Novi Real Estate Lawyer, Michigan, page 5

Sponsored Law Firm


Bruce A. Measom

Real Estate, Business
Status:  In Good Standing           Licensed:  33 Years

John M. Ranke

Real Estate, International, Estate Planning, Environmental Law
Status:  In Good Standing           Licensed:  41 Years

Brian M. Akkashian

Real Estate, Lawsuit & Dispute, Intellectual Property, Business
Status:  In Good Standing           Licensed:  28 Years

Philip Anselmo Deloach

Commercial Real Estate, Copyright, Trusts, Contract
Status:  In Good Standing           Licensed:  10 Years

Bruce H. Seyburn

Tax, Real Estate, Gift Taxation
Status:  In Good Standing           Licensed:  57 Years

Dale R. Campbell

Real Estate, Estate Planning, Administrative Law, Business
Status:  In Good Standing           Licensed:  41 Years

Michael S. Leib

Real Estate, Dispute Resolution, Arbitration, Business
Status:  In Good Standing           

Amallie De Fonseka

Real Estate, Health Care Other, Family Law, Administrative Law
Status:  In Good Standing           Licensed:  10 Years

Daniel C. Devine

Education, Real Estate, Motor Vehicle, Lawsuit
Status:  In Good Standing           Licensed:  37 Years

Brian V. Howe

Real Estate, Estate Planning, Elder Law, Business
Status:  In Good Standing           Licensed:  53 Years

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800-943-8690

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LEGAL TERMS

HOMESTEAD DECLARATION

A form filed with the county recorder's office to put on record your right to a homestead exemption. In most states, the homestead exemption is automatic--that ... (more...)
A form filed with the county recorder's office to put on record your right to a homestead exemption. In most states, the homestead exemption is automatic--that is, you are not required to record a homestead declaration in order to claim the homestead exemption. A few states do require such a recording, however.

EXPRESS WARRANTY

A guarantee about the quality of goods or services made by a seller, such as 'This item is guaranteed against defects in construction for one year.' Most expres... (more...)
A guarantee about the quality of goods or services made by a seller, such as 'This item is guaranteed against defects in construction for one year.' Most express warranties come directly from the manufacturer or are included in the sales contract. If you want to hold the seller to an oral guarantee, it's best to get it in writing or have witnesses to the guarantee so that it doesn't come down to your word against the seller's if a problem arises.

FAILURE OF CONSIDERATION

The refusal or inability of a contracting party to perform its side of a bargain.

IMPLIED WARRANTY OF HABITABILITY

A legal doctrine that requires landlords to offer and maintain livable premises for their tenants. If a landlord fails to provide habitable housing, tenants in ... (more...)
A legal doctrine that requires landlords to offer and maintain livable premises for their tenants. If a landlord fails to provide habitable housing, tenants in most states may legally withhold rent or take other measures, including hiring someone to fix the problem or moving out. See constructive eviction.

LEASE OPTION

A contract in which an owner leases her house (usually for one to five years) to a tenant for a specific monthly rent, and which gives the tenant the right to b... (more...)
A contract in which an owner leases her house (usually for one to five years) to a tenant for a specific monthly rent, and which gives the tenant the right to buy the house at the end of the lease period for a price established in advance. A lease option is often a good arrangement for a potential home buyer because it lets him move into a house he may buy without having to come up with a down payment or financing at that time.

ASSIGNEE

A person to whom a property right is transferred. For example, an assignee may take over a lease from a tenant who wants to permanently move out before the leas... (more...)
A person to whom a property right is transferred. For example, an assignee may take over a lease from a tenant who wants to permanently move out before the lease expires. The assignee takes control of the property and assumes all the legal rights and responsibilities of the tenant, including payment of rent. However, the original tenant remains legally responsible if the assignee fails to pay the rent.

BEQUEST

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

ASSIGNMENT

A transfer of property rights from one person to another, called the assignee.

QUASI-COMMUNITY PROPERTY

A form of property owned by a married couple. If a couple moves to a community property state from a non-community property state, property they acquired togeth... (more...)
A form of property owned by a married couple. If a couple moves to a community property state from a non-community property state, property they acquired together in the non-community property state may be considered quasi-community property. Quasi-community property is treated just like community property when one spouse dies or if the couple divorces.