Boscobel Landlord-Tenant Lawyer, Wisconsin
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170 Preston Dr, Platteville, WI 53818
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213 Main St, Darlington, WI 53530
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LEGAL TERMS
LIQUID ASSETS
Business property that can be quickly and easily converted into cash, such as stock, bank accounts and accounts receivable.
PRECEDENT
A legal principle or rule created by one or more decisions of a state or federal appellate court. These rules provide a point of reference or authority for judg... (more...)
A legal principle or rule created by one or more decisions of a state or federal appellate court. These rules provide a point of reference or authority for judges deciding similar issues in later cases. Lower courts must apply these rules when faced with similar legal issues. For example, if the Montana Supreme Court decides that a certain type of employment contract overly restricts the right of the employee to quit and get another job, all other Montana courts must apply this same rule.
TENANCY IN COMMON
A way two or more people can own property together. Each can leave his or her interest upon death to beneficiaries of his choosing instead of to the other owner... (more...)
A way two or more people can own property together. Each can leave his or her interest upon death to beneficiaries of his choosing instead of to the other owners, as is required with joint tenancy. In some states, two people are presumed to own property as tenants in common unless they've agreed otherwise in writing.
SEVERANCE PAY
Funds, usually amounting to one or two months' salary, frequently offered by employers to workers who are laid off. No law compels employers to provide severanc... (more...)
Funds, usually amounting to one or two months' salary, frequently offered by employers to workers who are laid off. No law compels employers to provide severance pay, although the employer may be legally obligated to do so if it was promised in a contract or employees' handbook.
DEED IN LIEU (OF FORECLOSURE)
A means of escaping an overly burdenome mortgage. If a homeowner can't make the mortgage payments and can't find a buyer for the house, many lenders will accept... (more...)
A means of escaping an overly burdenome mortgage. If a homeowner can't make the mortgage payments and can't find a buyer for the house, many lenders will accept ownership of the property in place of the money owed on the mortgage. Even if the lender won't agree to accept the property, the homeowner can prepare a quitclaim deed that unilaterally transfers the homeowner's property rights to the lender.
CO-TENANTS
Two or more tenants who rent the same property under the same lease or rental agreement. Each co-tenant is 100% responsible for carrying out the rental agreemen... (more...)
Two or more tenants who rent the same property under the same lease or rental agreement. Each co-tenant is 100% responsible for carrying out the rental agreement, which includes paying the entire rent if the other tenant skips town and paying for damage caused by the other tenant.
SETBACK
The distance between a property boundary and a building. A minimum setback is usually required by law.
COVENANT
A restriction on the use of real estate that governs its use, such as a requirement that the property will be used only for residential purposes. Covenants are ... (more...)
A restriction on the use of real estate that governs its use, such as a requirement that the property will be used only for residential purposes. Covenants are found in deeds or in documents that bind everyone who owns land in a particular development. See covenants, conditions and restrictions.
LEGACY
An outdated legal word meaning personal property left by a will. The more common term for this type of property is bequest. Compare devise.
SAMPLE LEGAL CASES
Boelter v. Tschantz
... 1 HOOVER, PJ. Terri Boelter appeals a judgment, and an order denying her motion for
reconsideration, entered after a trial de novo on claims against her landlord. ... 2006), which provides:
A landlord may withhold from a tenant's security deposit only for the following: . . . . ...
MARYLAND ARMS LTD. PARTNERSHIP v. Connell
... is void; (2) § 704.07(3) makes Cari Connell responsible for damages only when she is negligent
or improperly uses the rented premises, and she was not negligent, nor did she improperly use
the premises; and (3) the clear implication of § 704.07 is that the landlord is obligated ...
PUCCETTI v. Olsen
... Both hornbook law and the statutes provide that when a landlord accepts the tenant's surrender
of the lease, he forfeits his right to future rents and damages; therefore, we reverse. ... Id. ¶ 11 We
rejected Tully's arguments. First, we restated hornbook landlord/tenant law. ...
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