What is a Warranty? Warranties are guarantees made usually by manufacturers or service companies which may describe the terms by which services, repairs, replacement, or maintenance will be conducted should any such work be necessary.
It is important for tenants to pay attention to the eviction procedures in the agreement and terms. No one wants to be unjustly evicted. Most states have laws that provide certain procedures to ensure that each tenant is accorded due process of law, so that they do not come home and find someone else living in their unit with their belongs on the street.
Understanding your rights as a landlord or tenant can assist you in avoiding problems should you decide to rent instead of purchase your home. As with other areas of law, state law governing this area in each state will vary. Sometimes even cities have their own Rent Control laws, so it is imperative that you check with your local Plan Attorney before proceeding.
One of the primary concerns in agreements between private parties can be running afoul of usury laws. Usury laws set limitations on the amount of interest which can be charged, and these rates vary by state. States have these rules so that certain institutions or persons cannot take extreme advantage of another person in a less equal financial position.
