Brampton Land Use & Zoning Lawyer, Ontario, page 11

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Adil Farooq

Real Estate, Estate, Power of Attorney, Business, International

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7-120 Watline Ave, Mississauga, ON L4Z 2C1

Kanwarbir Steve Singh Hundal

Patent, Trademark, Science, Technology & Internet

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2000 Argentia Rd, Mississauga, ON L5N 1P7

Laurencia Nonye Fasoyiro

Real Estate, Personal Injury, Insurance, Wills

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6705 Tomken Rd, Mississauga, ON L5T 2J6

Jitesh Bhalla

Family Law, Paternity, Civil Rights, Franchising

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7015 Tranmere Dr, Mississauga, ON L5S 1T7

Rajesh Rai Thapar

Criminal, Litigation, Arbitration, Trusts

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201 County Court Blvd, Brampton, ON L6W 4L2

Bruce Frederick Duggan

Business, Employment, Banking & Finance, Merger & Acquisition

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201 County Court Blvd, Brampton, ON L6W 4L2

Puneet Singh Kohli

General Practice

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201 County Court Blvd, Brampton, ON L6W 4L2

Muhammad Maqsood Alam

Other, Slip & Fall Accident, Car Accident, Wills

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5100 Dixie Rd, Mississauga, ON L4W 1C9

Thomas Francis John Robert Long

Personal Injury

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2250 Bovaird Dr E, Brampton, ON L6R 0W3

Raymond Diep

Commercial Real Estate

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2 Robert Speck Pkwy, Mississauga, ON L4Z 1H8

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LEGAL TERMS

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.

SHORT SALE (OF HOUSE)

A sale of a house in which the proceeds fall short of what the owner still owes on the mortgage. Many lenders will agree to accept the proceeds of a short sale ... (more...)

A sale of a house in which the proceeds fall short of what the owner still owes on the mortgage. Many lenders will agree to accept the proceeds of a short sale and forgive the rest of what is owed on the mortgage when the owner cannot make the mortgage payments. By accepting a short sale, the lender can avoid a lengthy and costly foreclosure, and the owner is able to pay off the loan for less than what he owes. See also deed in lieu (or foreclosure).

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.

GROSS LEASE

A commercial real estate lease in which the tenant pays a fixed amount of rent per month or year, regardless of the landlord's operating costs, such as maintena... (more...)

A commercial real estate lease in which the tenant pays a fixed amount of rent per month or year, regardless of the landlord's operating costs, such as maintenance, taxes and insurance. A gross lease closely resembles the typical residential lease. The tenant may agree to a 'gross lease with stops,' meaning that the tenant will pitch in if the landlord's operating costs rise above a certain level. In real estate lingo, the point when the tenant starts to contribute is called the 'stop level,' because that's where the landlord's share of the costs stops.

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.

BEQUEST

The legal term for personal property (anything but real estate) left in a will.

PRECEDENT

A legal principle or rule created by one or more decisions of a state or federal appellate court. These rules provide a point of reference or authority for judg... (more...)

A legal principle or rule created by one or more decisions of a state or federal appellate court. These rules provide a point of reference or authority for judges deciding similar issues in later cases. Lower courts must apply these rules when faced with similar legal issues. For example, if the Montana Supreme Court decides that a certain type of employment contract overly restricts the right of the employee to quit and get another job, all other Montana courts must apply this same rule.

DONATION

A gift of property. The IRS allows you to take an income tax deduction for the value of donations made to charitable organizations who are recognized as such by... (more...)

A gift of property. The IRS allows you to take an income tax deduction for the value of donations made to charitable organizations who are recognized as such by the IRS.

NULLA BONA

Latin for 'no goods.' This is what the sheriff writes when she can find no property to seize in order to pay off a court judgment.

Brampton Land Use & Zoning Lawyer, Ontario, page 11

Sponsored Law Firm

Law Offices of Jonathan Kleiman

SPONSORED LAWYERS

Adil Farooq

Kanwarbir Steve Singh Hundal

Laurencia Nonye Fasoyiro

Jitesh Bhalla

Rajesh Rai Thapar

Bruce Frederick Duggan

Puneet Singh Kohli

Muhammad Maqsood Alam

Thomas Francis John Robert Long

Raymond Diep

TIPS

LEGAL TERMS

HOMESTEAD

SHORT SALE (OF HOUSE)

VESTED REMAINDER

GROSS LEASE

NET LEASE

BEQUEST

PRECEDENT

DONATION

NULLA BONA

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