REPAIR AND DEDUCT

A tenant who fixes a significant defect in the rental property that is harmful or unsafe may pay to fix the problem and deduct the expense from the following month's rent. State law regulates how this mechanism works and, typically, prior notice to and time given for the landlord to fix the problem is required. … [Read more...] about REPAIR AND DEDUCT

(A) Business Law. A new business plan that restructures a business which may include a takeover or merger of corporations. (B) Bankruptcy Law. A corporation that is experiencing difficult financial conditions or which may have filed for Chapter 11 may be given time to restructure its business plan and try to kick start the business into a viable state in the hope of repaying … [Read more...] about REORGANIZATION

Latin: The defendant being absent; in the absence of the defendant. … [Read more...] about REO ABSENTE

The act of giving up a right. 2. It is a rule of law that any one may renounce a right which the law has established in his favor. To this maxim there are many limitations. A party may always renounce an acquired right; as, for example, to take lands by descent; but one cannot always give up a future right, before it has accrued, nor to the benefit conferred by law, although … [Read more...] about RENUNCIATION

more commonly signify in the books a chattel real interest in land; a kind of estate growing out of the land, for life or years, producing an annual or other rent. Bruce v. Thompson, 26 Vt 746. … [Read more...] about RENTS, ISSUES, AND PROFITS