Kimball Real Estate Lawyer, Minnesota

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James P.A. Morrighan

Construction, Intellectual Property, Employment, Corporate
Status:  In Good Standing           

John R. Koch

Banking & Finance, Corporate, Business Organization, Construction
Status:  Inactive           

Dyan Jean Ebert

Construction, Litigation, State Appellate Practice, Employment
Status:  In Good Standing           Licensed:  31 Years

Sarah Rae Jewell

Employment, Lawsuit & Dispute, Real Estate, Workers' Compensation
Status:  In Good Standing           Licensed:  13 Years

Wesley William Scott

Foreclosure, Garnishment, Workout, Consumer Bankruptcy, Bankruptcy
Status:  In Good Standing           Licensed:  28 Years

Betsey Lynne Lund

Real Estate, Employment Discrimination, Family Law, Business & Trade
Status:  In Good Standing           Licensed:  16 Years

John L. Greer

Construction, Estate Planning, Employment, Corporate
Status:  In Good Standing           Licensed:  34 Years

John R Koch

Business, Real Estate, Business & Trade, Municipal
Status:  Retired           Licensed:  52 Years

Stanley J Weinberger

Commercial Real Estate
Status:  In Good Standing           Licensed:  50 Years

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

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LEGAL TERMS

CO-TENANTS

Two or more tenants who rent the same property under the same lease or rental agreement. Each co-tenant is 100% responsible for carrying out the rental agreemen... (more...)
Two or more tenants who rent the same property under the same lease or rental agreement. Each co-tenant is 100% responsible for carrying out the rental agreement, which includes paying the entire rent if the other tenant skips town and paying for damage caused by the other tenant.

RECORDING

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.

SERVIENT TENEMENT

Property that is subject to use by another for a specific purpose. For example, a beachfront house that has a public walkway to the beach on its premises would ... (more...)
Property that is subject to use by another for a specific purpose. For example, a beachfront house that has a public walkway to the beach on its premises would be a servient tenement.

GROSS LEASE

A commercial real estate lease in which the tenant pays a fixed amount of rent per month or year, regardless of the landlord's operating costs, such as maintena... (more...)
A commercial real estate lease in which the tenant pays a fixed amount of rent per month or year, regardless of the landlord's operating costs, such as maintenance, taxes and insurance. A gross lease closely resembles the typical residential lease. The tenant may agree to a 'gross lease with stops,' meaning that the tenant will pitch in if the landlord's operating costs rise above a certain level. In real estate lingo, the point when the tenant starts to contribute is called the 'stop level,' because that's where the landlord's share of the costs stops.

SETBACK

The distance between a property boundary and a building. A minimum setback is usually required by law.

DEVISE

An old legal term that is generally used to refer to real estate left to someone under the terms of a will, or to the act of leaving such real estate. In some s... (more...)
An old legal term that is generally used to refer to real estate left to someone under the terms of a will, or to the act of leaving such real estate. In some states, 'devise' now applies to any kind of property left by will, making it identical to the term bequest. Compare legacy.

BEQUEST

The legal term for personal property (anything but real estate) left in a will.

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.

PRIVATE MORTGAGE INSURANCE (PMI)

Insurance that reimburses a mortgage lender if the buyer defaults on the loan and the foreclosure sale price is less than the amount owed the lender (the mortga... (more...)
Insurance that reimburses a mortgage lender if the buyer defaults on the loan and the foreclosure sale price is less than the amount owed the lender (the mortgage plus the costs of the sale). A home buyer who makes less than a 20% down payment may have to purchase PMI.