Pied-a-Terre – David Reecher Pied-a-terre is a term that refers to an apartment that is not the primary residence of the owner.  The term refers to an apartment that is used only sporadical... Read More

Phantom Gain

Phantom Gain – David Reecher A sale of real estate in which income is recognized for tax purposes but no money has been received correlating to the gain amount.  This can occur when the pro... Read More

Periodic Tenancy

Periodic Tenancy – David Reecher A periodic tenancy lease automatically renews for successive periods unless terminated by either party.  It is also called an estate from year to year.... Read More