Valhermoso Springs Landlord-Tenant Lawyer, Alabama
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Larry O. Daniel
Landlord-Tenant, Real Estate, Corporate, Banking & Finance
Status: In Good Standing Licensed: 27 Years
905 Bob Wallace Ave SW, Huntsville, AL 35801
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Justin G. South
Landlord-Tenant, Litigation, Corporate, Banking & Finance
Status: In Good Standing Licensed: 21 Years
905 Bob Wallace Ave SW, Huntsville, AL 35801
Profile LAWPOINTS™40/100
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LEGAL TERMS
YELLOW-DOG CONTRACT
An employment contract in which the employer forbids the employee to join a labor union. Yellow-dog contracts are not legally enforceable.
APPRAISER
A person who is hired to determine the current value of real estate or other property.
SECURITY DEPOSIT
A payment required by a landlord to ensure that a tenant pays rent on time and keeps the rental unit in good condition. If the tenant damages the property or le... (more...)
A payment required by a landlord to ensure that a tenant pays rent on time and keeps the rental unit in good condition. If the tenant damages the property or leaves owing rent, the landlord can use the security deposit to cover what the tenant owes.
DOWN PAYMENT
A lump sum cash payment paid by a buyer when he or she purchases a major piece of property, such as a car or house. The buyer typically takes out a loan for the... (more...)
A lump sum cash payment paid by a buyer when he or she purchases a major piece of property, such as a car or house. The buyer typically takes out a loan for the balance remaining, and pays it off in monthly installments over time.
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.
ACT OF GOD
An extraordinary and unexpected natural event, such as a hurricane, tornado, earthquake or even the sudden death of a person. An act of God may be a defense aga... (more...)
An extraordinary and unexpected natural event, such as a hurricane, tornado, earthquake or even the sudden death of a person. An act of God may be a defense against liability for injuries or damages. Under the law of contracts, an act of God often serves as a valid excuse if one of the parties to the contract is unable to fulfill his or her duties -- for instance, completing a construction project on time.
JUROR
A person who serves on a jury. Lists of potential jurors are obtained from sources such as voter registration rolls and department of motor vehicles' lists. In ... (more...)
A person who serves on a jury. Lists of potential jurors are obtained from sources such as voter registration rolls and department of motor vehicles' lists. In most states, employers are prohibited from discriminating against employees who are called for jury duty--that is, they cannot demote or fire an employee for serving. And a few states require that the employer continue to pay the absent employee. Individuals who are selected to serve on a jury receive from the court a very small fee for their time and sometimes the cost of traveling from home to court.
NULLA BONA
Latin for 'no goods.' This is what the sheriff writes when she can find no property to seize in order to pay off a court judgment.
DEBENTURE
A type of bond (an interest-bearing document that serves as evidence of a debt) that does not require security in the form of a mortgage or lien on a specific p... (more...)
A type of bond (an interest-bearing document that serves as evidence of a debt) that does not require security in the form of a mortgage or lien on a specific piece of property. Repayment of a debenture is guaranteed only by the general credit of the issuer. For example, a corporation may issue a secured bond that gives the bondholder a lien on the corporation's factory. But if it issues a debenture, the loan is not secured by any property at all. When a corporation issues debentures, the holders are considered creditors of the corporation and are entitled to payment before shareholders if the business folds.
SAMPLE LEGAL CASES
Shoney's LLC v. Mac East, LLC
... stated: "`Where the lease merely contains a provision—without more—granting
a person, normally a landlord, the power to withhold consent, regardless of whether
explicitly qualified to reasonable exercises of that power ... ...
Gibson v. Merrifield
... A landlord has no duty to' inspect for latent defects, ie, defects that are hidden
or concealed, or which can not be discovered by a reasonable inspection. "` . .
A]lthough a landlord is under no duty to inspect for and repair ...
EX PARTE AIG BAKER ORANGE BEACH WHARF
... The lease agreement contained a provision entitled "mutual waiver of jury trial," which provided,
in pertinent part: "Tenant and Landlord hereby waive any right to a trial by jury on any claim,
counterclaim, setoff, demand, action or cause of action brought by either of the parties ...
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