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Gary Schafkopf
About | Practice Areas
Schafkopf Law LLC
11 Bala Ave Bala Cynwyd, PA 19004» view map
Real Estate Law
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Gary Schafkopf is a practicing lawyer in the states of Pennsylvania and New Jersey who focuses on cases in Business, Employment, and Real Estate.

800-970-4781
1. Gary Schafkopf Bala Cynwyd, PA
  Attorney at Law- PA, 1999
  Schafkopf Law LLC
2. AboutSchafkopf Law LLC
  We Are Here To Help You
3. Practice AreasExpertise
  Real Estate Law
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Includes: Construction Contracts, Construction Liens, Housing & Construction Defects

William R. Marth

Construction, Criminal, Corporate, Animal Bite

Status: In Good Standing

CONTACT

501 Watchung Avenue, Watchung, NJ 07069

Robert C. Rowbotham

Construction, Transportation & Shipping, Workers' Compensation, Personal Injury

Status: In Good Standing Licensed: 21 Years

CONTACT

1827 E Second St, Scotch Plains, NJ 07076

Scott A Telson

Construction, Wills & Probate, Family Law, Banking & Finance

Status: In Good Standing Licensed: 44 Years

CONTACT

1862 Oak Tree Road, Edison, NJ 08820

Eric Hughes

Construction Contracts

Status: In Good Standing

CONTACT

Warren, NJ 07059

800-923-0641

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LEGAL TERMS

NET LEASE

A commercial real estate lease in which the tenant regularly pays not only for the space (as he does with a gross lease) but for a portion of the landlord's ope... (more...)

A commercial real estate lease in which the tenant regularly pays not only for the space (as he does with a gross lease) but for a portion of the landlord's operating costs as well. When all three of the usual costs--taxes, maintenance and insurance--are passed on, the arrangement is known as a 'triple net lease.' Because these costs are variable and almost never decrease, a net lease favors the landlord. Accordingly, it may be possible for a tenant to bargain for a net lease with caps or ceilings, which limits the amount of rent the tenant must pay. For example, a net lease with caps may specify that an increase in taxes beyond a certain point (or any new taxes) will be paid by the landlord. The same kind of protection can be designed to cover increased insurance premiums and maintenance expenses.

VIEW ORDINANCE

A law adopted by some cities or towns with desirable vistas -- such as those in the mountains or overlooking the ocean -- that protects a property owner from ha... (more...)

A law adopted by some cities or towns with desirable vistas -- such as those in the mountains or overlooking the ocean -- that protects a property owner from having his or her view obstructed by growing trees. View ordinances don't cover buildings or other structures that may block views.

MEMORANDUM

(1) An informal written document. A memorandum may be used in any number of circumstances, but most lawyers are best acquainted with the interoffice memorandum-... (more...)

(1) An informal written document. A memorandum may be used in any number of circumstances, but most lawyers are best acquainted with the interoffice memorandum--a document prepared by a junior associate in a law office or a judge's law clerk outlining the facts, procedural elements and legal arguments involved in a particular legal matter. These memos are reviewed by senior lawyers and judges who use them to decide how to proceed with the case. (2) Any written record, including a letter or note, that proves that a contract exists between two parties. This type of memo may be enough to validate an oral (spoken) contract that would otherwise be unenforceable because of the statute of frauds. (Under the statute of frauds, an oral contract is invalid if it can't be completed within one year from the date the contract is made.)

QUASI-COMMUNITY PROPERTY

A form of property owned by a married couple. If a couple moves to a community property state from a non-community property state, property they acquired togeth... (more...)

A form of property owned by a married couple. If a couple moves to a community property state from a non-community property state, property they acquired together in the non-community property state may be considered quasi-community property. Quasi-community property is treated just like community property when one spouse dies or if the couple divorces.

INCIDENTS OF OWNERSHIP

Any control over property. If you give away property but keep an incident of ownership--for example, you give away an apartment building but retain the right to... (more...)

Any control over property. If you give away property but keep an incident of ownership--for example, you give away an apartment building but retain the right to receive rent--then legally, no gift has been made. This distinction can be important if you're making large gifts to reduce your eventual estate tax.

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.

VESTED REMAINDER

An unconditional right to receive real property at some point in the future. A vested interest may be created by a deed or a will. For example, if Julie's will ... (more...)

An unconditional right to receive real property at some point in the future. A vested interest may be created by a deed or a will. For example, if Julie's will leaves her house to her daughter, but the daughter gains possession only after Julie's husband dies, the daughter has a vested remainder in the house.

STATUTE OF LIMITATIONS

The legally prescribed time limit in which a lawsuit must be filed. Statutes of limitation differ depending on the type of legal claim, and often the state. For... (more...)

The legally prescribed time limit in which a lawsuit must be filed. Statutes of limitation differ depending on the type of legal claim, and often the state. For example, many states require that a personal injury lawsuit be filed within one year from the date of injury -- or in some instances, from the date when it should reasonably have been discovered -- but some allow two years. Similarly, claims based on a written contract must be filed in court within four years from the date the contract was broken in some states and five years in others. Statute of limitations rules apply to cases filed in all courts, including federal court.

DIVIDEND

A portion of profits distributed by a corporation to its shareholders based on the type of stock and number of shares owned. Dividends are usually paid in cash,... (more...)

A portion of profits distributed by a corporation to its shareholders based on the type of stock and number of shares owned. Dividends are usually paid in cash, though they may also be paid in the form of additional shares of stock or other property. The amount of a dividend is established by the corporation's board of directors; however, state laws often restrict a corporation's ability to declare dividends by requiring a minimum level of profits or assets before the dividend can be approved.

SAMPLE LEGAL CASES

Richard A. Pulaski Construction Co. v. Air Frame Hangars, Inc.

Although procedurally complex, the facts underlying this case are readily stated. In February 1996, Air Frame Hangars, Inc. (Air Frame), [1] a foreign business corporation authorized to conduct business in New Jersey, entered into a lease with the County of Mercer for the ...

DUGAN CONSTRUCTION COMPANY, INC. v. New Jersey Turnpike Authority

953 A.2d 764 (2008). 196 NJ 343. DUGAN CONSTRUCTION COMPANY, INC. v. NEW JERSEY TURNPIKE AUTHORITY. No. C-1176 SEPT TERM2007, 62,723. Supreme Court of New Jersey. July 15, 2008. Petition for certification. Denied.

Marrone v. G & P CONSTRUCTION, INC.

Joseph MARRONE and Jannine Marrone, Plaintiffs-Appellants, v. GREER & POLMAN CONSTRUCTION, INC., t/a GP Construction, Inc., Garret N. Greer, Jan Polman, Lester Stucco, Defendants, and Sto Corporation, Sto of New Jersey, Inc., ...

Watchung Construction Lawyer, New Jersey

Sponsored Law Firm

Schafkopf Law LLC

SPONSORED LAWYERS

William R. Marth

Robert C. Rowbotham

Scott A Telson

Eric Hughes

TIPS

LEGAL TERMS

NET LEASE

VIEW ORDINANCE

MEMORANDUM

QUASI-COMMUNITY PROPERTY

INCIDENTS OF OWNERSHIP

BASIS

VESTED REMAINDER

STATUTE OF LIMITATIONS

DIVIDEND

SAMPLE LEGAL CASES

Richard A. Pulaski Construction Co. v. Air Frame Hangars, Inc.

DUGAN CONSTRUCTION COMPANY, INC. v. New Jersey Turnpike Authority

Marrone v. G & P CONSTRUCTION, INC.

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