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Mitchell Reed Sussman
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Mitchell Reed Sussman & Associates
410 South Rampart Suite 390 Las Vegas, NV 89145» view map
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45+ Years of Experience

The Law offices of Mitchell Reed Sussman & Associates has been in business for over 45+ years specializing in real estate litigation.

800-814-6930
1. Mitchell Reed Sussman Las Vegas, NV
  Attorney at Law- CA, 1977
2. AboutMitchell Reed Sussman & Associates
  45+ Years of Experience
3. Practice AreasExpertise
  Timeshare
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Includes: Construction Contracts, Construction Liens, Housing & Construction Defects

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LEGAL TERMS

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.

CONSIDERATION

The basis of a contract. Consideration is a benefit or right for which the parties to a contract must bargain; the contract is founded on an exchange of one for... (more...)

The basis of a contract. Consideration is a benefit or right for which the parties to a contract must bargain; the contract is founded on an exchange of one form of consideration for another. Consideration may be a promise to perform a certain act -- for example, a promise to fix a leaky roof -- or a promise not to do something, such as build a second story on a house that will block the neighbor's view. Whatever its particulars, consideration must be something of value to the people who are making the contract.

APPRAISER

A person who is hired to determine the current value of real estate or other property.

INURE

To take effect, or to benefit someone. In property law, the term means 'to vest.' For example, Jim buys a beach house that includes the right to travel across t... (more...)

To take effect, or to benefit someone. In property law, the term means 'to vest.' For example, Jim buys a beach house that includes the right to travel across the neighbor's property to get to the water. That right of way is said, cryptically, 'to inure to the benefit of Jim.'

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.

MARITAL DEDUCTION

A deduction allowed by the federal estate tax laws for all property passed to a surviving spouse who is a U.S. citizen. This deduction (which really functions a... (more...)

A deduction allowed by the federal estate tax laws for all property passed to a surviving spouse who is a U.S. citizen. This deduction (which really functions as an exemption) allows anyone, even a billionaire, to pass his or her entire estate to a surviving spouse without any tax at all.

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.

AGREEMENT

A meeting of the minds. An agreement is made when two people reach an understanding about a particular issue, including their obligations, duties and rights. Wh... (more...)

A meeting of the minds. An agreement is made when two people reach an understanding about a particular issue, including their obligations, duties and rights. While agreement is sometimes used to mean contract -- a legally binding oral or written agreement -- it is actually a broader term, including understandings that might not rise to the level of a legally binding contract.

LANDLORD

The owner of any real estate, such as a house, apartment building or land, that is leased or rented to another person, called the tenant.

SAMPLE LEGAL CASES

Terracon Consultants Western, Inc. v. Mandalay Resort Group

... OPINION. By the Court, GIBBONS, J.: The United States District Court for the District of Nevada has certified, under NRAP 5, the following questions to this court. Does the economic loss doctrine apply to contractors who solely provide services in construction defect cases? ...

Stalk v. Mushkin

... Op. No. 3. MICHELLE STALK AND URBAN CONSTRUCTION COMPANY, LLC, A NEVADA LIMITED LIABILITY COMPANY, Appellants, vs. ... Stalk and Urban Construction also had a 30-year business relationship with Bird and RPSC developing various parcels of real property. ...

State v. Castaneda

... Ct., 122 Nev. 289, 292, 129 P.3d 682, 684 (2006)). Further, we adhere to the precedent that "every reasonable construction must be resorted to, in order to save a statute from unconstitutionality." Hooper v. California, 155 US 648, 657, 15 S.Ct. 207, 39 L.Ed. ...

Empire Construction Lawyer, Nevada

Sponsored Law Firm

Mitchell Reed Sussman & Associates

SPONSORED LAWYERS

Janie M. Long

Janie Marie Long

Linda Bowman

Joan F. Walker

Tudor Chirila

John R. Clarkson

Barbara A. Salerno

Patrick James Martin

Joan Walker

Brad Alan Chamberlain

TIPS

LEGAL TERMS

RUNNING WITH THE LAND

CONSIDERATION

APPRAISER

INURE

BALLOON PAYMENT

MARITAL DEDUCTION

UNIFORM TRANSFERS TO MINORS ACT

AGREEMENT

LANDLORD

SAMPLE LEGAL CASES

Terracon Consultants Western, Inc. v. Mandalay Resort Group

Stalk v. Mushkin

State v. Castaneda

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