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Fred V. Peet
About | Practice Areas
Law Office of Fred V. Peet
55 Patchen Rd South Burlington, VT 05403» view map
Real Estate Law
Vermont’s Real Estate Law Source

The Law Offices of Fred V. Peet, P.C. concentrates its practice on residential and commercial real estate transactions.

800-960-0161
1. Fred V. Peet South Burlington, VT
  Attorney at Law - VT, 1993
  Vermont Law School J.D. 1993
2. AboutLaw Office of Fred V. Peet
  Vermont’s Real Estate Law Source
3. Practice AreasExpertise
  Real Estate Law
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Includes: Construction Contracts, Construction Liens, Housing & Construction Defects

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125 Main St, Hyde Park, VT 05655

800-923-0641

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LEGAL TERMS

HOLD HARMLESS

In a contract, a promise by one party not to hold the other party responsible if the other party carries out the contract in a way that causes damage to the fir... (more...)

In a contract, a promise by one party not to hold the other party responsible if the other party carries out the contract in a way that causes damage to the first party. For example, many leases include a hold harmless clause in which the tenant agrees not to sue the landlord if the tenant is injured due to the landlord's failure to maintain the premises. In most states, these clauses are illegal in residential tenancies, but may be upheld in commercial settings.

CONTINGENCY

A provision in a contract stating that some or all of the terms of the contract will be altered or voided by the occurrence of a specific event. For example, a ... (more...)

A provision in a contract stating that some or all of the terms of the contract will be altered or voided by the occurrence of a specific event. For example, a contingency in a contract for the purchase of a house might state that if the buyer does not approve the inspection report of the physical condition of the property, the buyer does not have to complete the purchase.

INCIDENTS OF OWNERSHIP

Any control over property. If you give away property but keep an incident of ownership--for example, you give away an apartment building but retain the right to... (more...)

Any control over property. If you give away property but keep an incident of ownership--for example, you give away an apartment building but retain the right to receive rent--then legally, no gift has been made. This distinction can be important if you're making large gifts to reduce your eventual estate tax.

COVENANTS, CONDITIONS & RESTRICTIONS (CC&RS)

The restrictions governing the use of real estate, usually enforced by a homeowners' association and passed on to the new owners of property. For example, CC&Rs... (more...)

The restrictions governing the use of real estate, usually enforced by a homeowners' association and passed on to the new owners of property. For example, CC&Rs may tell you how big your house can be, how you must landscape your yard or whether you can have pets. If property is subject to CC&Rs, buyers must be notified before the sale takes place.

INVITEE

A business guest, or someone who enters property held open to members of the public, such as a visitor to a museum. Property owners must protect invitees from d... (more...)

A business guest, or someone who enters property held open to members of the public, such as a visitor to a museum. Property owners must protect invitees from dangers on the property. In an example of the perversion of legalese, social guests that you invite into your home are called 'licensees.'

FAIR HOUSING ACT & FAIR HOUSING AMENDMENTS ACT

Federal laws that prohibit housing discrimination on the basis of race or color, national origin, religion, sex, familial status or disability. The federal Acts... (more...)

Federal laws that prohibit housing discrimination on the basis of race or color, national origin, religion, sex, familial status or disability. The federal Acts apply to all aspects of the landlord/tenant relationship, from refusing to rent to members of certain groups to providing different services during tenancy.

NET LEASE

A commercial real estate lease in which the tenant regularly pays not only for the space (as he does with a gross lease) but for a portion of the landlord's ope... (more...)

A commercial real estate lease in which the tenant regularly pays not only for the space (as he does with a gross lease) but for a portion of the landlord's operating costs as well. When all three of the usual costs--taxes, maintenance and insurance--are passed on, the arrangement is known as a 'triple net lease.' Because these costs are variable and almost never decrease, a net lease favors the landlord. Accordingly, it may be possible for a tenant to bargain for a net lease with caps or ceilings, which limits the amount of rent the tenant must pay. For example, a net lease with caps may specify that an increase in taxes beyond a certain point (or any new taxes) will be paid by the landlord. The same kind of protection can be designed to cover increased insurance premiums and maintenance expenses.

TORTIOUS INTERFERENCE

The causing of harm by disrupting something that belongs to someone else -- for example, interfering with a contractual relationship so that one party fails to ... (more...)

The causing of harm by disrupting something that belongs to someone else -- for example, interfering with a contractual relationship so that one party fails to deliver goods on time.

ASYLUM

A legal status granted to an individual who is in the United States and fears political persecution if he or she is forced to return to their home country.

SAMPLE LEGAL CASES

IN RE EUSTANCE ACT 250 JURISDICTIONAL OPINION (# 2-231)

... PRESENT: Reiber, CJ, Dooley, Johnson, Skoglund and Burgess, JJ. DOOLEY, J. Â¶ 1. Robert and Lourdes Eustance appeal an Environmental Court order that required an Act 250 permit amendment for the construction of improvements to their property. ...

Delta Psi Fraternity v. City of Burlington

... 32 VSA Â§ 3802(5) (emphasis added). Â¶ 7. When interpreting statutes, "[t]he bedrock rule of statutory construction is to determine and give effect to the intent of the Legislature." In re CS, 158 Vt. 339, 343, 609 A.2d 641, 643 (1992); see also Wesco, Inc. ...

In re Chatham Woods Holdings, LLC

... Except for excavation, the two owners of Chatham Woods did not directly participate in the construction of the units, but instead subcontracted the work to various construction companies. ... BK Construction, Inc. is owned by Bryan Howes. ...

Irasburg Construction Lawyer, Vermont

Sponsored Law Firm

Law Office of Fred V. Peet

SPONSORED LAWYERS

Sonia E. Dunbar

David Polow

TIPS

LEGAL TERMS

HOLD HARMLESS

CONTINGENCY

INCIDENTS OF OWNERSHIP

COVENANTS, CONDITIONS & RESTRICTIONS (CC&RS)

INVITEE

FAIR HOUSING ACT & FAIR HOUSING AMENDMENTS ACT

NET LEASE

TORTIOUS INTERFERENCE

ASYLUM

SAMPLE LEGAL CASES

IN RE EUSTANCE ACT 250 JURISDICTIONAL OPINION (# 2-231)

Delta Psi Fraternity v. City of Burlington

In re Chatham Woods Holdings, LLC

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