Homeowner Education

The latest news, tips, and tricks for homeowners

Lessor

A lessor is a person who grants a lease. The lessor wants to retain ownership of a property, vehicle or other equipment, so he leases

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Legal Description

A legal description is the geographical description of real estate that identifies its precise location, boundaries and any easements for the purpose of a legal

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Lessee

A lessee, also known as a tenant, is a person who rents land or personal property from the owner, or lessor.

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Leasehold Estate

A leasehold estate refers to the exclusive right of a tenant to occupy a property for a period of time. Usually a written lease agreement

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Lease Option

A lease option is a written agreement in which an owner allows a person to use a property in exchange for rent, and also gives

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Leased Equipment

Equipment leasing allows owners to rent equipment from a leasing company or vendor for a specific period of time. Typical items are water softeners and

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Lease

A lease is a contract in which one party, the lessor, gives the right of occupancy or use of property, such as a car, apartment

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Judgment Lien

A judgment lien can be placed on a property when a homeowner is sued, losses, and cannot pay. Judgment liens cover an array of circumstances

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Joint Tenancy

Joint tenancy is a form of property ownership in which two or more individuals own a property with equal interest and enjoy equal rights to

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