| Residential Leases and the Tenancies Created |
|
| A lease is defined as a contract by which a landlord transfers to a tenant a leasehold interest in property. The leasehold interest is a possessory right to the quiet enjoyment of habitable premises. The lease agreement sets out the rights and duties of the landlord and the tenant during the lease period. More... |
|
|
| The Comprehensive Environmental Response, Compensation and Liability Act |
|
| In the year 1980, the United States Congress passed the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA). CERCLA is a remedial statute designed to protect and preserve public health and the environment. Courts have construed it broadly in order to effectuate its purpose. More... |
|
|
| Types of Tenancies |
|
| Usually, when one thinks of the relationship between a landlord and a tenant, what comes to mind is a lease agreement between the parties where the tenant agrees to stay in the leased premises for a specified period of years and pay an agreed upon rent for the privilege of doing so. In actuality, the scenario described above is just one type of tenancy, a tenancy for years. The types of landlord/tenant relationships are as follows: More... |
|
|
| Wrap-Around Mortgages |
|
| A wrap-around mortgage refers to a type of loan transaction. With a wrap-around mortgage, a lender (often the seller of property) assumes or continues responsibility for an existing mortgage and makes a new mortgage for an additional sum which essentially "wraps" around the old mortgage, because the lender will make the payments on the old mortgage.
More... |
|
|
| Inspection and Use of Fireplaces |
|
| For many home buyers, a fireplace is an attractive feature. In connection with the purchase of a home, it is important that the home inspection include the fireplace or fireplaces located in the home. More... |
|
|