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Itamar  Levy Lawyer

Itamar Levy

VERIFIED
Accident & Injury, Estate, Real Estate, Immigration, Criminal

While in Law School Mr. Levy worked for a Wall Street law firm that specialized in Real Estate and Trusts and Estates. After graduating from law schoo... (more)

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347-685-4510

Walter  Jennings Lawyer

Walter Jennings

VERIFIED
Landlord-Tenant, Residential Real Estate, Commercial Real Estate, Condominiums

The Law Office of Walter Jennings PC is a boutique law firm concentrating in the area of Landlord Tenant and Real Estate litigation. Boasting 40 year... (more)

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212-732-0091

Roman  Aminov Lawyer

Roman Aminov

VERIFIED
Estate, Accident & Injury, Real Estate, Health Care, Business
Compassionate Estate Planning, Probate, and Elder Law Attorney

Law Offices Of Roman Aminov- NYC Estate Probate Lawyer Call Roman A. Esq. At 212-201-9299. Roman is the Winner Of The Super Lawyers® 2016 Rising St... (more)

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800-839-1750

Alexander  Paykin Lawyer

Alexander Paykin

VERIFIED
Real Estate, Business, Lawsuit & Dispute, Estate, Litigation
Commercial and Real Estate Attorney handling Litigation, Transactions and General Counsel

At The Law Office of Alexander Paykin, P.C., each client is treated with the respect, attention, and expert legal care they deserve, while undergoing ... (more)

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800-747-9261

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Jonathon David Warner Lawyer

Jonathon David Warner

VERIFIED
Personal Injury, Professional Malpractice, Foreclosure

Jonathon Warner has more than 43 years of experience in trial and appellate litigation focusing on contingent fee matters, both commercial and persona... (more)

Robert Stephen Sikorski Lawyer

Robert Stephen Sikorski

VERIFIED
Wills & Probate, Real Estate, International Other, International Arbitration

At Busson & Sikorski, P.C., we know that you deserve the best legal advocates possible. Whether you're looking for an immigration lawyer in NYC or adv... (more)

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800-756-2880

Scott  Gilman Lawyer

Scott Gilman

VERIFIED
Accident & Injury, Personal Injury, Real Estate, Medical Malpractice

Scott Gilman graduated from Touro Law School in 1988. While at Touro, Scott Gilman was a founding student member of Touro’s Social Security Disabili... (more)

Barton Lloyd Slavin Lawyer

Barton Lloyd Slavin

VERIFIED
Business, Personal Injury, Estate, Commercial Real Estate, Real Estate

With over thirty three (33) years as a practicing attorney Barton L. Slavin, Esq. leads a staff and network of experienced attorneys that meets both c... (more)

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800-427-7671

Lynn  Berat Lawyer

Lynn Berat

VERIFIED
Estate, Contract, Real Estate, Power of Attorney, Education

Lynn Berat proudly serves New York County in the areas of estate, contract, real estate, and power of attorney law.

FREE CONSULTATION 

CONTACT

800-970-9451

Elizabeth  Jennings Lawyer

Elizabeth Jennings

VERIFIED
Landlord-Tenant, Real Estate, Mediation

An associate at The Law Offices of Walter Jennings P.C. Elizabeth concentrates on client relations, collections, legal research and litigation. Additi... (more)

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CONTACT

212-732-0091

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LEGAL TERMS

GOODS & CHATTELS

See personal property.

MORTGAGE

A loan in which the borrower puts up the title to real estate as security (collateral) for a loan. If the borrower doesn't pay back the debt on time, the lender... (more...)
A loan in which the borrower puts up the title to real estate as security (collateral) for a loan. If the borrower doesn't pay back the debt on time, the lender can foreclose on the real estate and have it sold to pay off the loan.

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.

APPRAISAL

A determination of the value of something, such as a house, jewelry or stock. A professional appraiser -- a qualified, disinterested expert -- makes an estimate... (more...)
A determination of the value of something, such as a house, jewelry or stock. A professional appraiser -- a qualified, disinterested expert -- makes an estimate by examining the property, and looking at the initial purchase price and comparing it with recent sales of similar property. Courts commonly order appraisals in probate, condemnation, bankruptcy or foreclosure proceedings in order to determine the fair market value of property. Banks and real estate companies use appraisals to ascertain the worth of real estate for lending purposes. And insurance companies require appraisals to determine the amount of damage done to covered property before settling insurance claims.

UNCLEAN HANDS

A legal doctrine that prevents a plaintiff who has acted unethically in relation to a lawsuit from winning the suit or from recovering as much money as she woul... (more...)
A legal doctrine that prevents a plaintiff who has acted unethically in relation to a lawsuit from winning the suit or from recovering as much money as she would have if she had behaved honorably. For example, if a contractor is suing a homeowner to recover the price of work he did on the home, his failure to perform the work as specified would leave him with unclean hands.

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.

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.

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.

SPECIFIC PERFORMANCE

A remedy provided by a court that orders the losing side to perform its part of a contract rather than, or possibly in addition to, paying money damages to the ... (more...)
A remedy provided by a court that orders the losing side to perform its part of a contract rather than, or possibly in addition to, paying money damages to the winner.