Santa Fe Land Use & Zoning Lawyer, Tennessee
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Mark E. Hallada
Land Use & Zoning, Estate Planning, Labor Law, Contract
Status: In Good Standing Licensed: 39 Years
428 Creekside Ln, Spring Hill, TN 37174
Profile LAWPOINTS™24/100
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Ryan Stringfellow
Construction, Land Use & Zoning, Corporate, Litigation
Status: In Good Standing Licensed: 15 Years
1010 Gilmore Ave, Nashville, TN 37204
Profile LAWPOINTS™24/100
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Mary C. LaGrone
Land Use & Zoning, Wills & Probate, Family Law, Corporate
Status: In Good Standing Licensed: 27 Years
234 4Th Ave N, Nashville, TN 37219
Profile LAWPOINTS™36/100
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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.
APPRAISAL
A determination of the value of something, such as a house, jewelry or stock. A professional appraiser -- a qualified, disinterested expert -- makes an estimate... (more...)
A determination of the value of something, such as a house, jewelry or stock. A professional appraiser -- a qualified, disinterested expert -- makes an estimate by examining the property, and looking at the initial purchase price and comparing it with recent sales of similar property. Courts commonly order appraisals in probate, condemnation, bankruptcy or foreclosure proceedings in order to determine the fair market value of property. Banks and real estate companies use appraisals to ascertain the worth of real estate for lending purposes. And insurance companies require appraisals to determine the amount of damage done to covered property before settling insurance claims.
ANNUAL MEETING
A term commonly used to refer to annual meetings of shareholders or directors of a corporation. Shareholders normally meet to elect directors or to consider maj... (more...)
A term commonly used to refer to annual meetings of shareholders or directors of a corporation. Shareholders normally meet to elect directors or to consider major structural changes to the corporation, such as amending the articles of incorporation or merging or dissolving the corporation. Directors meet to consider or ratify important business decisions, such as borrowing money, buying real property or hiring key employees.
APPRAISER
A person who is hired to determine the current value of real estate or other property.
BEQUEST
The legal term for personal property (anything but real estate) left in a will.
QUITCLAIM DEED
A deed that transfers whatever ownership interest the transferor has in a particular property. The deed does not guarantee anything about what is being transfer... (more...)
A deed that transfers whatever ownership interest the transferor has in a particular property. The deed does not guarantee anything about what is being transferred, however. For example, a divorcing husband may quitclaim his interest in certain real estate to his ex-wife, officially giving up any legal interest in the property. Compare grant deed.
HOLD HARMLESS
In a contract, a promise by one party not to hold the other party responsible if the other party carries out the contract in a way that causes damage to the fir... (more...)
In a contract, a promise by one party not to hold the other party responsible if the other party carries out the contract in a way that causes damage to the first party. For example, many leases include a hold harmless clause in which the tenant agrees not to sue the landlord if the tenant is injured due to the landlord's failure to maintain the premises. In most states, these clauses are illegal in residential tenancies, but may be upheld in commercial settings.
BALLOON PAYMENT
A large final payment due at the end of a loan, typically a home or car loan, to pay off the amount your monthly payments didn't cover. Many states prohibit bal... (more...)
A large final payment due at the end of a loan, typically a home or car loan, to pay off the amount your monthly payments didn't cover. Many states prohibit balloon payments in loans for goods or services that are primarily for personal, family or household use, or require the lender to let you refinance the balloon payment before forcing collection.
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.
SAMPLE LEGAL CASES
Jacks v. MILLINGTON BD. OF ZONING APPEALS
On appeal, the crux of Appellant's argument is that his local zoning board erred in determining
that he could not use two structures on his property for human occupation. In support of this
contention, Appellant argues that when reviewing the zoning board's decision, the trial ...
LAMAR TENNESSEE v. Bd. of Zoning Appeals
This appeal concerns a billboard permit. The petitioner billboard owner applied to the respondent
city for a permit to tear down and replace a grandfathered billboard. The city granted a permit
for an indirectly illuminated billboard. The owner then built a billboard with a digital ...
Wadlyn Corp. v. City of Knoxville
... The Property was zoned RP-1, which, under the applicable zoning code, allows for a
population density of up to twenty-four dwelling units per acre. ... As pertinent to this appeal,
Article VII, Section 5 of the Knoxville Zoning Ordinance provides: Sec. ...
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