Townshend Real Estate Lawyer, Vermont


Raymond L. Massucco

Commercial Real Estate, Health Care, Federal Appellate Practice, Banking & Finance
Status:  In Good Standing           

Sarah E. Vail

Real Estate
Status:  In Good Standing           

Richard D. Perra

Real Estate, Litigation, Workers' Compensation, Corporate
Status:  In Good Standing           

Richard C Carroll

Litigation, Personal Injury, Residential Real Estate, Employment Discrimination
Status:  In Good Standing           
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Alexander D. Shriver

Commercial Real Estate, Conveyancing, Litigation, Bankruptcy
Status:  In Good Standing           

Michael S McGillion

Real Estate, Litigation, Workers' Compensation, Corporate
Status:  In Good Standing           

Jeffrey G. Morse

Employment, Estate, Lawsuit & Dispute, Real Estate
Status:  In Good Standing           

Barry J. Polidor

Real Estate, Trusts, Wills & Probate
Status:  In Good Standing           

Herbert G. Ogden

Land Use & Zoning, Litigation, Lawsuit & Dispute, Employment
Status:  In Good Standing           

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Free Help: Use This Form or Call 800-943-8690

Member Representative

Call me for fastest results!
800-943-8690

Free Help: Use This Form or Call 800-943-8690

By submitting this lawyer request, I confirm I have read and agree to the Consent to Receive Email, Phone, Text Messages, Terms of Use, and Privacy Policy. Information provided is not privileged or confidential.

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LEGAL TERMS

HOMESTEAD DECLARATION

A form filed with the county recorder's office to put on record your right to a homestead exemption. In most states, the homestead exemption is automatic--that ... (more...)
A form filed with the county recorder's office to put on record your right to a homestead exemption. In most states, the homestead exemption is automatic--that is, you are not required to record a homestead declaration in order to claim the homestead exemption. A few states do require such a recording, however.

LEASE OPTION

A contract in which an owner leases her house (usually for one to five years) to a tenant for a specific monthly rent, and which gives the tenant the right to b... (more...)
A contract in which an owner leases her house (usually for one to five years) to a tenant for a specific monthly rent, and which gives the tenant the right to buy the house at the end of the lease period for a price established in advance. A lease option is often a good arrangement for a potential home buyer because it lets him move into a house he may buy without having to come up with a down payment or financing at that time.

BOND

(1) A written agreement purchased from a bonding company that guarantees a person will properly carry out a specific act, such as managing funds, showing up in ... (more...)
(1) A written agreement purchased from a bonding company that guarantees a person will properly carry out a specific act, such as managing funds, showing up in court, providing good title to a piece of real estate or completing a construction project. If the person who purchased the bond fails at his or her task, the bonding company will pay the aggrieved party an amount up to the value of the bond. (2) An interest-bearing document issued by a government or company as evidence of a debt. A bond provides pre-determined payments at a set date to the bond holder. Bonds may be 'registered' bonds, which provide payment to the bond holder whose name is recorded with the issuer and appears on the bond certificate, or 'bearer' bonds, which provide payments to whomever holds the bond in-hand.

SETBACK

The distance between a property boundary and a building. A minimum setback is usually required by law.

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.

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.

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.

INHERITORS

Persons or organizations who receive property from someone who dies.

APPRECIATION

An increase in value. Appreciated property is property that has gone up in value since it was acquired.