A specific legal claim -- such as for negligence, breach of contract or medical malpractice -- for which a plaintiff seeks compensation. Each cause of action is... (more...)

A specific legal claim -- such as for negligence, breach of contract or medical malpractice -- for which a plaintiff seeks compensation. Each cause of action is divided into discrete elements, all of which must be proved to present a winning case.

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.

SETBACK

The distance between a property boundary and a building. A minimum setback is usually required by law.

EASEMENT BY PRESCRIPTION

A right to use property, acquired by a long tradition of open and obvious use. For example, if hikers have been using a trail through your backyard for ten year... (more...)

A right to use property, acquired by a long tradition of open and obvious use. For example, if hikers have been using a trail through your backyard for ten years and you've never complained, they probably have an easement by prescription through your yard to the trail.

RESTRAINT ON ALIENATION

A provision in a deed or will that attempts to restrict ownership of the property -- for example, selling your house to your daughter with the provision that it... (more...)

A provision in a deed or will that attempts to restrict ownership of the property -- for example, selling your house to your daughter with the provision that it never be sold to anyone outside the family. These provisions are generally unenforceable.

HEIR

One who receives property from someone who has died. While the traditional meaning includes only those who had a legal right to the deceased person's property, ... (more...)

One who receives property from someone who has died. While the traditional meaning includes only those who had a legal right to the deceased person's property, modern usage includes anyone who receives property from the estate of a deceased person.

BASIS

For income and capital gains tax purposes, the value that is used to determine profit or loss when property is sold. Often the basis is what you paid for the pr... (more...)

For income and capital gains tax purposes, the value that is used to determine profit or loss when property is sold. Often the basis is what you paid for the property, 'adjusted' to reflect improvements made or damage incurred while you own the property. See stepped-up basis, carryover basis.

SAMPLE LEGAL CASES

W & W PARTNERSHIP v. PRINCE WILLIAM BZA

... at 705, 554 SE2d at 54. In Stigall, the landowner's parcel of property was physically divided when the Commonwealth acquired, by eminent domain, a portion of the parcel for the construction of a freeway. Id. at 700, 554 SE2d at 51. ...

Kitchen v. City of Newport News

... sought "monetary compensation from the City under Article I, Â§ 11 [of the Virginia Constitution] `upon an implied contract' that the City will pay Plaintiffs `such amount as would have been awarded if the property had been condemned under the eminent domain statute.'" (quoting ...

TACO BELL OF AMERICA v. COM. TRANSP. COM'R

... Because the parties were unable to agree on the compensation amount due to Taco Bell for the taking, the Commissioner filed a Petition in Condemnation in 480 accordance with Virginia's eminent domain statutes, Code Â§Â§ 25.1-100 et seq. and 33.1-89 et seq. ...

Thaxton Eminent Domain Lawyer, Virginia

SPONSORED LAWYERS

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LEGAL TERMS

ASSIGNMENT

LIQUID ASSETS

CAUSE OF ACTION

LOAN BROKER

SETBACK

EASEMENT BY PRESCRIPTION

RESTRAINT ON ALIENATION

HEIR

BASIS

SAMPLE LEGAL CASES

W & W PARTNERSHIP v. PRINCE WILLIAM BZA

Kitchen v. City of Newport News

TACO BELL OF AMERICA v. COM. TRANSP. COM'R

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