Belle Mead Construction Lawyer, New Jersey, page 2

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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

Stuart Dember

Construction Contracts, Real Estate

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Lawrence Township, NJ 08648

Matthew Barndt

Construction Contracts

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CONTACT

103 Carnegie Ctr Ste 300, Princeton, NJ 08540

Eugene Song

Business, Construction Contracts

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CONTACT

Pennington, NJ 08534

800-923-0641

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LEGAL TERMS

TESTAMENTARY DISPOSITION

Leaving property in a will.

IP

See intellectual property law.

USE TAX

A tax imposed by a state to compensate for the sales tax lost when an item is purchased outside of the state, but is used within the state. For example, you buy... (more...)

A tax imposed by a state to compensate for the sales tax lost when an item is purchased outside of the state, but is used within the state. For example, you buy your car in a state that has no sales tax, but you live across the border in a state that does have a sales tax. When you bring your car home and register it in your state, the state taxing authority will bill you for the sales tax it would have collected had you bought the car within the state.

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.

RUNNING WITH THE LAND

A phrase used in property law to describe a right or duty that remains with a piece of property no matter who owns it. For example, the duty to allow a public b... (more...)

A phrase used in property law to describe a right or duty that remains with a piece of property no matter who owns it. For example, the duty to allow a public beach access path across waterfront property would most likely pass from one owner of the property to the next.

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.

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.

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.

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.

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., ...

Belle Mead Construction Lawyer, New Jersey, page 2

Sponsored Law Firm

Schafkopf Law LLC

SPONSORED LAWYERS

Stuart Dember

Matthew Barndt

Eugene Song

TIPS

LEGAL TERMS

TESTAMENTARY DISPOSITION

IP

USE TAX

RESTRAINT ON ALIENATION

RUNNING WITH THE LAND

LEASE OPTION

NET LEASE

HOLD HARMLESS

HOMESTEAD

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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