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PROPERTY

capital gains

Capital gains refers to profits gained from the sale of capital assets. Almost everything someone owns and uses for personal or investment purposes is a capital asset. This includes a home, personal-use items like household furnishings, vehicles, or intangibles such as stocks or bonds held as investments.

caveat emptor

Caveat emptor is a common law doctrine that places the burden on buyers to reasonably examine property before making a purchase. A buyer who fails to meet this burden is unable to recover for defects in the product that would have been discovered had this burden been met. The phrase  “caveat emptor” is Latin for “let the buyer beware.”

CC&Rs

CC&Rs refer to covenants, conditions, and restrictions that often come with buying houses, apartments, and other real estate in common interest communities.  These communities such as condominiums and co-ops have requirements when created that every property must follow such as noise restrictions and keeping grass cut.

cease and desist letter

A cease and desist letter is a cautionary letter sent to an alleged wrongdoer describing the alleged misconduct and demanding that the alleged misconduct be stopped. A cease and desist letter provides notice that legal action may and will be taken if the conduct in question continues.

certificate of trust

Certificate of trust is a brief version of the trust document that allows certain details of the trust that you want to keep confidential to be omitted (such as the names of the beneficiaries). It is often used to provide proof of trust formation to financial organizations or other institutions without making certain key terms public.

certification mark

A certification mark is used in commerce by a person other than its owner to identify goods or services as being of a particular type. When a certification mark is used on a product, it is to indicate the existence of an accepted product standard or regulation and a claim that the manufacturer has verified compliance with those standards or regulations.

certification of trust

Certification of trust is a brief version of the trust document that allows certain details of the trust (such as the names of the beneficiaries) that you want to keep confidential to be omitted. It is often used to provide proof of trust formation to financial organizations or other institutions without making certain key terms public.

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