East Meadow Timeshare Lawyer, New York, page 2

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Alexander Paykin
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The Law Office of Alexander Paykin, P.C.
350 5Th Ave Fl 59 New York, NY 10118Â» view map
Real Estate
Reliable. Dependable. Accessible.

Whether you are buying, selling, renting, or refinancing your house, our experienced legal team will strongly advocate for you at each and every step of the process.

800-747-9261
1. Alexander Paykin New York, NY
  Attorney at Law - NY, 2010
  Yeshiva University J.D. 2006
2. AboutThe Law Office of Alexander Paykin, P.C.
  We are reliable and accessible
3. Practice AreasSpecializations
  Real Estate
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John F. Hamilton

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300 Old Country Rd., Mineola, NY 11501

Michael A. Baranowicz

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Laura G Grossman

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Victor L. Matthews

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Robert J. Fryman

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Mark I. Zelko

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170 Old Country Road, Mineola, NY 11501

John P. Bues

Construction, Corporate, Real Estate, Litigation

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170 Old Country Road, Mineola, NY 11501

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LEGAL TERMS

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.

COOLING-OFF RULE

A rule that allows you to cancel a contract within a specified time period (typically three days) after signing it. Federal cooling-off rules apply this three-d... (more...)

A rule that allows you to cancel a contract within a specified time period (typically three days) after signing it. Federal cooling-off rules apply this three-day grace period to sales made door-to-door and anywhere other than a seller's normal place of business, such as at a trade show. Another federal cooling-off rule lets you cancel a home improvement loan or second mortgage within three days of signing. Various states have cooling-off rules that sometimes apply even longer cancellation periods to specific types of sales, such as dancing lessons and timeshares.

HOME WARRANTY

A service contract that covers a major housing system--for example, plumbing or electrical wiring--for a set period of time from the date a house is sold. The w... (more...)

A service contract that covers a major housing system--for example, plumbing or electrical wiring--for a set period of time from the date a house is sold. The warranty guarantees repairs to the covered system and is renewable.

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.

REFORMATION

The act of changing a written contract when one of the parties can prove that the actual agreement was different than what's written down. The changes are usual... (more...)

The act of changing a written contract when one of the parties can prove that the actual agreement was different than what's written down. The changes are usually made by a court when both parties overlooked a mistake in the document, or when one party has deceived the other.

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.

UNIFORM TRANSFERS TO MINORS ACT

A statute, adopted by almost all states, that provides a method for transferring property to minors and arranging for an adult to manage it until the child is o... (more...)

A statute, adopted by almost all states, that provides a method for transferring property to minors and arranging for an adult to manage it until the child is old enough to receive it. See custodian.

INVITEE

A business guest, or someone who enters property held open to members of the public, such as a visitor to a museum. Property owners must protect invitees from d... (more...)

A business guest, or someone who enters property held open to members of the public, such as a visitor to a museum. Property owners must protect invitees from dangers on the property. In an example of the perversion of legalese, social guests that you invite into your home are called 'licensees.'

East Meadow Timeshare Lawyer, New York, page 2

Sponsored Law Firm

The Law Office of Alexander Paykin, P.C.

SPONSORED LAWYERS

John F. Hamilton

Michael Demetriou

David Westermann

Jeffrey M. Samberg

Michael A. Baranowicz

Laura G Grossman

Victor L. Matthews

Robert J. Fryman

Mark I. Zelko

John P. Bues

TIPS

LEGAL TERMS

BALLOON PAYMENT

COOLING-OFF RULE

HOME WARRANTY

INCIDENTS OF OWNERSHIP

REFORMATION

DIVIDEND

UNIFORM TRANSFERS TO MINORS ACT

INVITEE

TESTAMENTARY DISPOSITION

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