The process of filing a copy of a deed or other document concerning real estate with the land records office for the county in which the land is located. Record... (more...)

The process of filing a copy of a deed or other document concerning real estate with the land records office for the county in which the land is located. Recording creates a public record of changes in ownership of all property in the state.

BALLOON PAYMENT

A large final payment due at the end of a loan, typically a home or car loan, to pay off the amount your monthly payments didn't cover. Many states prohibit bal... (more...)

A large final payment due at the end of a loan, typically a home or car loan, to pay off the amount your monthly payments didn't cover. Many states prohibit balloon payments in loans for goods or services that are primarily for personal, family or household use, or require the lender to let you refinance the balloon payment before forcing collection.

YELLOW-DOG CONTRACT

An employment contract in which the employer forbids the employee to join a labor union. Yellow-dog contracts are not legally enforceable.

REAL PROPERTY

Another term for real estate. It includes land and things permanently attached to the land, such as trees, buildings, and stationary mobile homes. Anything that... (more...)

Another term for real estate. It includes land and things permanently attached to the land, such as trees, buildings, and stationary mobile homes. Anything that is not real property is termed personal property.

USUFRUCT

The right to use property -- or income from property -- that is owned by another.

TESTAMENTARY DISPOSITION

Leaving property in a will.

LIFE TENANT

One who has a life estate in real property.

SHARED EQUITY MORTGAGE

A home loan in which the lender gets a share of the equity of the home in exchange for providing a portion of the down payment. When the home is later sold, the... (more...)

A home loan in which the lender gets a share of the equity of the home in exchange for providing a portion of the down payment. When the home is later sold, the lender is entitled to a portion of the proceeds.

SAMPLE LEGAL CASES

Sales v. Kecoughtan Housing Co., Ltd.

... In this appeal we consider whether the circuit court erred in sustaining a demurrer filed by a landlord and its agent, when a tenant claimed to have suffered personal injuries and property damage as a result of misrepresentations and negligent repairs. ...

LANDMARK HHH, LLC v. Gi Hwa Park

... In this appeal, we consider whether the circuit court correctly determined that under a lease for commercial real estate the landlord was liable for contract damages for the loss sustained by the tenant when the roof of the leased premises leaked during a rainstorm, inundating ...

Bert v. Commonwealth

... [1] Appellant provided her Department of Motor Vehicles-issued identification card as proof of identity as part of the application process. On her rental application, appellant provided the names and telephone numbers of her landlord, employer, and six personal references. ...

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Henry County, VA Landlord-Tenant Lawyers

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LEGAL TERMS

APPRECIATION

RECORDING

BALLOON PAYMENT

YELLOW-DOG CONTRACT

REAL PROPERTY

USUFRUCT

TESTAMENTARY DISPOSITION

LIFE TENANT

SHARED EQUITY MORTGAGE

SAMPLE LEGAL CASES

Sales v. Kecoughtan Housing Co., Ltd.

LANDMARK HHH, LLC v. Gi Hwa Park

Bert v. Commonwealth

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