Altair Landlord-Tenant Lawyer, Texas
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Donald N. Bendy
Commercial Real Estate, Real Estate, Wills, Estate
Status: In Good Standing Licensed: 55 Years
Eagle Lake, TX 77434
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110 Krupka Ave, Columbus, TX 78934
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LEGAL TERMS
INDEPENDENT CONTRACTOR
A legal category of worker defined by the Internal Revenue Service. The key to the definition is that, unlike employees, independent contractors retain control ... (more...)
A legal category of worker defined by the Internal Revenue Service. The key to the definition is that, unlike employees, independent contractors retain control over how the work they are hired to do gets done; the person or company paying the independent contractor controls only the outcome--the product or service.
LICENSE (OF INVENTION, COPYRIGHT OR TRADEMARK)
A contract giving written permission to use an invention, creative work or trademark. A license provides a way to make money from your invention or creative wor... (more...)
A contract giving written permission to use an invention, creative work or trademark. A license provides a way to make money from your invention or creative work without having to manufacture and sell copies yourself. By licensing an invention or work to a company, you get money (often in the form of royalties) in return for allowing the company to use, produce and sell copies of your invention or work in the marketplace.
LIFE TENANT
One who has a life estate in real property.
GROSS LEASE
A commercial real estate lease in which the tenant pays a fixed amount of rent per month or year, regardless of the landlord's operating costs, such as maintena... (more...)
A commercial real estate lease in which the tenant pays a fixed amount of rent per month or year, regardless of the landlord's operating costs, such as maintenance, taxes and insurance. A gross lease closely resembles the typical residential lease. The tenant may agree to a 'gross lease with stops,' meaning that the tenant will pitch in if the landlord's operating costs rise above a certain level. In real estate lingo, the point when the tenant starts to contribute is called the 'stop level,' because that's where the landlord's share of the costs stops.
LIABILITY INSURANCE COVERAGE
Compensation to third parties who are injured or whose property is damaged due to the fault of the insurance holder. You may have liability insurance for your c... (more...)
Compensation to third parties who are injured or whose property is damaged due to the fault of the insurance holder. You may have liability insurance for your car or your home, or to cover actions you take in the course of your profession. Liability polices are sometimes called 'third-party policies.'
MULTIPLE LISTING SERVICE (MLS)
A computer-based service that provides real estate professionals with detailed listings of most homes currently on the market. Much of the information can now b... (more...)
A computer-based service that provides real estate professionals with detailed listings of most homes currently on the market. Much of the information can now be obtained by the public through websites like www.realtor.com.
IMPLIED WARRANTY OF HABITABILITY
A legal doctrine that requires landlords to offer and maintain livable premises for their tenants. If a landlord fails to provide habitable housing, tenants in ... (more...)
A legal doctrine that requires landlords to offer and maintain livable premises for their tenants. If a landlord fails to provide habitable housing, tenants in most states may legally withhold rent or take other measures, including hiring someone to fix the problem or moving out. See constructive eviction.
RIGHT OF SURVIVORSHIP
The right of a surviving joint tenant to take ownership of a deceased joint tenant's share of the property. See joint tenancy.
LIMITED EQUITY HOUSING
An arrangement designed to encourage low-and moderate-income families to purchase housing, in which the housing is offered at an extremely favorable price with ... (more...)
An arrangement designed to encourage low-and moderate-income families to purchase housing, in which the housing is offered at an extremely favorable price with a low down payment. The catch is that when the owner sells, she gets none of the profit if the market value of the unit has gone up. Any profit returns to the organization that built the home, which then resells the unit at an affordable price.
SAMPLE LEGAL CASES
Coastal Oil & Gas Corp. v. Garza Energy Trust
... [23] Professors Prosser and Keeton explain: Thus a landlord cannot sue for a mere trespass
to land in the occupation of his tenant. ... [24]. Salinas's reversion interest in the minerals leased
to Coastal is similar to a landlord's reversion interest in the surface estate. ...
US Bank Nat. Ass'n v. Freeney
... To prevail and obtain possession in its forcible detainer action, the law requires appellant to show:
(1) the substitute trustee conveyed the property by deed to appellant after the foreclosure sale;
(2) the deed of trust signed by appellee established a landlord-tenant relationship ...
5 Star Intern. Holdings v. Thomson, Inc.
... Landlord shall furnish Tenant a written statement estimating: (i) Common Area expenses;
(ii) the total taxes dues for said calendar year; and (iii) total insurance premiums due
for the year (herein collectively the `Estimate'). Beginning ...
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