New York real estate attorney Peter Zinkovetsky releases a new article (https://www.avenuelawfirm.com/3-types-property-law/) explaining the finer points of United States property law. The attorney lists three types: Intellectual Property Law, Personal Property Law, and Real Property Law. Attorney Zinkovetsky also elaborates on the significant differences between the three types.
Intellectual Property Law is concerned with creative works. Once a creative work is finished, it has the potential to become intellectual property once the appropriate legal procedures are followed to establish the rights. The United States Patent and Trademark Office is the primary federal agency for preserving intellectual property rights. Proper intellectual property registration ensures that only the developer of the work can capitalize on the work produced.
According to the New York real estate attorney Peter Zinkovetsky, “When you establish intellectual property, and someone else attempts to use it for profit, you have the right to file a civil claim against that party for infringement of your intellectual property rights. These cases often involve substantial damages.”
While Intellectual Property Law involves creative works, Personal Property Law involves purchased and owned items other than real property. While a home is considered real property, the electronics, furniture, decorations, etc., inside it is considered personal property. Attorney Zinkovetsky simplifies it as the items an individual can carry on their person or using a vehicle. The owner of personal property can dispose of and sell the personal property as they see fit as long as they are not violating any laws. Legal issues surrounding personal property would fall under criminal law, such as theft and fraud.
Real Property Law covers real estate, structures, and buildings. Real property can range from residential homes to office buildings and commercial properties for business purposes. A real estate agent can provide general guidance and advice about real estate transactions, but real property law can be complicated.
“When it comes to the transaction itself, you would be able to rely on your attorney for contract drafting and review, streamlining the process and helping you complete your transaction as efficiently as possible. When you want to sell real property that you own, your attorney can provide valuable services for this effort as well, helping you secure the best possible price for the property and making the transaction easier to complete overall,” adds the New York real estate lawyer.
Lastly, attorney Peter Zinkovetsky emphasizes the importance of hiring the appropriate property lawyer when dealing with a legal case involving your property. For real property matters, getting the guidance of a qualified New York real estate attorney can save precious time and money when buying or selling real estate.
About Avenue Law Firm
Peter Zinkovetsky is the founder of Avenue Law Firm. He is an experienced and highly rated New York attorney who represents local and international clients. Attorney Zinkovetsky teaches continuing education courses, writes a legal blog, has written articles for the New York Real Estate Journal, and is often invited to participate and present at conferences in the US and worldwide. His team of legal professionals at Avenue Law Firm has helped families regarding real estate matters. Call Avenue Law Firm today at (212) 729-4090 for more information on how they can help with real estate transactions.
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