Lee County, AL Real Estate Lawyers

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J. Tutt Barrett

Premises Liability, Traffic, Pharmaceutical Product, Wrongful Death
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

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Ira Weissinger

Wills & Probate, Real Estate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Tom Anthony Bingham

Estate, Workers' Compensation, Personal Injury, Real Estate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  23 Years

Russell C. Balch

Business Organization, Estate Planning, Commercial Real Estate, Power of Attorney, Corporate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  47 Years

Drennen Lee Whitmire

Commercial Real Estate, Real Estate, International Tax, Estate Planning
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  46 Years

Travis Russell Wisdom

Personal Injury, Administrative Law, State Appellate Practice, Litigation, Construction
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  25 Years

Samantha Burt Copelan

Landlord-Tenant, Family Law, Criminal, Business & Trade
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  15 Years

Yetta Glenn Samford

Real Estate, Wills, Wills & Probate, Corporate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Phillip E Adams Jr.

Mediation, Litigation, Banking & Finance, Real Estate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  57 Years

Margaret Mayfield

Real Estate, Trusts, Family Law, Wills & Probate
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  41 Years

Free Help: Use This Form or Call 800-814-6700

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800-814-6700

Free Help: Use This Form or Call 800-814-6700

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LEGAL TERMS

CONTRACT

A legally binding agreement involving two or more people or businesses (called parties) that sets forth what the parties will or will not do. Most contracts tha... (more...)
A legally binding agreement involving two or more people or businesses (called parties) that sets forth what the parties will or will not do. Most contracts that can be carried out within one year can be either oral or written. Major exceptions include contracts involving the ownership of real estate and commercial contracts for goods worth $500 or more, which must be in writing to be enforceable. (See statute of frauds.) A contract is formed when competent parties -- usually adults of sound mind or business entities -- mutually agree to provide each other some benefit (called consideration), such as a promise to pay money in exchange for a promise to deliver specified goods or services or the actual delivery of those goods and services. A contract normally requires one party to make a reasonably detailed offer to do something -- including, typically, the price, time for performance and other essential terms and conditions -- and the other to accept without significant change. For example, if I offer to sell you ten roses for $5 to be delivered next Thursday and you say 'It's a deal,' we've made a valid contract. On the other hand, if one party fails to offer something of benefit to the other, there is no contract. For example, if Maria promises to fix Josh's car, there is no contract unless Josh promises something in return for Maria's services.

HOMESTEAD DECLARATION

A form filed with the county recorder's office to put on record your right to a homestead exemption. In most states, the homestead exemption is automatic--that ... (more...)
A form filed with the county recorder's office to put on record your right to a homestead exemption. In most states, the homestead exemption is automatic--that is, you are not required to record a homestead declaration in order to claim the homestead exemption. A few states do require such a recording, however.

GROSS LEASE

A commercial real estate lease in which the tenant pays a fixed amount of rent per month or year, regardless of the landlord's operating costs, such as maintena... (more...)
A commercial real estate lease in which the tenant pays a fixed amount of rent per month or year, regardless of the landlord's operating costs, such as maintenance, taxes and insurance. A gross lease closely resembles the typical residential lease. The tenant may agree to a 'gross lease with stops,' meaning that the tenant will pitch in if the landlord's operating costs rise above a certain level. In real estate lingo, the point when the tenant starts to contribute is called the 'stop level,' because that's where the landlord's share of the costs stops.

DONATION

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.

AGREEMENT

A meeting of the minds. An agreement is made when two people reach an understanding about a particular issue, including their obligations, duties and rights. Wh... (more...)
A meeting of the minds. An agreement is made when two people reach an understanding about a particular issue, including their obligations, duties and rights. While agreement is sometimes used to mean contract -- a legally binding oral or written agreement -- it is actually a broader term, including understandings that might not rise to the level of a legally binding contract.

EASEMENT BY PRESCRIPTION

A right to use property, acquired by a long tradition of open and obvious use. For example, if hikers have been using a trail through your backyard for ten year... (more...)
A right to use property, acquired by a long tradition of open and obvious use. For example, if hikers have been using a trail through your backyard for ten years and you've never complained, they probably have an easement by prescription through your yard to the trail.

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.

ASSIGNMENT

A transfer of property rights from one person to another, called the assignee.

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.

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