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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

Mark V Kuminski

Construction, Products Liability, Personal Injury, Medical Malpractice

Status: In Good Standing

CONTACT

220 Forsgate Drive, Monroe Township, NJ 08831

James Tarnofsky

Construction Contracts, Intellectual Property, Labor Law, Criminal

Status: In Good Standing

CONTACT

646 State Route 18, East Brunswick, NJ 08816

Kersten Roehsler

Intellectual Property, Trusts, Land Use & Zoning, Construction Contracts

Status: In Good Standing

CONTACT

646 State Route 18, East Brunswick, NJ 08816

Victor Angeline

Construction Contracts

Status: In Good Standing

CONTACT

646 State Route 18, East Brunswick, NJ 08816

800-923-0641

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LEGAL TERMS

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.

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.

QUITCLAIM DEED

A deed that transfers whatever ownership interest the transferor has in a particular property. The deed does not guarantee anything about what is being transfer... (more...)

A deed that transfers whatever ownership interest the transferor has in a particular property. The deed does not guarantee anything about what is being transferred, however. For example, a divorcing husband may quitclaim his interest in certain real estate to his ex-wife, officially giving up any legal interest in the property. Compare grant deed.

LIFE TENANT

One who has a life estate in real property.

TENANT

Anyone, including a corporation, who rents real property, with or without a house or structure, from the owner (called the landlord). The tenant may also be cal... (more...)

Anyone, including a corporation, who rents real property, with or without a house or structure, from the owner (called the landlord). The tenant may also be called the 'lessee.'

JOINT TENANCY

A way for two or more people to share ownership of real estate or other property. When two or more people own property as joint tenants and one owner dies, the ... (more...)

A way for two or more people to share ownership of real estate or other property. When two or more people own property as joint tenants and one owner dies, the other owners automatically own the deceased owner's share. For example, if a parent and child own a house as joint tenants and the parent dies, the child automatically becomes full owner. Because of this right of survivorship, no will is required to transfer the property; it goes directly to the surviving joint tenants without the delay and costs of probate.

FUTURE INTEREST

A right to property that cannot be enforced in the present, but only at some time in the future. For example, John's will leaves his house to his sister Marian,... (more...)

A right to property that cannot be enforced in the present, but only at some time in the future. For example, John's will leaves his house to his sister Marian, but only after the death of his wife, Hillary. Marian has a future interest in the house.

STATUTE OF LIMITATIONS

The legally prescribed time limit in which a lawsuit must be filed. Statutes of limitation differ depending on the type of legal claim, and often the state. For... (more...)

The legally prescribed time limit in which a lawsuit must be filed. Statutes of limitation differ depending on the type of legal claim, and often the state. For example, many states require that a personal injury lawsuit be filed within one year from the date of injury -- or in some instances, from the date when it should reasonably have been discovered -- but some allow two years. Similarly, claims based on a written contract must be filed in court within four years from the date the contract was broken in some states and five years in others. Statute of limitations rules apply to cases filed in all courts, including federal court.

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., ...

Helmetta Construction Lawyer, New Jersey

Sponsored Law Firm

Schafkopf Law LLC

SPONSORED LAWYERS

Mark V Kuminski

James Tarnofsky

Kersten Roehsler

Victor Angeline

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LEGAL TERMS

GROSS LEASE

NET LEASE

BALLOON PAYMENT

QUITCLAIM DEED

LIFE TENANT

TENANT

JOINT TENANCY

FUTURE INTEREST

STATUTE OF LIMITATIONS

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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