A cosigner is someone who signs a loan with another person (borrower) and agrees to pay the loan if the borrower is not able to repay it. In other words, a cosigner accepts an equal responsibility for repaying the loan.
As...
landlord & tenant
cotenancy
Cotenancy is the simultaneous title or interest of more than one person in the same property. Wisconsin state has a statute which classifies cotenancy. WI Stat § 700.18 (2019) determines cotenancy as two or more persons named as owners in a...
cotenants
Cotenants are two or more tenants who rent the same property under the same lease or rental agreement. Each cotenant will have a rental agreement with the landlord and are therefore 100% responsible for carrying out the rental agreement. This...
covenant
A covenant is a formal agreement or promise, usually included in a contract or deed, to do or not do a particular act. Covenants are particularly relevant in the fields of contract law and property law.
An example of a contractual...covenant of quiet enjoyment
In property law, the covenant of quiet enjoyment is an implied term in every lease that the tenant shall have quiet and peaceful possession of the leased premises against the lessor. The covenant ensures that the landlord is bound to refrain...
covenant that runs with the land
A covenant that runs with a land is a covenant that transfers when ownership of the attached land transfer. The future owner of the property subject to a covenant that runs with the land is bound by that covenant.
A...
credit reporting agency
A credit reporting agency (also called a credit bureau or credit agency) is a private company that collects and sells information about a person or corporation’s identifying information, debt, and repayment history in order to create credit...
credit score
A credit score is a number between 300 and 850 that serves as a numerical representation of a person’s creditworthiness. The higher the score, the better an individual’s chances of securing a loan since a higher score suggests a greater...
cure
Cure means to eliminate or correct a violation or defect. Some common uses of the term “cure” in a legal sense include:
Cases such as this one from California, explain that to “cure” a default, as the term is used in the Bankruptcy...cure or quit
Cure or quit is a notice given to tenants to stop violating a clause of their lease agreement. Either state statute or the lease agreement will determine how long the tenant has to respond to or stop the prohibited activity. If the tenant...