Bellerose Real Estate Other Lawyer, New York

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Includes: Commercial Leasing, Commercial Real Estate, Condominiums, Conveyancing, Housing & Urban Development, Premises Liability, Residential Real Estate, Title Insurance

Mark Frimmel

Condominiums, Real Estate
Status:  In Good Standing           

Eugene J. Martin

Commercial Real Estate, Lending
Status:  In Good Standing           

Mark I. Zelko

Corporate, Business Organization, Commercial Real Estate, Construction
Status:  In Good Standing           

Victor L. Matthews

Condominiums, Commercial Real Estate, Complex Litigation, Commercial Insurance
Status:  In Good Standing           

Robert J. Fryman

Commercial Real Estate, Construction, Real Estate, Banking & Finance
Status:  In Good Standing           

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Alan Thomas Schmidlin

Collection, Condominiums, Conveyancing, Foreclosure
Status:  In Good Standing           

Lori R. Somekh

Elder Law, Medicare & Medicaid, Power of Attorney, Estate, Real Estate Other
Status:  In Good Standing           

Joseph N. Misk

Commercial Leasing, Commercial Real Estate, Defamation & Slander, Condominiums
Status:  In Good Standing           Licensed:  33 Years

Elias C. Schwartz

Commercial Real Estate, Construction, Lawsuit & Dispute, Federal Appellate Practice
Status:  In Good Standing           Licensed:  45 Years

Stephen G. Limmer

Commercial Leasing, Dispute Resolution, Arbitration, Administrative Law
Status:  In Good Standing           Licensed:  53 Years

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800-943-8690

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LEGAL TERMS

INCAPACITY

(1) A lack of physical or mental abilities that results in a person's inability to manage his or her own personal care, property or finances. (2) A lack of abil... (more...)
(1) A lack of physical or mental abilities that results in a person's inability to manage his or her own personal care, property or finances. (2) A lack of ability to understand one's actions when making a will or other legal document. (3) The inability of an injured worker to perform his or her job. This may qualify the worker for disability benefits or workers' compensation.

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.

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.

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.

REAL PROPERTY

Another term for real estate. It includes land and things permanently attached to the land, such as trees, buildings, and stationary mobile homes. Anything that... (more...)
Another term for real estate. It includes land and things permanently attached to the land, such as trees, buildings, and stationary mobile homes. Anything that is not real property is termed personal property.

INHERITORS

Persons or organizations who receive property from someone who dies.

RIGHT OF SURVIVORSHIP

The right of a surviving joint tenant to take ownership of a deceased joint tenant's share of the property. See joint tenancy.

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.

FORECLOSURE

The forced sale of real estate to pay off a loan on which the owner of the property has defaulted.

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