Garden City Real Estate Lawyer, Michigan

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Mohamad I Bazzi

Juvenile Law, Real Estate, Immigration, Business
Status:  In Good Standing           Licensed:  10 Years

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Gary E. Gardner

Divorce & Family Law, Criminal, Residential Real Estate, Divorce
Status:  In Good Standing           

David S. Wilkinson

Commercial Real Estate, Foreclosure, Contract, Bankruptcy
Status:  In Good Standing           Licensed:  22 Years

Cyril C. Hall

Real Estate, Family Medical Leave Act (FMLA), Criminal, Contract
Status:  In Good Standing           Licensed:  46 Years

Mark L. Gantz

Real Estate, Estate, Divorce & Family Law, DUI-DWI, Medical Malpractice
Status:  In Good Standing           Licensed:  53 Years

Linda G. Anderson

Landlord-Tenant, Real Estate, Estate Planning, Contract, Credit & Debt
Status:  In Good Standing           Licensed:  32 Years

Ali H. Koussan

Real Estate, Litigation, Lawsuit & Dispute, Accident & Injury
Status:  In Good Standing           Licensed:  13 Years

George S. Shea

Real Estate, Estate Planning, Elder Law, Contract
Status:  In Good Standing           

Carl V. Creighton

Real Estate, Estate Planning, Estate, Business
Status:  In Good Standing           

Joseph W. Larkin

Landlord-Tenant, Contract, Collection, Medical Malpractice
Status:  In Good Standing           Licensed:  35 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

PROPERTY

See personal property, real estate, community property, separate property.

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.

CONSIDERATION

The basis of a contract. Consideration is a benefit or right for which the parties to a contract must bargain; the contract is founded on an exchange of one for... (more...)
The basis of a contract. Consideration is a benefit or right for which the parties to a contract must bargain; the contract is founded on an exchange of one form of consideration for another. Consideration may be a promise to perform a certain act -- for example, a promise to fix a leaky roof -- or a promise not to do something, such as build a second story on a house that will block the neighbor's view. Whatever its particulars, consideration must be something of value to the people who are making the contract.

RENT CONTROL

Laws that limit the amount of rent landlords may charge, and that state when and by how much the rent can be raised. Most rent control laws also require a landl... (more...)
Laws that limit the amount of rent landlords may charge, and that state when and by how much the rent can be raised. Most rent control laws also require a landlord to provide a good reason, such as repeatedly late rent, for evicting a tenant. Rent control exists in some cities and counties in California, Maryland, New Jersey, New York and Washington, D.C.

BALLOON PAYMENT

A large final payment due at the end of a loan, typically a home or car loan, to pay off the amount your monthly payments didn't cover. Many states prohibit bal... (more...)
A large final payment due at the end of a loan, typically a home or car loan, to pay off the amount your monthly payments didn't cover. Many states prohibit balloon payments in loans for goods or services that are primarily for personal, family or household use, or require the lender to let you refinance the balloon payment before forcing collection.

LIABILITY INSURANCE COVERAGE

Compensation to third parties who are injured or whose property is damaged due to the fault of the insurance holder. You may have liability insurance for your c... (more...)
Compensation to third parties who are injured or whose property is damaged due to the fault of the insurance holder. You may have liability insurance for your car or your home, or to cover actions you take in the course of your profession. Liability polices are sometimes called 'third-party policies.'

CONSTRUCTIVE EVICTION

When a landlord provides housing that is so substandard that a landlord has legally evicted the tenant. For example, if the landlord refuses to provide heat or ... (more...)
When a landlord provides housing that is so substandard that a landlord has legally evicted the tenant. For example, if the landlord refuses to provide heat or water or refuses to clean up an environmental health hazard, the tenant has the right to move out and stop paying rent, without incurring legal liability for breaking the lease.

SETBACK

The distance between a property boundary and a building. A minimum setback is usually required by law.

PRIVATE MORTGAGE INSURANCE (PMI)

Insurance that reimburses a mortgage lender if the buyer defaults on the loan and the foreclosure sale price is less than the amount owed the lender (the mortga... (more...)
Insurance that reimburses a mortgage lender if the buyer defaults on the loan and the foreclosure sale price is less than the amount owed the lender (the mortgage plus the costs of the sale). A home buyer who makes less than a 20% down payment may have to purchase PMI.