Demarest Timeshare Lawyer, New Jersey

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Hikmat A. Sabeh
About | Practice Areas
Law Office of Hikmat A. Sabeh
26 Park Street Suite 2076 Montclair, NJ 07042» view map
Real Estate Law
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800-881-0241
1. Hikmat A. Sabeh Montclair, NJ
  Attorney at Law - NJ, 2015
  Seton Hall University J.D. 2015
2. AboutLaw Office of Hikmat A. Sabeh
  Effective Legal Advice
3. Practice AreasExpertise
  Real Estate Law
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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.

PERMANENT RESIDENT

A non-U.S. citizen who has been given permission to make his or her permanent home in the United States. If you acquire permanent residence, you will be issued ... (more...)

A non-U.S. citizen who has been given permission to make his or her permanent home in the United States. If you acquire permanent residence, you will be issued a green card to prove it. The terms permanent resident and 'green card holder' mean exactly the same thing. You cannot be a permanent resident without a green card and you cannot have a green card without being a permanent resident. As a permanent resident, you may travel as much as you like, but your place of residence must be the United States and you must keep that residence on a permanent basis. If you leave the United States and stay away for more than a year, you risk losing your green card.

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.

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.

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.

BEQUEST

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

RIGHT OF SURVIVORSHIP

The right of a surviving joint tenant to take ownership of a deceased joint tenant's share of the property. See joint tenancy.

SECURITY DEPOSIT

A payment required by a landlord to ensure that a tenant pays rent on time and keeps the rental unit in good condition. If the tenant damages the property or le... (more...)

A payment required by a landlord to ensure that a tenant pays rent on time and keeps the rental unit in good condition. If the tenant damages the property or leaves owing rent, the landlord can use the security deposit to cover what the tenant owes.

INDEPENDENT CONTRACTOR

A legal category of worker defined by the Internal Revenue Service. The key to the definition is that, unlike employees, independent contractors retain control ... (more...)

A legal category of worker defined by the Internal Revenue Service. The key to the definition is that, unlike employees, independent contractors retain control over how the work they are hired to do gets done; the person or company paying the independent contractor controls only the outcome--the product or service.

Demarest Timeshare Lawyer, New Jersey

Sponsored Law Firm

Law Office of Hikmat A. Sabeh

SPONSORED LAWYERS

Arthur "Scott" L. Porter

Bernard Dorfman

Eddie Raynord Hadden

Paul N. Ambrose

Raymond S. Carroll

John L. Schettino

Marianne Quinn

Charles H. Bartel

Brenda H. Rothman

William F. Rupp

TIPS

LEGAL TERMS

LIMITED EQUITY HOUSING

PERMANENT RESIDENT

BALLOON PAYMENT

BASIS

RUNNING WITH THE LAND

BEQUEST

RIGHT OF SURVIVORSHIP

SECURITY DEPOSIT

INDEPENDENT CONTRACTOR

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