Category Archives: Dictionary of Law

Abatement - a reduction in amount or intensity. Usually applies to decrease in taxes or rent
— Dictionary of Real Estate Terms (Barron's)

Abatement - a reduction in amount or intensity. Usually applies to decrease in taxes or rent.

Example: a manufacturing plant may install equipment for pollution abatement.

Eample: tenants may ask for an abatement in rent over a period when their use of the property has been interrupted or inhibited by actions of the landlord, such as renovation of the structure.

Example: the city of Hicksville offered ABC Industries an abatement of property taxes for 10 years if the firm would relocate its plant to Hicksville.

 

Chancery, Change in circumstances, Change of venue, Charge, Charge conference

Chancery n. 1 The traditional name for a court of equity. 2 Equity or proceedings administered in courts of equity. Change in circumstances n. A modification, usually substantial, unanticipated, and involuntary, in the emotional, financial, or physical condition of one or both parents, warranting a modification of a child custody or child support order. Change…
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