Terms Used In New York Laws > Public Housing > Article 13 > Title 64 - Mamaroneck Housing Authority

• Bequest: Property gifted by will.
• Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
• Devise: To gift property by will.
• Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• municipality: as used in this article , includes only a city of the second and third class, any county outside the city of New York, a village, town or that part of a town not included within the boundaries of a village. See N.Y. General Municipal Law 240
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.