A gift of property. The IRS allows you to take an income tax deduction for the value of donations made to charitable organizations who are recognized as such by... (more...)

A gift of property. The IRS allows you to take an income tax deduction for the value of donations made to charitable organizations who are recognized as such by the IRS.

LIFE TENANT

One who has a life estate in real property.

QUANTUM MERUIT

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

FUTURE INTEREST

A right to property that cannot be enforced in the present, but only at some time in the future. For example, John's will leaves his house to his sister Marian,... (more...)

A right to property that cannot be enforced in the present, but only at some time in the future. For example, John's will leaves his house to his sister Marian, but only after the death of his wife, Hillary. Marian has a future interest in the house.

RECORDING

The process of filing a copy of a deed or other document concerning real estate with the land records office for the county in which the land is located. Record... (more...)

The process of filing a copy of a deed or other document concerning real estate with the land records office for the county in which the land is located. Recording creates a public record of changes in ownership of all property in the state.

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.

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.

USUFRUCT

The right to use property -- or income from property -- that is owned by another.

SAMPLE LEGAL CASES

Anderson v. Ken Kauffman & Sons Excavating

... Nicholas contends that the trial court engaged in unnecessary statutory construction and failed to apply the plain language of the amended statute when it found that the legislature did not intend to eliminate the exclusivity requirement. ...

Robinson v. Hooker

... Taylor, 73 SW3d at 622. 2. Statutory Construction. Prior ... "`A strict construction of a statute presumes nothing that is not expressed.'" Id. (quoting Sutherland, supra.). 3. Strict Construction of Employer Immunity Provisions. Based ...

Turner v. State

... of Revenue, 850 SW2d 82, 84 (Mo. banc 1993)). The state next argues that even if the statute is ambiguous, the ambiguity should be resolved through canons of construction other than the rule of lenity, which should only be used in the event the other canons are inapplicable. ...

Bragg City Construction Lawyer, Missouri

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LEGAL TERMS

IP

DONATION

LIFE TENANT

QUANTUM MERUIT

FUTURE INTEREST

RECORDING

COVENANT

SECURITY DEPOSIT

USUFRUCT

SAMPLE LEGAL CASES

Anderson v. Ken Kauffman & Sons Excavating

Robinson v. Hooker

Turner v. State

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