Grosse Pointe Real Estate Lawyer, Michigan

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Robert F. Garvey

Construction, Real Estate, Personal Injury, Medical Malpractice
Status:  In Good Standing           

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Del A. Szura

Business, Lawsuit & Dispute, Employment, Real Estate
Status:  In Good Standing           Licensed:  33 Years

Charles Lawrence Basch

Foreclosure, Garnishment, Workout, Consumer Bankruptcy, Bankruptcy & Debt
Status:  In Good Standing           

Matthew Charles Bates

Tax, Construction, Trusts, Contract
Status:  In Good Standing           Licensed:  12 Years

Gregory L. Ulrich

Real Estate, Estate, Employment, Business
Status:  In Good Standing           Licensed:  47 Years

Vincent C. Rabaut

Real Estate, Employee Rights, Elder Law
Status:  In Good Standing           

David M. Hess

Real Estate, Wrongful Termination, Business, Criminal
Status:  In Good Standing           

Jerome F. Rock

Construction, International Tax, Government Contract, Contract
Status:  In Good Standing           Licensed:  47 Years

Todd R. Branch

Tax, Real Estate, Estate, International
Status:  Suspended           Licensed:  21 Years

Michael J. Cleland

Real Estate, International, Environmental Law, Business
Status:  In Good Standing           Licensed:  29 Years

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Free Help: Use This Form or Call 800-943-8690

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800-943-8690

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LEGAL TERMS

LIFE TENANT

One who has a life estate in real property.

ADVERSE POSSESSION

A means by which one can legally take another's property without paying for it. The requirements for adversely possessing property vary between states, but usua... (more...)
A means by which one can legally take another's property without paying for it. The requirements for adversely possessing property vary between states, but usually include continuous and open use for a period of five or more years and paying taxes on the property in question.

VESTED REMAINDER

An unconditional right to receive real property at some point in the future. A vested interest may be created by a deed or a will. For example, if Julie's will ... (more...)
An unconditional right to receive real property at some point in the future. A vested interest may be created by a deed or a will. For example, if Julie's will leaves her house to her daughter, but the daughter gains possession only after Julie's husband dies, the daughter has a vested remainder in the house.

MECHANIC'S LIEN

A legal claim placed on real estate by someone who is owed money for labor, services or supplies contributed to the property for the purpose of improving it. Ty... (more...)
A legal claim placed on real estate by someone who is owed money for labor, services or supplies contributed to the property for the purpose of improving it. Typical lien claimants are general contractors, subcontractors and suppliers of building materials. A mechanics' lien claimant can sue to have the real estate sold at auction and recover the debt from the proceeds. Because property with a lien on it cannot be easily sold until the lien is satisfied (paid off), owners have a great incentive to pay their bills.

LIQUID ASSETS

Business property that can be quickly and easily converted into cash, such as stock, bank accounts and accounts receivable.

ESCHEAT

The forfeit of all property to the state when a person dies without heirs.

LEASE OPTION

A contract in which an owner leases her house (usually for one to five years) to a tenant for a specific monthly rent, and which gives the tenant the right to b... (more...)
A contract in which an owner leases her house (usually for one to five years) to a tenant for a specific monthly rent, and which gives the tenant the right to buy the house at the end of the lease period for a price established in advance. A lease option is often a good arrangement for a potential home buyer because it lets him move into a house he may buy without having to come up with a down payment or financing at that time.

CONDITIONS OF CARRIAGE

The terms of your contract with an airline after you buy a ticket. Conditions of carriage cover everything from baggage limitations to the amount of compensatio... (more...)
The terms of your contract with an airline after you buy a ticket. Conditions of carriage cover everything from baggage limitations to the amount of compensation you can recover if you're injured on the flight. These provisions often vary from airline to airline. A few, but by no means most, conditions of carriage appear in the fine print on the back of your ticket. To find out about the rest, you can ask the airline for a copy; it is legally obligated to provide one. The conditions of carriage contain a lot of fine print detail and will not make for exciting reading.

ASSIGNMENT

A transfer of property rights from one person to another, called the assignee.