Basement
The lowest habitable story of a building, usually below ground level.To view our basement suite lease/rental agreement, click here.

Bathrooms
A room equipped with facilities for taking a bath or shower and usually also containing a sink and toilet.

Bedroom
A single room in a dwelling. It may or may not contain a bed. To view our room lease/rental agreement, click here.

Banks
Banks and bank accounts are regulated by both state and federal statutory law. Bank accounts may be established by national and state chartered banks and savings associations. All are regulated by the law under which they were established. Banks and banking may be regulated under the Uniform Commercial Code (UCC), which is adopted at least in part by all states, regulations of the Federal Reserve, the Federal Deposit Insurance Corporation program.

Bench Warrant
A bench warrant is a court order authorizing the seizure of a person in order for them to appear in court. It is commonly found in the situation of a person who is required to answer a charge of contempt or a witness who has failed to appear in court after proper service of a subpoena. A civil bench warrant is issued for failure to comply with a court order in a civil case, such as an order to appear in court. A criminal bench warrant is issued for failure to comply with a court order in a criminal case, such as where an indictment has been handed down against a person who is at large, and that person does not appear or remain in attendance for his trial.

Bequest
A bequest is a gift of personal property, as opposed to real property, made in a will. Personal property is generally any movable item. It is also referred to as a legacy. There are different types of bequests that may be made in the terms of a will. Bequests may be "conditional" upon the happening or non-happening of an event, or "executory" in which the gift is contingent upon a possible or certain future event. Bequest can be of specific assets or of the "residue" (what is left after specific gifts, general gifts, and payment of debts have been made).

Bill of Sale
A bill of sale is a document that transfers ownership of an asset from a seller to the buyer, a basic agreement for sale of goods, and a sales receipt.

Buyer's Remorse
Buyer's remorse is an emotional response on the part of a buyer in a sales transaction, which may involve feelings of regret, fear, depression or anxiety. The best way to cope with buyers' remorse, and minimize its destructiveness, is to make sure that you are as informed as possible. In some areas, cancellation clauses are placed in contracts.

Business Law
Business law encompasses the law governing contracts, sales, commercial paper, agency and employment law, business organizations, property, and bailments. Other popular areas include insurance, wills and estate planning, and consumer and creditor protection. Business law may include issues such as starting, selling ,or buying a small business, managing a business, dealing with employees, or dealing with contracts, among others.

Breach of Warranty Breach of Rental Agreement
A breach of warranty involves a broken promise about a product made by either a manufacturer or a seller. The term also covers a failure of a statement or agreement by a seller of property which is a part of the contract of sale, when the truth of the statement is necessary to the validity of the contract. Warranties are also express or implied. An express warranty is a particular stipulation introduced into the written contract, by the agreement of the parties; an implied warranty is a guarantee imposed by law in a sale.

Breach of Rental Agreement
Rent is a an agreed sum paid at fixed intervals by a tenant to the landlord for possession and use of property. Written rental agreements provide for a tenancy for a short period, usually 30 days. The tenancy is automatically renewed at the end of this period unless you or your landlord end it by giving written notice, usually required to be given 30 days in advance of when the period expires. For these month-to-month rentals, where he rent is paid monthly, the landlord can change terms of the agreement with proper written notice (subject to any rent control laws). This notice is usually 30 days, but can be shorter in some states if the rent is paid weekly or bi-weekly.

Breach of Contract
Breach of contract means failing to perform any term of a contract without a legitimate legal excuse. The contract may be either written or oral. A breach may include not finishing a job, failure to make payment in full or on time, failure to deliver all the goods, substituting inferior or significantly different goods, not insuring goods, among others.

Bona Fide
Bona fide is a Latin term meaning "good faith". In legal terms, it is often used to refer to a purchaser or holder who takes something without fraud, deceit, or knowledge of a lien or superior claim by another. Bona fide refers to a quality of genuineness.

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