Homeowner Education

The latest news, tips, and tricks for homeowners

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

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

A judgment is a decision from a judge on a civil action or lawsuit. Usually a person is required to pay an amount of money

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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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Joint Liability

Joint liability is the state of two or more people who are equally responsible for paying back a debt. If someone applies for loan, such

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Impact Fees

Local governments often charge impact fees to help fund infrastructure improvements. They typically collect these fees from developers, because new construction requires the expansion and

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