Tax Liens
If an owner of a house defaulted on payment of real estate taxes a lien may be placed on the property to secure payment of taxes. A tax lien may be placed for non payment of federal, as well as state taxes. If there is a federal tax lien on your home, you must satisfy the lien before you can sell or refinance your home. There are a number of options to … Full Definition »
Law topic: Credit Repair << Legal issue: Consumer Protection
tenancy
the occupancy of real estate (either for private of commercial use) as a renter, with or without a written lease. There are several types of tenancy. See also: joint tenancy, tenancy in common, tenancy by the entirety, tenancy at sufferance … Full Definition »
Law topic: Landlord & Tenant Disputes << Legal issue: Landlord & Tenant Law
tenancy at sufferance
when a tenant holds over at the end of his lease and a landlord has not evicted a tenant yet, a tenancy at sufferance is created. It may be terminated by a written notice from the landlord. For example, tenancy at sufferance may be terminated by a written notice of not less than thirty days given on behalf of the landlord, to the tenant, requiring him to … Full Definition »
Law topic: Landlord & Tenant Disputes << Legal issue: Landlord & Tenant Law
tenancy at will
... if no time has been determined as to the length of the rental agreement, it is considered to be a tenancy at will. That means that either landlord or tenant may terminate the tenancy by 30 days notice. Neither landlord nor tenant has to wait to the expiration of the lease term because none has been set in the agreement. … Full Definition »
Law topic: Landlord & Tenant Disputes << Legal issue: Landlord & Tenant Law
tenancy by the entirety
is a special type of joint ownership of real property that is available to husband and wife only. Joint tenants with right of survivorship have equal rights in the property, and if one spouse dies the other spouse receives the title to the whole parcel. … Full Definition »
Law topic: Commercial Real Estate << Legal issue: Real Estate Law
tenancy in common
a type of tenancy where more than one person own interest in a piece of real property. The interest of each owner does not have to be equal. The deed that created tenancy in common may or may not state the shares of each tenant in common. It the deed is silent as to percentage of ownership the parcel is considered to be owned equally by all of the … Full Definition »
Law topic: Commercial Real Estate << Legal issue: Real Estate Law
tenant
a person that is allowed to live in a house or an apartment of another according to the terms of a lease agreement with the landlord. … Full Definition »
Law topic: Landlord & Tenant Disputes << Legal issue: Landlord & Tenant Law
tenants by the entirety
Is a type of tenancy available only for married couples. Husband and wife each own the undivided whole of the property, so upon the death of one of the spouses, his/her share goes directly to the surviving spouse. A person that owns interest in a house as a tenant by the entirety may not freely dispose of that interest by will, or give away his/her … Full Definition »
Law topic: Commercial Real Estate << Legal issue: Real Estate Law
terms of a trust
"Terms of a trust" means the manifestation of the settlor's intent regarding a trust's provisions as expressed in the trust instrument or, as may be established by other evidence that would be admissible in a judicial proceeding. (AZ revised Statutes, Chapter 1, A. 2, S. 14-10103) … Full Definition »
Law topic: Wills & Probate << Legal issue: Wills & Probate
testamentary
pertaining to a will. … Full Definition »
Law topic: Wills Drafting << Legal issue: Wills & Probate
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bankruptcy proceedings
A claim in bankruptcy is document filed with the Court so as to register a claim against the assets of the bankruptcy estate. The claim sets out the amount that is owed to the creditor as of the date of the bankruptcy filing and, if relevant, any priority status. Bankruptcy laws help people who can no longer pay their creditors get a fresh start by … Full Definition »
Donna F HartlAttorney at LawPRACTICE AREA: Tax Law, Business Law, Trusts & Estate Planning
Laura E HoexterAttorney at LawPRACTICE AREA: Trusts & Estate Planning
Enrico E TadeoAttorney at LawPRACTICE AREA: Wills & Probate, Immigration Law, Trusts & Estate Planning
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