Waldron Land Use & Zoning Lawyer, Missouri
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CONTACT 221 West Lexington Avenue, Independence, MO 64050
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LEGAL TERMS
FINDER'S FEE
A fee charged by real estate brokers and apartment-finding services in exchange for locating a rental property. These fees are permitted by law. Some landlords,... (more...)
A fee charged by real estate brokers and apartment-finding services in exchange for locating a rental property. These fees are permitted by law. Some landlords, however, charge finder's fees merely for renting a place. This type of charge is not legitimate and, in some areas, is specifically declared illegal.
INVEST
(1) To formally grant power or authority to someone. For example, when the President of the United States is inaugurated, he is invested with all the powers of ... (more...)
(1) To formally grant power or authority to someone. For example, when the President of the United States is inaugurated, he is invested with all the powers of that office. (2) To contribute money to a business venture, or to buy property or securities, with the intention and expectation of making a profit.
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.
RESTRAINT ON ALIENATION
A provision in a deed or will that attempts to restrict ownership of the property -- for example, selling your house to your daughter with the provision that it... (more...)
A provision in a deed or will that attempts to restrict ownership of the property -- for example, selling your house to your daughter with the provision that it never be sold to anyone outside the family. These provisions are generally unenforceable.
BASIS
For income and capital gains tax purposes, the value that is used to determine profit or loss when property is sold. Often the basis is what you paid for the pr... (more...)
For income and capital gains tax purposes, the value that is used to determine profit or loss when property is sold. Often the basis is what you paid for the property, 'adjusted' to reflect improvements made or damage incurred while you own the property. See stepped-up basis, carryover basis.
SHARED EQUITY MORTGAGE
A home loan in which the lender gets a share of the equity of the home in exchange for providing a portion of the down payment. When the home is later sold, the... (more...)
A home loan in which the lender gets a share of the equity of the home in exchange for providing a portion of the down payment. When the home is later sold, the lender is entitled to a portion of the proceeds.
YELLOW-DOG CONTRACT
An employment contract in which the employer forbids the employee to join a labor union. Yellow-dog contracts are not legally enforceable.
ACT OF GOD
An extraordinary and unexpected natural event, such as a hurricane, tornado, earthquake or even the sudden death of a person. An act of God may be a defense aga... (more...)
An extraordinary and unexpected natural event, such as a hurricane, tornado, earthquake or even the sudden death of a person. An act of God may be a defense against liability for injuries or damages. Under the law of contracts, an act of God often serves as a valid excuse if one of the parties to the contract is unable to fulfill his or her duties -- for instance, completing a construction project on time.
ESTATE
Generally, all the property you own when you die.
SAMPLE LEGAL CASES
Lee v. Board of Zoning Adjustment
An inspector with the City's Department of Codes Administration determined that the proposed
billboard location would be less than 200 feet from an existing outdoor advertising sign, violating
section 80-220(e)(3)a of the City Code, which required spacing of 800 feet between such ...
Reiz v. Board of Zoning Adjustment
On February 27, 2006, Porlier's predecessor in interest, Pinnacle Management Group, LLC
("Pinnacle"), filed an application with Respondent City of Kansas City, Missouri ("City"), for an
outdoor advertising sign permit to erect a billboard on property owned by Reiz at 1001 ...
Gash v. Lafayette County
... WILLIAM RAY PRICE, JR., Judge. Maurice and Nancy Gash, on behalf of the Maurice L. Gash
and Nancy L. Gash Revocable Trust, seek a declaratory judgment that Lafayette County's zoning
classification of their property is arbitrary, unreasonable, and void. ...
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