| Dog Law -- No-Pets Clauses in Residential Real Estate Leases |
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| In residential real estate leases, it is not uncommon to find some type of pet restriction. Some leases contain a standard "no-pets" clause, which prohibits tenants from keeping any pets whatsoever on the leased premises. Other leases contain variations, such as restrictions on the size of a pet a tenant may keep or on the number of pets a tenant may keep. More... |
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| Private Mortgage Insurance |
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| If you purchase a home and make a down payment of less than 20% of the purchase price, you may be required to purchase private mortgage insurance (PMI). In essence, PMI is a fee which provides compensation to the lender in the event the borrower defaults on the mortgage. More... |
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| Bailments |
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| A bailment is created when, coupled with the intent to possess certain property, the bailee accepts the actual physical possession and control of the property. In the example, the bailment is created when the dry cleaner accepts the man's suit with the intent to possess the suit. More... |
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| Presentation of and Response to Offers to Buy Real Estate |
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| All offers to buy real estate must be presented to the seller or his agent as soon as possible. That means that as soon as the buyer's offer is made available to the listing agent, that offer must be presented to the seller. The listing agent has no discretion in whether to present an offer to the seller. All offers must be presented, even if the listing agent believes that the seller will not accept the offer. More... |
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| Procedures in Condemnation Cases |
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| Condemnation is the action of a governmental entity when it takes private property for a public use. When a state takes private land to build, expand, or develop a public highway, that private property is condemned through a judicial process that ultimately transfers the title of the land from the private owner to the state in exchange for the payment of funds that reflect the reasonable value of the land taken. More... |
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