Sterling Heights Timeshare Lawyer, Michigan, page 6

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Benjamin Thomas Murphy

Real Estate, Criminal
Status:  Suspended           Licensed:  8 Years

Irene S. Wassel

Foreclosure, Traffic, Lawsuit & Dispute, Family Law
Status:  In Good Standing           Licensed:  30 Years

Warren E. Mcalpine

Real Estate, Criminal, Accident & Injury
Status:  In Good Standing           Licensed:  24 Years

Janet L. Szpond

Landlord-Tenant, Government, Trusts, Divorce
Status:  In Good Standing           Licensed:  31 Years
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Nicholas Michael Kuusisto

Tax, Commercial Real Estate, Estate Planning, Business
Status:  In Good Standing           Licensed:  8 Years

Elena Blazeski

Real Estate, Dispute Resolution, Estate, Contract
Status:  In Good Standing           Licensed:  11 Years

Brent M. Kratochvil

Power of Attorney, Real Estate, Motor Vehicle, Lawsuit & Dispute, Accident & Injury
Status:  In Good Standing           Licensed:  9 Years

Darryl J. Chimko

Real Estate, Bankruptcy, Business, Lawsuit & Dispute
Status:  In Good Standing           Licensed:  41 Years

Paul Joseph Jonna

Landlord-Tenant, Litigation, Family Medical Leave Act (FMLA), Business
Status:  In Good Standing           Licensed:  9 Years

Philip P. Ruggeri

Real Estate, Bankruptcy
Status:  In Good Standing           Licensed:  40 Years

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800-943-8690

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By submitting this lawyer request, I confirm I have read and agree to the Consent to Receive Email, Phone, Text Messages, Terms of Use, and Privacy Policy. Information provided is not privileged or confidential.

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LEGAL TERMS

VESTED REMAINDER

An unconditional right to receive real property at some point in the future. A vested interest may be created by a deed or a will. For example, if Julie's will ... (more...)
An unconditional right to receive real property at some point in the future. A vested interest may be created by a deed or a will. For example, if Julie's will leaves her house to her daughter, but the daughter gains possession only after Julie's husband dies, the daughter has a vested remainder in the house.

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.

NONCOMPETITION AGREEMENT

An agreement, generally included in an employment contract or a contract for the sale of a business, where one party agrees not to compete with the other party ... (more...)
An agreement, generally included in an employment contract or a contract for the sale of a business, where one party agrees not to compete with the other party for a specific period of time and within a particular area. Salespeople, for example, often sign noncompetition agreements that prevent them from using the contacts gained by one employer to benefit another employer. Or a salesperson may sign what is known as a 'noncompete,' agreeing not to sell within a particular area, or even work in the same type of business. In some states, such as California, courts view noncompetition agreements with disfavor and will not enforce them unless the restrictions are very narrow. In other states, courts routinely uphold them.

QUANTUM MERUIT

The reasonable value of services provided, which a winning party may be able to recover from an opponent who broke a contract.

SHARED EQUITY MORTGAGE

A home loan in which the lender gets a share of the equity of the home in exchange for providing a portion of the down payment. When the home is later sold, the... (more...)
A home loan in which the lender gets a share of the equity of the home in exchange for providing a portion of the down payment. When the home is later sold, the lender is entitled to a portion of the proceeds.

NONDISCLOSURE AGREEMENT

A legally binding contract in which a person or business promises to treat specific information as a trade secret and not disclose it to others without proper a... (more...)
A legally binding contract in which a person or business promises to treat specific information as a trade secret and not disclose it to others without proper authorization. Nondisclosure agreements are often used when a business discloses a trade secret to another person or business for such purposes as development, marketing, evaluation or securing financial backing. Although nondisclosure agreements are usually in the form of written contracts, they may also be implied if the context of a business relationship suggests that the parties intended to make an agreement. For example, a business that conducts patent searches for inventors is expected to keep information about the invention secret, even if no written agreement is signed, because the nature of the business is to deal in confidential information.

TESTAMENTARY DISPOSITION

Leaving property in a will.

RIGHT OF SURVIVORSHIP

The right of a surviving joint tenant to take ownership of a deceased joint tenant's share of the property. See joint tenancy.

BEQUEST

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