| Impact Fees |
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| ABC Construction Corp. sought a permit to begin construction of 25 residences in the Southwell Hills Community, located in the County of Rockland. The development is situated in a neighborhood full of older houses. The local government authority conditioned the issuance of its building permit upon payment by ABC of certain impact fees.More... |
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| Radon Gas Tests |
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| The existence of radon gas in a home is a health hazard. In residential real estate transactions, it is not uncommon for standard real estate contracts to contain a clause that makes the buyer's consummation of the transaction contingent upon the home passing a radon gas test.More... |
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| Intestate Succession |
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| When a person dies with a will, the person is said to have died "testate." If a person dies without a will, the person is said to have died "intestate." In the case of an intestate person, the law of intestate succession governs the distribution of the person's property following the person's death.More... |
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| The Cooperative Form of Ownership |
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| Under a cooperative form of ownership, a home buyer typically does not obtain title to a particular unit. Instead, title to all of the units in the cooperative is held by a corporation. A home buyer purchases shares of stock in the corporation. Instead of a deed, the home buyer receives a lease for the particular unit.More... |
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| Disclosures in Residential Real Estate Transactions |
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| One of the biggest decisions in a person's life is the decision to buy real estate. The excitement often associated with the purchase of a new home can be overshadowed by disappointment once the newness wears off and defects become apparent.More... |
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