Property
Property signifies dominion or right of use, control, and disposition which one may lawfully exercise over things, objects, or land. One of the basic dividing lines between property is that between real property and personal property. Generally, the term “real property” refers to land. Land, in its general usage, includes not only the face of the earth but everything of a permanent nature over or under it. This is FindLaw’s collection of Real and Personal Property articles, part of the Business Operations section of the Corporate Counsel Center. Law articles in this archive are predominantly written by lawyers for a professional audience seeking business solutions to legal issues. Start your free research with FindLaw.
Property
Property Articles
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Late Payments and Reasonable Attorney’s Fees
Food Studio, Inc. v. Fabiola's, 1998 WL 321953 (Conn. Super. 6/16/98). LATE PAYMENTS AND REASONABLE ATTORNEY'S FEES. The Sublessor and Sublessee in this case just did not get along. Sublessor, who was consistently paid rent late by the sublessee ...
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Law Alert: New California Time-Share Legislation
For those of you who have not had a chance to review the new California legislation (AB 2530; introduced by Assembly Member Miller and signed into law in late September and effective January 1), below is our attempt to summarize it. The legislation ...
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Legislative Update: Maryland Condominum Act Revised
In its 1997 session, the Maryland General Assembly amended the Maryland Condominium Act by providing that a council of unit owners, through its board of directors, may specifically designate parking for the handicapped "notwithstanding any ...
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Legislature to Decide Whether Cities can Force Closure of Lawful Business Use without Compensation
Several months ago we advised business and property owners of the importance of following the municipal Comprehensive Planning process, now underway, in order to protect future real property development opportunities in the metropolitan area. Since ...
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Liens Against Public Funds
The Illinois Legislature created the Mechanic's Lien Act (the "Act"), 770 ILCS 60/1 et seq., as a method to secure payment for contractors, subcontractors, and material suppliers on construction projects. The Act provides two separate and distinct ...
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Liquidated Damages/Foreclosure Sale
Costal Leasing Corporation v. T-Bar S Corporation, 128 N.C. App. 379 496 S. E. 2d 795 (1998). LIQUIDATED DAMAGES/FORECLOSURE SALE. The North Carolina court upheld the liquidated damages clause under pre-UCC Article 2A law but reached the unusual ...
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Look Before You Lease: Upgrade Rights
A reader has asked us to go over upgrade rights, one of the most difficult provisions for lessees to negotiate. For years, lessees of various types of equipment, especially computer and other high technology equipment, have requested that each of ...
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Making Peace with Man’s Best Friend: Sinking your teeth into the Michigan DOG BITE Statute
THE CANINE EXPLOSION Look around. Our little pets are everywhere! Recent statistics report over 60 million dogs (and counting) in the United States alone! 1. They sit in our cars, run in our yards and even sleep in our beds. Disney has made billions ...
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Maryland Law on “Implied Exclusives” is Unclear
The Maryland federal and state courts have considered, on several occasions, whether there is an "implied covenant of exclusivity" in commercial leases. The issue in these cases is whether a landlord is precluded from leasing space to a new tenant ...
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MD&A Issues, Off Balance Sheet Financing And New Audit Committee Responsibilities
Richard Langan, Business Group Leader at Nixon Peabody LLP, presented a discussion on two current management's discussion and analysis ("MD&A") issues, off balance sheet financing, and new audit committee responsibilities. He began by noting that ...
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