A Consent is a contract between the owner of a property and one or more additional parties explicitly agreeing to any of a wide range of services or circumstances (i.e. construction matters, purchasing, selling, etc.). A Notice is the written notification or announcement from one party to another of something impending (i.e. foreclosure, inspection, etc.). … Read More »
A Promissory Note – On Demand, is a written contract between two parties, the maker – who is the borrower, and the payee – who is the lender. It details the terms of an obligation for repayment, with no specific maturity date. Therefore payment is due on the demand and at the leisure of the lender.
A General Service Agreement, also referred to as a contractor form, an independent contractor agreement, or a contractor agreement, is a contract between a contractor (i.e. gardener, installer, repairer etc.) who will provide services, and a property/business owner. It generally sets forth the terms and conditions for service between a customer and a service provider.
Chapter 7 of the Bankruptcy Code establishes the process of liquidation of assets (whether business or personal), and is the most common form of bankruptcy in the United States. A Chapter 7 Personal Bankruptcy Kit is a package containing all legal forms necessary to file for personal bankruptcy with a US Federal court.
Cash or Seller Financing, also called a Residential Real Estate Sales Contract, is a written agreement used in documenting traditional terms between a buyer and seller in a residential real estate transaction of a free-standing home. It is used when a broker is not being utilized in the sale, and where the buyer is paying cash for the… Read More »
A Residential Lease Agreement with Option to Purchase is very similar to a Residential Lease Agreement. The same requirements for the writing, including the name of the parties, description of the property, rental term, etc. must all be included in Residential Rental Contract with Option to Buy. The major difference between a Residential Lease Agreement with Option to… Read More »
A Residential Lease Agreement, also known as a House Lease Agreement, or Residential Rental Contract is a form used by landlords to rent out real estate based on the fact that someone will be living there. Any agreement, involving a piece of property should always be in writing. The writing should include: (i) a description of the property,… Read More »
What is a lease?
A lease is an arrangement by which a lessor agrees to grant a lessee the possession and use of a particular piece of property for a specified period of time. The Lease Agreement between lessor and lessee will contain the terms of this arrangement, including the amount of rent and/or security deposit to be paid by the lessee, a description of the property being leased, the duration of the lease period, and the rights of the lessee to assign the lease or to sublease the property.
What is a trust?
A trust is a legal construct used for holding, transferring or otherwise disposing or property. It consists of assets given to it by a Grantor (the person who creates the trust) which are managed and distributed by a Trustee to benefit one or more Beneficiaries (those persons or organizations who will receive property under the trust).
What is a limited liability company? A limited liability company is a hybrid legal entity, with elements of the structure of both corporations and of partnerships. Its organization is similar to a corporation, but it enjoys many of the operational and tax benefits of partnerships.
While the limited liability company is a relatively new type of legal entity (first recognized in the U.S. in 1977), all 50 states and the District of Columbia have now passed legislation authorizing the creation of LLC’s.