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Mitchell Reed Sussman
About | Practice Areas
Mitchell Reed Sussman & Associates
410 South Rampart Suite 390 Las Vegas, NV 89145» view map
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45+ Years of Experience

The Law offices of Mitchell Reed Sussman & Associates has been in business for over 45+ years specializing in real estate litigation.

800-814-6930
1. Mitchell Reed Sussman Las Vegas, NV
  Attorney at Law- CA, 1977
2. AboutMitchell Reed Sussman & Associates
  45+ Years of Experience
3. Practice AreasExpertise
  Timeshare
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Justin M. Townsend

Commercial Real Estate, Wills, Gift Taxation, Business & Trade, Tax

Status: In Good Standing

CONTACT

5190 Neil Rd, Reno, NV 89502

Lance P. Maiss

Lawsuit & Dispute, Real Estate, Business, Corporate

Status: In Good Standing Licensed: 32 Years

CONTACT

1575 Delucchi Lane, Reno, NV 89502

Jeffery A. Briggs

General Practice

Status: In Good Standing Licensed: 28 Years

CONTACT

299 S Arlington Ave, Reno, NV 89501

Richard L. Elmore

Electronic Commerce, Household Mold, Employment Discrimination, Construction

Status: In Good Standing

CONTACT

5441 Kietzke Lane, Reno, NV 89511

Michael E Sullivan

Divorce & Family Law, Business, Lawsuit & Dispute, Real Estate, Car Accident

Status: In Good Standing Licensed: 31 Years

CONTACT

71 Washington Street, Reno, NV 89503

Sherry B. Bowers

Commercial Real Estate, Federal Appellate Practice, Family Law, Civil & Human Rights

Status: In Good Standing Licensed: 43 Years

CONTACT

63 Keystone Ave., Reno, NV 89503

Terry John Thomas

Tax, Real Estate Other, Lawsuit & Dispute, Intellectual Property, Business

Status: In Good Standing Licensed: 37 Years

CONTACT

63 Keystone Ave, Reno, NV 89503

Carli West Kinne

General Practice

Status: In Good Standing Licensed: 22 Years

CONTACT

1664 N Virginia St, Reno, NV 89557

D. Michael Clasen

Real Estate

Status: In Good Standing Licensed: 52 Years

CONTACT

Reno, NV 89505

Carli W. Kinne

General Practice

Status: In Good Standing Licensed: 22 Years

CONTACT

1664 N Virginia St, Reno, NV 89557

800-923-0641

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LEGAL TERMS

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An outdated legal word meaning personal property left by a will.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.

USE TAX

A tax imposed by a state to compensate for the sales tax lost when an item is purchased outside of the state, but is used within the state. For example, you buy... (more...)

A tax imposed by a state to compensate for the sales tax lost when an item is purchased outside of the state, but is used within the state. For example, you buy your car in a state that has no sales tax, but you live across the border in a state that does have a sales tax. When you bring your car home and register it in your state, the state taxing authority will bill you for the sales tax it would have collected had you bought the car within the state.

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.

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.

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.

FORECLOSURE

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

IP

See intellectual property law.

OFFER

A proposal to enter into an agreement with another person. An offer must express the intent of the person making the offer to form a contract, must contain some... (more...)

A proposal to enter into an agreement with another person. An offer must express the intent of the person making the offer to form a contract, must contain some essential terms--including the price and subject matter of the contract--and must be communicated by the person making the offer. A legally valid acceptance of the offer will create a binding contract.

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.

Reno Real Estate Lawyer, Nevada, page 4

Sponsored Law Firm

Mitchell Reed Sussman & Associates

SPONSORED LAWYERS

Justin M. Townsend

Lance P. Maiss

Jeffery A. Briggs

Richard L. Elmore

Michael E Sullivan

Sherry B. Bowers

Terry John Thomas

Carli West Kinne

D. Michael Clasen

Carli W. Kinne

TIPS

LEGAL TERMS

LEGACY

USE TAX

APPRAISAL

STATUTE OF LIMITATIONS

NET LEASE

FORECLOSURE

IP

OFFER

SHARED EQUITY MORTGAGE

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