Sherburne Land Use & Zoning Lawyer, New York
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217 South Salina Street, Syracuse, NY 13202
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Martha Nebelsiek Hertzberg
Land Use & Zoning, State and Local, Family Law, Civil Rights
Status: In Good Standing Licensed: 35 Years
233 E Washington St, Syracuse, NY 13202
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Barry R. Kogut
Land Use & Zoning, Real Estate, Industry Specialties, Environmental Law
Status: In Good Standing Licensed: 47 Years
110 W Fayette St, Syracuse, NY 13202
Profile LAWPOINTS™24/100
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LEGAL TERMS
DEBENTURE
A type of bond (an interest-bearing document that serves as evidence of a debt) that does not require security in the form of a mortgage or lien on a specific p... (more...)
A type of bond (an interest-bearing document that serves as evidence of a debt) that does not require security in the form of a mortgage or lien on a specific piece of property. Repayment of a debenture is guaranteed only by the general credit of the issuer. For example, a corporation may issue a secured bond that gives the bondholder a lien on the corporation's factory. But if it issues a debenture, the loan is not secured by any property at all. When a corporation issues debentures, the holders are considered creditors of the corporation and are entitled to payment before shareholders if the business folds.
PATENT CLAIM
A statement included in a patent application that describes the structure of an invention in precise and exact terms, using a long established formal style and ... (more...)
A statement included in a patent application that describes the structure of an invention in precise and exact terms, using a long established formal style and precise terminology. Patent claims serve as a way for the U.S. Patent and Trademark Office (PTO) to determine whether an invention is patentable, and as a way for a court to determine whether a patent has been infringed. In concept, a patent claim marks the boundaries of the patent in the same way as the legal description in a deed specifies the boundaries of the 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.'
LEGACY
An outdated legal word meaning personal property left by a will. The more common term for this type of property is bequest. Compare devise.
PRIVATE MORTGAGE INSURANCE (PMI)
Insurance that reimburses a mortgage lender if the buyer defaults on the loan and the foreclosure sale price is less than the amount owed the lender (the mortga... (more...)
Insurance that reimburses a mortgage lender if the buyer defaults on the loan and the foreclosure sale price is less than the amount owed the lender (the mortgage plus the costs of the sale). A home buyer who makes less than a 20% down payment may have to purchase PMI.
DOWN PAYMENT
A lump sum cash payment paid by a buyer when he or she purchases a major piece of property, such as a car or house. The buyer typically takes out a loan for the... (more...)
A lump sum cash payment paid by a buyer when he or she purchases a major piece of property, such as a car or house. The buyer typically takes out a loan for the balance remaining, and pays it off in monthly installments over time.
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.
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.
ASSIGNMENT
A transfer of property rights from one person to another, called the assignee.
SAMPLE LEGAL CASES
CASPIAN v. Zoning Bd.
The issue on this appeal is whether a municipal zoning board may deny requested area variances
on the basis of common-law principles that are independent of the statutory factors enumerated
under Town Law § 267-b (3). In particular, we are asked to determine whether ongoing ...
MATTER OF GENSER v. Board of Zoning and Appeals of Town of North Hempstead
Meanwhile, after a public hearing on January 3, 2006, the Town of North Hempstead adopted
the zoning amendment which provided, inter alia, that the minimum lot width in the residence
A district where the lot is located must be either 65 feet or the average width of the lots ...
MATTER OF WEST BEEKMANTOWN NEIGHBORHOOD ASSOCIATION, INC. v. Zoning Board of Appeals of the Town of Beekmantown
Petitioners contend that the ZBA's issuance of a negative declaration and subsequent grant of
the conditional use permit was improper because the determination that the proposed wind farm
constituted an essential service as defined by the Town Zoning Law was arbitrary and ...
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