Earnest money is a term most commonly used in real estate transactions. Earnest money is a sum of money a buyer will put down to demonstrate their seriousness about buying a home. Earnest money essentially acts like a deposit on the house you are intending to buy. Generally, earnest money will be around 1% to
QDRO is short for qualified domestic relations order. A QDRO is an order issued by the court that recognizes the right for an “alternate payee” to receive a specified portion of the benefits payable to the participant of a retirement/savings plan. QDROs are most commonly seen in divorce proceedings when the court is dividing the
By : Travis Brenner If you are starting a business, there are many important decisions you will need to make. Possibly the most important choice will be selecting the type of business entity in which the business will operate. Different business entities will offer different benefits but may also have some drawbacks. Below is a
By : Travis Brenner Are you considering renting a property? As either the landlord or the tenant, it is important to understand the key provisions of your lease agreement. Below is a list of some key provisions to pay attention to when entering into a lease agreement. 1. The Security Deposit – Be cognizant of
By : Travis Brenner Are you thinking about selling your home? If so, Iowa law requires sellers to make certain disclosures about the condition of the property. Failing to make the required disclosures may subject sellers to unwanted litigation and legal liability. Iowa Code chapter 558a covers the required real estate disclosures when selling a
