Elroy Landlord-Tenant Lawyer, Wisconsin
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David Shudlick
Real Estate, Wills & Probate, Trusts, Criminal
Status: In Good Standing Licensed: 46 Years
1501 Kilbourn, Tomah, WI 54660
Profile LAWPOINTS™24/100
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Zelotes S. Rice
Wills & Probate, Labor Law, Commercial Real Estate
Status: Inactive Licensed: 75 Years
Sparta, WI 54656
Profile LAWPOINTS™14/100
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Joseph L. Viney
Real Estate, Estate, Divorce & Family Law, Criminal
Status: In Good Standing Licensed: 48 Years
137 3Rd Ave, Baraboo, WI 53913
Profile LAWPOINTS™34/100
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LEGAL TERMS
JOINT TENANCY
A way for two or more people to share ownership of real estate or other property. When two or more people own property as joint tenants and one owner dies, the ... (more...)
A way for two or more people to share ownership of real estate or other property. When two or more people own property as joint tenants and one owner dies, the other owners automatically own the deceased owner's share. For example, if a parent and child own a house as joint tenants and the parent dies, the child automatically becomes full owner. Because of this right of survivorship, no will is required to transfer the property; it goes directly to the surviving joint tenants without the delay and costs of probate.
DOMINANT TENEMENT
Property that carries a right to use a portion of a neighboring property. For example, property that benefits from a beach access trail across another property ... (more...)
Property that carries a right to use a portion of a neighboring property. For example, property that benefits from a beach access trail across another property is the dominant tenement.
SUBLEASE
A rental agreement or lease between a tenant and a new tenant (called a sublessee) who will either share the rental or take over from the first tenant. The subl... (more...)
A rental agreement or lease between a tenant and a new tenant (called a sublessee) who will either share the rental or take over from the first tenant. The sublessee pays rent directly to the tenant. The tenant is still completely responsible to the landlord for the rent and for any damage, including that caused by the sublessee. Most landlords prohibit subleases unless they have given prior written consent. Compare assignment.
QUITCLAIM DEED
A deed that transfers whatever ownership interest the transferor has in a particular property. The deed does not guarantee anything about what is being transfer... (more...)
A deed that transfers whatever ownership interest the transferor has in a particular property. The deed does not guarantee anything about what is being transferred, however. For example, a divorcing husband may quitclaim his interest in certain real estate to his ex-wife, officially giving up any legal interest in the property. Compare grant deed.
LIQUID ASSETS
Business property that can be quickly and easily converted into cash, such as stock, bank accounts and accounts receivable.
BREACH OF CONTRACT
A legal claim that one party failed to perform as required under a valid agreement with the other party. For example you might say, 'The roofer breached our con... (more...)
A legal claim that one party failed to perform as required under a valid agreement with the other party. For example you might say, 'The roofer breached our contract by using substandard supplies when he repaired my roof.'
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.
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.
HOMESTEAD
(1) The house in which a family lives, plus any adjoining land and other buildings on that land. (2) Real estate which is not subject to the claims of creditors... (more...)
(1) The house in which a family lives, plus any adjoining land and other buildings on that land. (2) Real estate which is not subject to the claims of creditors as long as it is occupied as a home by the head of the household. After the head of the family dies, homestead laws often allow the surviving spouse or minor children to live on the property for as long as they choose. (3) Land acquired out of the public lands of the United States. The term 'homesteaders' refers to people who got their land by settling it and making it productive, rather than purchasing it outright.
SAMPLE LEGAL CASES
Boelter v. Tschantz
... 1 HOOVER, PJ. Terri Boelter appeals a judgment, and an order denying her motion for
reconsideration, entered after a trial de novo on claims against her landlord. ... 2006), which provides:
A landlord may withhold from a tenant's security deposit only for the following: . . . . ...
MARYLAND ARMS LTD. PARTNERSHIP v. Connell
... is void; (2) § 704.07(3) makes Cari Connell responsible for damages only when she is negligent
or improperly uses the rented premises, and she was not negligent, nor did she improperly use
the premises; and (3) the clear implication of § 704.07 is that the landlord is obligated ...
PUCCETTI v. Olsen
... Both hornbook law and the statutes provide that when a landlord accepts the tenant's surrender
of the lease, he forfeits his right to future rents and damages; therefore, we reverse. ... Id. ¶ 11 We
rejected Tully's arguments. First, we restated hornbook landlord/tenant law. ...
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