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Real Estate Alphabet Soup: Y Is for Yard | Miles & Stockbridge P.C.


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In my last post, “Real Estate Alphabet Soup: X Is for X-factor” I continued my primer on the “alphabet soup” of real estate. This post continues to stir the “alphabet soup” with the letter Y.
Y is for “Yard.” Not a “yard” in the sense of a precise linear measurement, but rather, a “yard” in the sense of the open area situated around buildings and structures. Although, of course, there are precise measurements required to determine the location, boundaries and area of a “yard.”
Webster’s Dictionary defines “yard” as “a small, usually walled and often paved area open to the sky and adjacent to a building”. When hearing the word “yard” many of us may immediately think of the grassy back yard where we grew up playing, and where we relax, recreate and enjoy the outdoors. A “yard” may also be a paved or unpaved storage or maintenance yard surrounding buildings in a busi ....

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Real Estate Alphabet Soup: X Is for X-Factor | Miles & Stockbridge P.C.


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In my last post, “Real Estate Alphabet Soup: W is for Warranties” I continued my primer on the “alphabet soup” of real estate. This post continues to stir the “alphabet soup” with the letter X.
I knew when I started to stir up this “alphabet soup” that the letter X would prove to be a challenging ingredient to mix into the soup. And now that I have reached this step in the recipe, that challenge still stands, but I’ll do my best to be a creative cook. ....

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Real Estate Alphabet Soup: V Is for Variance | Miles & Stockbridge P.C.


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In my last post, “Real Estate Alphabet Soup: U Is for Unities,” I continued my primer on the “alphabet soup” of real estate. This post continues to stir the “alphabet soup” with the letter “V.”
V is for “variance.” In the realm of real estate and, more specifically, zoning law, a “variance” is an exemption from the application of certain zoning ordinances or regulations, thereby permitting a use which varies from the regulations otherwise permitted under the zoning ordinance. A “variance” may be granted only after review by the appropriate authority, generally an appointed board of zoning appeals, and only upon the satisfaction of certain criteria. And a “variance” may be granted only if strict enforcement of the zoning ordinance or regulation would cause an undue hardship. ....

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Real Estate Alphabet Soup: U is for Unities | Miles & Stockbridge P.C.


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In my last post, “Real Estate Alphabet Soup: T is for Tenancy” I continued my primer on the “alphabet soup” of real estate. This post continues to stir the “alphabet soup” with the letter “U.”
U is for “Unities”. Under the common law there are four “unities” that are required in order to create certain forms of tenancy. As a bit of a refresher, you may recall from my last post that some of the forms of taking “tenancy” or title to real property include a “joint tenancy” (a tenancy of two or more persons with a right of survivorship) and a “tenancy by the entirety” (a tenancy between spouses with a right of survivorship). In order for a “joint tenancy” or a “tenancy by the entirety” to be valid, the common law requires the existence of four “unities” of title. ....

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