Marbury Real Estate Other Lawyer, Maryland, page 7

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Stephen Cromwell
About | Practice Areas
Cromwell & Associates, LLC
7305 Baltimore Ave Suite 307 College Park, MD 20740» view map
Estate, Tax, and Real Estate Law
Where Every Client Matters

At Cromwell & Associates, our firm is large enough to handle your diverse needs, but small enough to give you the personal attention you deserve.

240-667-7234
1. Stephen Cromwell College Park, MD
  Attorney at Law, MD
  University of Maryland School of Law, J.D. 2019
2. AboutCromwell & Associates, LLC
  Where Every Client Matters
3. Practice AreasExpertise
  Estate Law
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2. Email
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Includes: Commercial Leasing, Commercial Real Estate, Condominiums, Conveyancing, Housing & Urban Development, Premises Liability, Residential Real Estate, Title Insurance

Nancy P. Regelin

Commercial Real Estate, Commercial Leasing, Dispute Resolution, Administrative Law

Status: In Good Standing

CONTACT

11921 Rockville Pk, Rockville, MD 20852

Drew Stifel

Premises Liability, Civil Rights, Insurance, Products Liability

Status: In Good Standing

CONTACT

6411 Ivy Lane, Greenbelt, MD 20770

Sean P. Sherman

Commercial Real Estate, Construction, Real Estate, Litigation

Status: In Good Standing

CONTACT

12505 Park Potomac Ave, Rockville, MD 20854

Samuel M. Spiritos

Commercial Real Estate, Commercial Leasing, Construction, Banking & Finance

Status: In Good Standing

CONTACT

12505 Park Potomac Ave, Rockville, MD 20854

Kevin P. Kennedy

Commercial Real Estate, Commercial Leasing, Construction, Corporate

Status: In Good Standing

CONTACT

12505 Park Potomac Ave, Rockville, MD 20854

Douglas K. Hirsch

Commercial Real Estate, Commercial Leasing, Construction, Contract

Status: In Good Standing

CONTACT

12505 Park Potomac Avenue, Rockville, MD 20854

David M. Kochanski

Condominiums, Commercial Real Estate, Construction, Banking & Finance

Status: In Good Standing

CONTACT

12505 Park Potomac Avenue, Rockville, MD 20854

Deborah L. Moran

Commercial Real Estate, Commercial Leasing, Corporate, Business Organization

Status: In Good Standing

CONTACT

12505 Park Potomac Avenue, Rockville, MD 20854

Lawrence A. Shulman

Commercial Real Estate, Commercial Leasing, Real Estate, Mediation

Status: In Good Standing

CONTACT

12505 Park Potomac Avenue, Rockville, MD 20854

Terrence M. Sullivan

Commercial Real Estate, Public Finance, Business & Trade, Banking & Finance

Status: In Good Standing Licensed: 48 Years

CONTACT

7811 Montrose Road, Potomac, MD 20854

800-923-0641

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LEGAL TERMS

LIMITED EQUITY HOUSING

An arrangement designed to encourage low-and moderate-income families to purchase housing, in which the housing is offered at an extremely favorable price with ... (more...)

An arrangement designed to encourage low-and moderate-income families to purchase housing, in which the housing is offered at an extremely favorable price with a low down payment. The catch is that when the owner sells, she gets none of the profit if the market value of the unit has gone up. Any profit returns to the organization that built the home, which then resells the unit at an affordable price.

HOMESTEAD

(1) The house in which a family lives, plus any adjoining land and other buildings on that land. (2) Real estate which is not subject to the claims of creditors... (more...)

(1) The house in which a family lives, plus any adjoining land and other buildings on that land. (2) Real estate which is not subject to the claims of creditors as long as it is occupied as a home by the head of the household. After the head of the family dies, homestead laws often allow the surviving spouse or minor children to live on the property for as long as they choose. (3) Land acquired out of the public lands of the United States. The term 'homesteaders' refers to people who got their land by settling it and making it productive, rather than purchasing it outright.

ASSIGNEE

A person to whom a property right is transferred. For example, an assignee may take over a lease from a tenant who wants to permanently move out before the leas... (more...)

A person to whom a property right is transferred. For example, an assignee may take over a lease from a tenant who wants to permanently move out before the lease expires. The assignee takes control of the property and assumes all the legal rights and responsibilities of the tenant, including payment of rent. However, the original tenant remains legally responsible if the assignee fails to pay the rent.

MECHANIC'S LIEN

A legal claim placed on real estate by someone who is owed money for labor, services or supplies contributed to the property for the purpose of improving it. Ty... (more...)

A legal claim placed on real estate by someone who is owed money for labor, services or supplies contributed to the property for the purpose of improving it. Typical lien claimants are general contractors, subcontractors and suppliers of building materials. A mechanics' lien claimant can sue to have the real estate sold at auction and recover the debt from the proceeds. Because property with a lien on it cannot be easily sold until the lien is satisfied (paid off), owners have a great incentive to pay their bills.

COOLING-OFF RULE

A rule that allows you to cancel a contract within a specified time period (typically three days) after signing it. Federal cooling-off rules apply this three-d... (more...)

A rule that allows you to cancel a contract within a specified time period (typically three days) after signing it. Federal cooling-off rules apply this three-day grace period to sales made door-to-door and anywhere other than a seller's normal place of business, such as at a trade show. Another federal cooling-off rule lets you cancel a home improvement loan or second mortgage within three days of signing. Various states have cooling-off rules that sometimes apply even longer cancellation periods to specific types of sales, such as dancing lessons and timeshares.

LEASE OPTION

A contract in which an owner leases her house (usually for one to five years) to a tenant for a specific monthly rent, and which gives the tenant the right to b... (more...)

A contract in which an owner leases her house (usually for one to five years) to a tenant for a specific monthly rent, and which gives the tenant the right to buy the house at the end of the lease period for a price established in advance. A lease option is often a good arrangement for a potential home buyer because it lets him move into a house he may buy without having to come up with a down payment or financing at that time.

AGREEMENT

A meeting of the minds. An agreement is made when two people reach an understanding about a particular issue, including their obligations, duties and rights. Wh... (more...)

A meeting of the minds. An agreement is made when two people reach an understanding about a particular issue, including their obligations, duties and rights. While agreement is sometimes used to mean contract -- a legally binding oral or written agreement -- it is actually a broader term, including understandings that might not rise to the level of a legally binding contract.

PROPERTY

See personal property, real estate, community property, separate property.

LIQUID ASSETS

Business property that can be quickly and easily converted into cash, such as stock, bank accounts and accounts receivable.

Marbury Real Estate Other Lawyer, Maryland, page 7

Sponsored Law Firm

Cromwell & Associates, LLC

SPONSORED LAWYERS

Nancy P. Regelin

Drew Stifel

Sean P. Sherman

Samuel M. Spiritos

Kevin P. Kennedy

Douglas K. Hirsch

David M. Kochanski

Deborah L. Moran

Lawrence A. Shulman

Terrence M. Sullivan

TIPS

LEGAL TERMS

LIMITED EQUITY HOUSING

HOMESTEAD

ASSIGNEE

MECHANIC'S LIEN

COOLING-OFF RULE

LEASE OPTION

AGREEMENT

PROPERTY

LIQUID ASSETS

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