Estates and Interests Overview

When a client purchases a brownstone in Brooklyn or a sprawling estate in the Hudson Valley, they are not simply buying bricks, mortar, and soil. They are acquiring an abstract, invisible framework of legal privileges known as the bundle of legal rights. To the untrained eye, property is a physical object. To the real estate professional, property is a dynamic collection of relationships between the owner, the state, and the rest of the world. Understanding exactly what is being bought, sold, and transferred is the foundational bedrock of real estate law.