Mount Perry Landlord-Tenant Lawyer, Ohio

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David James Tarbert

Divorce & Family Law, Criminal, Real Estate, Estate
Status:  In Good Standing           Licensed:  31 Years

Sherry Lee Ryan

Real Estate, International Other, Estate, Elder Law
Status:  In Good Standing           Licensed:  51 Years

Vincent Charles Russo

Medical Malpractice, Real Estate, Federal Appellate Practice, Criminal
Status:  In Good Standing           Licensed:  17 Years

James Randal Krischak

Construction, Litigation, Federal Appellate Practice, Family Law
Status:  In Good Standing           Licensed:  48 Years

Philip Sanford Phillips

Real Estate, Federal Appellate Practice, Elder Law, Corporate
Status:  In Good Standing           Licensed:  50 Years

John Reed Allen

Real Estate, Estate, Criminal, Banking & Finance
Status:  In Good Standing           Licensed:  56 Years

Scott Douglas Eickelberger

Real Estate, Litigation, Commercial Bankruptcy, Personal Injury
Status:  In Good Standing           Licensed:  33 Years

Walter Kerfoot Chess

Real Estate, Public Schools, Estate, Corporate
Status:  In Good Standing           Licensed:  50 Years

Gerald Arthur Erhard

Administrative Law, Bankruptcy, Real Estate, Criminal
Status:  Inactive           Licensed:  45 Years

Ward Denver Coffman

Real Estate, Sports, Estate, Banking & Finance, Bankruptcy & Debt
Status:  In Good Standing           Licensed:  46 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

USUFRUCT

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

LEGACY

An outdated legal word meaning personal property left by a will. The more common term for this type of property is bequest. Compare devise.

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.

MARITAL DEDUCTION

A deduction allowed by the federal estate tax laws for all property passed to a surviving spouse who is a U.S. citizen. This deduction (which really functions a... (more...)
A deduction allowed by the federal estate tax laws for all property passed to a surviving spouse who is a U.S. citizen. This deduction (which really functions as an exemption) allows anyone, even a billionaire, to pass his or her entire estate to a surviving spouse without any tax at all.

EXCULPATORY CLAUSE

A provision in a lease that absolves the landlord from responsibility for all damages, injuries or losses occurring on the property, including those caused by t... (more...)
A provision in a lease that absolves the landlord from responsibility for all damages, injuries or losses occurring on the property, including those caused by the landlord's actions. Most states have laws that void exculpatory clauses in rental agreements, which means that a court will not enforce them.

CAUSE OF ACTION

A specific legal claim -- such as for negligence, breach of contract or medical malpractice -- for which a plaintiff seeks compensation. Each cause of action is... (more...)
A specific legal claim -- such as for negligence, breach of contract or medical malpractice -- for which a plaintiff seeks compensation. Each cause of action is divided into discrete elements, all of which must be proved to present a winning case.

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.

DOWN PAYMENT

A lump sum cash payment paid by a buyer when he or she purchases a major piece of property, such as a car or house. The buyer typically takes out a loan for the... (more...)
A lump sum cash payment paid by a buyer when he or she purchases a major piece of property, such as a car or house. The buyer typically takes out a loan for the balance remaining, and pays it off in monthly installments over time.

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.