Chelsea Construction Lawyer, Iowa
Includes: Construction Contracts, Construction Liens, Housing & Construction Defects
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Marengo, IA 52301
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Easily find Chelsea Construction Lawyers and Chelsea Construction Law Firms. For more attorneys, search all Real Estate areas including Timeshare, Eminent Domain, Foreclosure, Land Use & Zoning, Landlord-Tenant and Other Real Estate attorneys.
LEGAL TERMS
EXECUTRIX
An old-fashioned term for a female executor--the person named in a will to handle the distribution of the deceased person's property. Now, whether male or femal... (more...)
An old-fashioned term for a female executor--the person named in a will to handle the distribution of the deceased person's property. Now, whether male or female, this person is called either the executor or the personal representative.
RUNNING WITH THE LAND
A phrase used in property law to describe a right or duty that remains with a piece of property no matter who owns it. For example, the duty to allow a public b... (more...)
A phrase used in property law to describe a right or duty that remains with a piece of property no matter who owns it. For example, the duty to allow a public beach access path across waterfront property would most likely pass from one owner of the property to the next.
USUFRUCT
The right to use property -- or income from property -- that is owned by another.
PROPERTY
See personal property, real estate, community property, separate property.
COOLING-OFF RULE
A rule that allows you to cancel a contract within a specified time period (typically three days) after signing it. Federal cooling-off rules apply this three-d... (more...)
A rule that allows you to cancel a contract within a specified time period (typically three days) after signing it. Federal cooling-off rules apply this three-day grace period to sales made door-to-door and anywhere other than a seller's normal place of business, such as at a trade show. Another federal cooling-off rule lets you cancel a home improvement loan or second mortgage within three days of signing. Various states have cooling-off rules that sometimes apply even longer cancellation periods to specific types of sales, such as dancing lessons and timeshares.
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.
INURE
To take effect, or to benefit someone. In property law, the term means 'to vest.' For example, Jim buys a beach house that includes the right to travel across t... (more...)
To take effect, or to benefit someone. In property law, the term means 'to vest.' For example, Jim buys a beach house that includes the right to travel across the neighbor's property to get to the water. That right of way is said, cryptically, 'to inure to the benefit of Jim.'
OFFER
A proposal to enter into an agreement with another person. An offer must express the intent of the person making the offer to form a contract, must contain some... (more...)
A proposal to enter into an agreement with another person. An offer must express the intent of the person making the offer to form a contract, must contain some essential terms--including the price and subject matter of the contract--and must be communicated by the person making the offer. A legally valid acceptance of the offer will create a binding contract.
SHARED EQUITY MORTGAGE
A home loan in which the lender gets a share of the equity of the home in exchange for providing a portion of the down payment. When the home is later sold, the... (more...)
A home loan in which the lender gets a share of the equity of the home in exchange for providing a portion of the down payment. When the home is later sold, the lender is entitled to a portion of the proceeds.
SAMPLE LEGAL CASES
Estate of Ryan v. HERITAGE TRAILS
... Trinity was the only party to file a notice of appeal. II. Issues. Trinity raises numerous
issues on appeal; however, our construction of the exception in section 614.1(2A)
(a) and its interplay with section 668.5(1), disposes of this appeal. ...
Thomas v. Progressive Cas. Ins. Co.
... The disagreement centers on the proper construction and interpretation of the insurance policy.
The construction of an insurance policy is the process of determining the policy's legal effect;
interpretation is the process of determining the meaning of the words used in the policy. ...
Speight v. Walters Development Co., Ltd.
... LARSON, Justice. The plaintiffs, Robert and Beverly Speight, appeal from a summary judgment
entered against them in their suit for breach of implied warranty of workmanlike construction
against the builder of their home. The court of appeals affirmed. ...
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