Kapolei Land Use & Zoning Lawyer, Hawaii
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700 Bishop St., Honolulu, HI 96813
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LEGAL TERMS
BREACH OF CONTRACT
A legal claim that one party failed to perform as required under a valid agreement with the other party. For example you might say, 'The roofer breached our con... (more...)
A legal claim that one party failed to perform as required under a valid agreement with the other party. For example you might say, 'The roofer breached our contract by using substandard supplies when he repaired my roof.'
SEVERABILITY CLAUSE
A provision in a contract that preserves the rest of the contract if a portion of it is invalidated by a court. Without a severability clause, a decision by the... (more...)
A provision in a contract that preserves the rest of the contract if a portion of it is invalidated by a court. Without a severability clause, a decision by the court finding one part of the contract unenforceable would invalidate the entire document.
DEVISE
An old legal term that is generally used to refer to real estate left to someone under the terms of a will, or to the act of leaving such real estate. In some s... (more...)
An old legal term that is generally used to refer to real estate left to someone under the terms of a will, or to the act of leaving such real estate. In some states, 'devise' now applies to any kind of property left by will, making it identical to the term bequest. Compare legacy.
LOAN BROKER
A person who specializes in matching home buyers with appropriate mortgage lenders. For a fee--often paid by the lender--a loan broker provides any easy and eff... (more...)
A person who specializes in matching home buyers with appropriate mortgage lenders. For a fee--often paid by the lender--a loan broker provides any easy and effective way to find the cheapest mortgage rates.
GROSS LEASE
A commercial real estate lease in which the tenant pays a fixed amount of rent per month or year, regardless of the landlord's operating costs, such as maintena... (more...)
A commercial real estate lease in which the tenant pays a fixed amount of rent per month or year, regardless of the landlord's operating costs, such as maintenance, taxes and insurance. A gross lease closely resembles the typical residential lease. The tenant may agree to a 'gross lease with stops,' meaning that the tenant will pitch in if the landlord's operating costs rise above a certain level. In real estate lingo, the point when the tenant starts to contribute is called the 'stop level,' because that's where the landlord's share of the costs stops.
MORTGAGE
A loan in which the borrower puts up the title to real estate as security (collateral) for a loan. If the borrower doesn't pay back the debt on time, the lender... (more...)
A loan in which the borrower puts up the title to real estate as security (collateral) for a loan. If the borrower doesn't pay back the debt on time, the lender can foreclose on the real estate and have it sold to pay off the loan.
DIRECTOR
A member of the governing board of a corporation, typically elected at an annual meeting of the shareholders. Directors are responsible for making important bus... (more...)
A member of the governing board of a corporation, typically elected at an annual meeting of the shareholders. Directors are responsible for making important business decisions -- especially those that legally bind the corporation -- leaving day-to-day management to officers and employees of the corporation. For example, a decision to borrow money, lease an office or buy real property would normally be authorized by the board of directors. However, in the small business world, where it is common for owners to be directors, officers and employees simultaneously, distinctions dividing the roles and responsibilities of these groups are often blurred.
INHERITORS
Persons or organizations who receive property from someone who dies.
USUFRUCT
The right to use property -- or income from property -- that is owned by another.
SAMPLE LEGAL CASES
Lum v. ZONING BD. OF APPEALS OF CITY AND COUNTY OF HONOLULU
231 P.3d 1009 (2010). LUM v. ZONING BD. OF APPEALS OF CITY AND
COUNTY OF HONOLULU. No. 29276. Intermediate Court of Appeals of
Hawai`i. June 21, 2010. Summary Dispositional Order Affirmed.
PLEUS v. ZONING BD. OF APPEALS FOR CITY AND COUNTY OF HONOLULU
233 P.3d 719 (2010). PLEUS v. ZONING BD. OF APPEALS FOR CITY AND
COUNTY OF HONOLULU. No. 28353. Intermediate Court of Appeals of
Hawai`i. May 28, 2010. Memorandum Opinion Affirmed.
Lum v. ZONING BOARD OF APPEALS OF THE CITY AND COUNTY OF HONOLULU
WAYLAND LUM and RAYNETTE LUM, Appellants-Appellants, v. ZONING BOARD OF APPEALS
OF THE CITY AND COUNTY OF HONOLULU; DAVID J. MINKIN, in his official capacity as Chairperson
of the Zoning Board of Appeals, City and County of Honolulu; HENRY ENG, in his official ...
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