Ann Arbor Real Estate Lawyer, Michigan, page 3

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Frank William Parkinson

General Practice
Status:  In Good Standing           Licensed:  39 Years

Alexandra Elizabeth Dieck

Business, Real Estate
Status:  In Good Standing           Licensed:  8 Years

Michael J. Garris

Tax, Real Estate Other, Personal Injury, Medical Malpractice
Status:  In Good Standing           Licensed:  45 Years

Stephanie E. Garris

Other, Real Estate, Criminal, Family Law
Status:  In Good Standing           Licensed:  7 Years

Donald F. Barry

Commercial Real Estate, Land Use & Zoning, Environmental Law, Business
Status:  Inactive           Licensed:  40 Years

Eric Everett Landen

Education, Other, Real Estate, Public Schools
Status:  In Good Standing           Licensed:  18 Years

Ciara M. Comerford

Real Estate, Business
Status:  In Good Standing           Licensed:  28 Years

Jessica Anne Sprovtsoff

Real Estate, Lawsuit & Dispute, Antitrust, Business
Status:  In Good Standing           Licensed:  18 Years

Jacquelyn Marks Dossi

Real Estate, Public Schools, Government, Family Law
Status:  In Good Standing           Licensed:  27 Years

Danny Allen Hill

Commercial Real Estate, Federal Appellate Practice, Estate Planning, Family Law
Status:  In Good Standing           Licensed:  28 Years

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800-943-8690

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LEGAL TERMS

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.

BASIS

For income and capital gains tax purposes, the value that is used to determine profit or loss when property is sold. Often the basis is what you paid for the pr... (more...)
For income and capital gains tax purposes, the value that is used to determine profit or loss when property is sold. Often the basis is what you paid for the property, 'adjusted' to reflect improvements made or damage incurred while you own the property. See stepped-up basis, carryover basis.

RESTRAINT ON ALIENATION

A provision in a deed or will that attempts to restrict ownership of the property -- for example, selling your house to your daughter with the provision that it... (more...)
A provision in a deed or will that attempts to restrict ownership of the property -- for example, selling your house to your daughter with the provision that it never be sold to anyone outside the family. These provisions are generally unenforceable.

DEVISE

An old legal term that is generally used to refer to real estate left to someone under the terms of a will, or to the act of leaving such real estate. In some s... (more...)
An old legal term that is generally used to refer to real estate left to someone under the terms of a will, or to the act of leaving such real estate. In some states, 'devise' now applies to any kind of property left by will, making it identical to the term bequest. Compare legacy.

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.

LICENSE (OF INVENTION, COPYRIGHT OR TRADEMARK)

A contract giving written permission to use an invention, creative work or trademark. A license provides a way to make money from your invention or creative wor... (more...)
A contract giving written permission to use an invention, creative work or trademark. A license provides a way to make money from your invention or creative work without having to manufacture and sell copies yourself. By licensing an invention or work to a company, you get money (often in the form of royalties) in return for allowing the company to use, produce and sell copies of your invention or work in the marketplace.

TENANT

Anyone, including a corporation, who rents real property, with or without a house or structure, from the owner (called the landlord). The tenant may also be cal... (more...)
Anyone, including a corporation, who rents real property, with or without a house or structure, from the owner (called the landlord). The tenant may also be called the 'lessee.'

INTANGIBLE PROPERTY

Personal property that has no physical existence, such as stocks, bonds, bank notes, trade secrets, patents, copyrights and trademarks. Such 'untouchable' items... (more...)
Personal property that has no physical existence, such as stocks, bonds, bank notes, trade secrets, patents, copyrights and trademarks. Such 'untouchable' items may be represented by a certificate or license that fixes or approximates the value, but others (such as the goodwill or reputation of a business) are not easily valued or embodied in any instrument. Compare tangible 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.