreement by which two parties negotiate an alternative outcome to the termination of a contractual arrangement. The goal of a settlement deed is to allow for more favorable terms than would normally occur from a breach of contract.

Who holds the deed in a settlement?

All settlements have a mayor. The initial mayor is the founder of the settlement. At any given time, the mayor is the one who holds the deed. Mayor and villagers get a bonus to bashing structures on deed. Mayors can pass through locked gates.

Where does the deed come from when resizing?

When resizing a deed, some of the charges can come from the coffers. This will be reflected on the last screen of the resize dialog. It seems that 3s will always be left as a minimum, so if you have less than that, the coffers will not be used.

How much does a tile on a deed cost?

One tile on deed costs 1 copper to purchase and has a 20 iron upkeep. 1 perimeter tile costs 50 iron to purchase and has a 5 iron upkeep. You can found a deed while you are still a villager of another deed. Once you found the new deed you'll become the mayor of the new deed and automatically leave the old deed.

How far away from tiles must a token be placed?

A token must be placed at least two tiles away from tiles submersed in water. A token cannot be inside a cave, or a house. Aggressive animals, on what will become the deed, prevent planting of the deed; kill or lead them away first. Creatures in the future perimeter do not count.

What does trading a deed do?

Trading the deed makes the new owner of the deed the mayor. A player must have premium time to take over the ownership of a deed.

How long does it take to disband a villager?

Disbanding a settlement takes 24 real hours. If set to disband immediately, it will take 1 hour. If you remove all villagers and resize the deed to smallest size before disbanding, disbanding will take 1 real hour.

What is the minimum size of a deed?

A deed has a rectangular form. One edge of the deed can not be longer than four times the other edge. Minimum size is 5. Example: Settlement size east 5 west 5 and north 6 south 6 will create a deed 11 tiles by 13 tiles.

What is a timeshare deed back?

A deed back clause or program allows you to give your timeshare back to the resort. Until then, you remain responsible for paying the maintenance and special assessment fees along with your mortgage payments.

How to transfer ownership of a timeshare?

Most resorts require the same standard documents when deeding back a timeshare. You must fill out the resort’s timeshare transfer form to start the process. To legally transfer ownership, most resorts will accept a quitclaim deed. You’ll also need to provide a copy of the original deed when you first purchased the timeshare. If the resort has a buyback program, you’ll include a waiver of right of first refusal. You’ll have to send the transfer fees along with the other deed back documents. Some resorts also require you provide proof that any mortgages on the property are paid in full.

Can a resort accept a timeshare deed back?

If the resort is holding a large number of unsold timeshares, it may refuse to accept your deed back. Some resorts have a deed back program wherein you sell the timeshare back to the resort at a small fraction of the timeshare’s market value.

Do you need a copy of the deed to a timeshare?

You’ll also need to provide a copy of the original deed when you first purchased the timeshare. If the resort has a buyback program, you’ll include a waiver of right of first refusal. You’ll have to send the transfer fees along with the other deed back documents. Some resorts also require you provide proof that any mortgages on ...

Do resorts require a deed back?

Deed Back Documents. Most resorts require the same standard documents when deeding back a timeshare. You must fill out the resort’s timeshare transfer form to start the process. To legally transfer ownership, most resorts will accept a quitclaim deed.

When do deeds become enforceable?

Deeds will become enforceable as deeds once they are delivered to the other party (hence the catchphrase “signed, sealed and delivered”), whilst agreements must only be executed by both parties to be enforceable.

What is the purpose of deeds and agreements?

Both deeds and agreements are used to record the terms of a settlement and impose legally binding obligations on parties. In this article we explore some of the key differences between deeds and agreements.

How long does a deed have to be a witness?

Actions for breach of an agreement must be brought within six years of the agreement, whereas actions for breach of a deed may be brought within 12 years. A deed must be witnessed by a third party to be valid, whilst an agreement does not.

Why is litigation preferred over judgment?

This is because confidentiality can be maintained in both deeds and agreements. Judgments on the other hand are public unless specific orders are made to the contrary. The existence of a judgment against a person or entity can have significant repercussions, including, for example, the ability to obtain finance.

Who can execute an agreement?

An agreement can be executed by an agent on behalf of a party, such as its lawyer. Above is very brief overview of some of the key differences between agreements and deeds. It is important to consider all factors in any given matter before deciding whether to proceed with either a settlement deed or agreement.

Does a deed require consideration?

An agreement requires some form of consideration to be valid. A deed, however, does not require consideration.

Description

Advantages to Deeding Land

Founding

Perimeter

Resizing

Disbanding

• Warning :Do not sail to another server in your cluster between issuing a disband order, and the actual disbanding of the deed. Doing so may cause you to not receive any refund. Crossing to anther cluster (Epic / Freedom) is okay, as that is a separate avatar, and the original is still on the deed's server. 1. A deed may be disbanded. If manually di...

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Mayor

Citizens

Spirit Templars

Upkeep / Coffers