West Olive Real Estate Lawyer, Michigan

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Paul L. Winter Lawyer

Paul L. Winter

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Real Estate, Estate, Business

Paul Winter specializes in estate planning, estate and trust administration, elder law, real estate, and business planning for individuals, and closel... (more)

Alexandre Mark Zucco

Real Estate, Immigration, Estate, Criminal, Business
Status:  In Good Standing           Licensed:  13 Years

Andrew Sterling Longcore

Real Estate, Lawsuit & Dispute, Employment, Business
Status:  In Good Standing           

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Angelyn Marie Justian

Real Estate, Business
Status:  In Good Standing           Licensed:  9 Years

Benjamin P. Stoep

Real Estate, Biotechnology, Wrongful Termination, Business
Status:  In Good Standing           Licensed:  12 Years

Bradley J. Fisher

Real Estate, Employee Rights, Administrative Law, Bankruptcy
Status:  In Good Standing           Licensed:  22 Years

Cara L. Fisher

Construction, Trademark, Trusts, Contract
Status:  In Good Standing           Licensed:  22 Years

Carl J. Gabrielse

Real Estate, Lawsuit & Dispute, Government, Business
Status:  In Good Standing           Licensed:  20 Years

Catherine Anne Brainerd

Real Estate, Litigation, Agriculture, Industry Specialties
Status:  In Good Standing           Licensed:  18 Years

Charles M. Miesch

Landlord-Tenant, Traffic, Lawsuit, Pension & Benefits
Status:  Inactive           Licensed:  42 Years

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

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800-943-8690

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LEGAL TERMS

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.

MULTIPLE LISTING SERVICE (MLS)

A computer-based service that provides real estate professionals with detailed listings of most homes currently on the market. Much of the information can now b... (more...)
A computer-based service that provides real estate professionals with detailed listings of most homes currently on the market. Much of the information can now be obtained by the public through websites like www.realtor.com.

ASSIGNMENT

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

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.

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.

BREACH OF CONTRACT

A legal claim that one party failed to perform as required under a valid agreement with the other party. For example you might say, 'The roofer breached our con... (more...)
A legal claim that one party failed to perform as required under a valid agreement with the other party. For example you might say, 'The roofer breached our contract by using substandard supplies when he repaired my roof.'

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.

DOMINANT TENEMENT

Property that carries a right to use a portion of a neighboring property. For example, property that benefits from a beach access trail across another property ... (more...)
Property that carries a right to use a portion of a neighboring property. For example, property that benefits from a beach access trail across another property is the dominant tenement.

MECHANIC'S LIEN

A legal claim placed on real estate by someone who is owed money for labor, services or supplies contributed to the property for the purpose of improving it. Ty... (more...)
A legal claim placed on real estate by someone who is owed money for labor, services or supplies contributed to the property for the purpose of improving it. Typical lien claimants are general contractors, subcontractors and suppliers of building materials. A mechanics' lien claimant can sue to have the real estate sold at auction and recover the debt from the proceeds. Because property with a lien on it cannot be easily sold until the lien is satisfied (paid off), owners have a great incentive to pay their bills.