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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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Kathleen A. Mcmahon

Residential Real Estate, Foreclosure, Corporate, Personal Injury

Status: In Good Standing

CONTACT

Burlington, VT 05402

Ashley Post

Residential Real Estate, Commercial Real Estate, Foreclosure, Transactions

Status: In Good Standing

CONTACT

1233 Shelburne Rd, South Burlington, VT 05403

David Polow

Foreclosure, Mediation, Personal Injury, Car Accident

Status: In Good Standing

CONTACT

125 Main St, Hyde Park, VT 05655

800-923-0641

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LEGAL TERMS

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.

MEMORANDUM

(1) An informal written document. A memorandum may be used in any number of circumstances, but most lawyers are best acquainted with the interoffice memorandum-... (more...)

(1) An informal written document. A memorandum may be used in any number of circumstances, but most lawyers are best acquainted with the interoffice memorandum--a document prepared by a junior associate in a law office or a judge's law clerk outlining the facts, procedural elements and legal arguments involved in a particular legal matter. These memos are reviewed by senior lawyers and judges who use them to decide how to proceed with the case. (2) Any written record, including a letter or note, that proves that a contract exists between two parties. This type of memo may be enough to validate an oral (spoken) contract that would otherwise be unenforceable because of the statute of frauds. (Under the statute of frauds, an oral contract is invalid if it can't be completed within one year from the date the contract is made.)

REAL ESTATE

Land and the property permanently attached to it, such as buildings, houses, stationary mobile homes, fences and trees. In legalese, real estate is also called ... (more...)

Land and the property permanently attached to it, such as buildings, houses, stationary mobile homes, fences and trees. In legalese, real estate is also called real property.

EASEMENT BY PRESCRIPTION

A right to use property, acquired by a long tradition of open and obvious use. For example, if hikers have been using a trail through your backyard for ten year... (more...)

A right to use property, acquired by a long tradition of open and obvious use. For example, if hikers have been using a trail through your backyard for ten years and you've never complained, they probably have an easement by prescription through your yard to the trail.

APPRECIATION

An increase in value. Appreciated property is property that has gone up in value since it was acquired.

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.

FUTURE INTEREST

A right to property that cannot be enforced in the present, but only at some time in the future. For example, John's will leaves his house to his sister Marian,... (more...)

A right to property that cannot be enforced in the present, but only at some time in the future. For example, John's will leaves his house to his sister Marian, but only after the death of his wife, Hillary. Marian has a future interest in the house.

INDEPENDENT CONTRACTOR

A legal category of worker defined by the Internal Revenue Service. The key to the definition is that, unlike employees, independent contractors retain control ... (more...)

A legal category of worker defined by the Internal Revenue Service. The key to the definition is that, unlike employees, independent contractors retain control over how the work they are hired to do gets done; the person or company paying the independent contractor controls only the outcome--the product or service.

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.

Saint Albans Foreclosure Lawyer, Vermont

Sponsored Law Firm

Law Office of Fred V. Peet

SPONSORED LAWYERS

Kathleen A. Mcmahon

Ashley Post

David Polow

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LEGAL TERMS

ASYLUM

MEMORANDUM

REAL ESTATE

EASEMENT BY PRESCRIPTION

APPRECIATION

NET LEASE

FUTURE INTEREST

INDEPENDENT CONTRACTOR

GROSS LEASE

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