Hawks Real Estate Lawyer, Michigan

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Kenneth A. Radzibon

Real Estate, Estate Planning, Family Law, Divorce & Family Law
Status:  In Good Standing           Licensed:  47 Years

John R. Poch

Elder Law, Estate Planning, Real Estate
Status:  In Good Standing           Licensed:  50 Years

William S. Smigelski

Other, Real Estate, Estate Planning, Family Law
Status:  In Good Standing           

Douglas A. Kowalski

Real Estate, International, Gift Taxation, Business
Status:  In Good Standing           Licensed:  32 Years

Dylan Jeffrey Wallace

Other, Real Estate, Estate Planning, Elder Law
Status:  In Good Standing           Licensed:  15 Years

Chelsea Morgan Wallace

Real Estate, Estate Planning, Elder Law, Business, Medical Malpractice
Status:  In Good Standing           Licensed:  12 Years

William A. Pfeifer

Real Estate, Family Law, Divorce & Family Law, Criminal
Status:  In Good Standing           Licensed:  33 Years

Daniel J. Florip

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

James L. Mazrum

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

Timothy M. Gulden

Other, Real Estate, Limited Liability Companies, Business
Status:  In Good Standing           

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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

LANDLORD

The owner of any real estate, such as a house, apartment building or land, that is leased or rented to another person, called the tenant.

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.

APPRECIATION

An increase in value. Appreciated property is property that has gone up in value since it was acquired.

MARITAL DEDUCTION

A deduction allowed by the federal estate tax laws for all property passed to a surviving spouse who is a U.S. citizen. This deduction (which really functions a... (more...)
A deduction allowed by the federal estate tax laws for all property passed to a surviving spouse who is a U.S. citizen. This deduction (which really functions as an exemption) allows anyone, even a billionaire, to pass his or her entire estate to a surviving spouse without any tax at all.

MECHANIC'S LIEN

A legal claim placed on real estate by someone who is owed money for labor, services or supplies contributed to the property for the purpose of improving it. Ty... (more...)
A legal claim placed on real estate by someone who is owed money for labor, services or supplies contributed to the property for the purpose of improving it. Typical lien claimants are general contractors, subcontractors and suppliers of building materials. A mechanics' lien claimant can sue to have the real estate sold at auction and recover the debt from the proceeds. Because property with a lien on it cannot be easily sold until the lien is satisfied (paid off), owners have a great incentive to pay their bills.

QUITCLAIM DEED

A deed that transfers whatever ownership interest the transferor has in a particular property. The deed does not guarantee anything about what is being transfer... (more...)
A deed that transfers whatever ownership interest the transferor has in a particular property. The deed does not guarantee anything about what is being transferred, however. For example, a divorcing husband may quitclaim his interest in certain real estate to his ex-wife, officially giving up any legal interest in the property. Compare grant deed.

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.

ESCHEAT

The forfeit of all property to the state when a person dies without heirs.

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.