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|Amendments to Philadelphia’s Realty Transfer Tax Will Have a Significant Impact|
Kevin S. Blanton, Jonathan R. Flora; Schnader Harrison Segal & Lewis LLP;
January 12, 2017, previously published on December 2016Recent amendments to Philadelphia’s realty transfer tax will likely change the way commercial real estate is bought and sold. Rather than sell the real estate directly and record a traditional deed to evidence the transaction, it is common practice to sell ownership interests in the company...
|2017 Commercial Property Tax Appeals|
Thomas J. Denitzio, John J. Reilly; Greenbaum, Rowe, Smith & Davis LLP;
January 12, 2017, previously published on January 2017The assessments on which real estate taxes are based can be challenged if inappropriate. Property owners who wish to consider an appeal of their 2017 property tax assessment have a limited window of time to act.
|New Flexible Real Estate Investment Vehicle in Belgium|
Matthieu Duplat, Howard Liebman, Valerie Oyen, David Roger, Laurent Vercauteren; Jones Day;
January 10, 2017, previously published on December 2016The Brexit decision has raised questions as to whether London's role as the financial capital of Europe may be altered and therefore open the way for other European cities to reposition themselves as financial centers. In this context, the Belgian government has tackled the issue of attracting more...
FCPA - Changes to Ontario's Corporate Record-Keeping Requirements and
Corporate Forfeiture Regime |
Alan M. Sless; Borden Ladner Gervais LLP;
January 6, 2017, previously published on December 20, 2016On December 10, 2016, the Forfeited Corporate Property Act, 2015 ("FCPA") came into force in Ontario. The FCPA has the effect of amending the Ontario Business Corporations Act ("OBCA") and the Corporations Act. There are also similar amendments made to the Ontario Not-for-Profit...
|South Carolina Court of Appeals Rules on Jury Trials and Class Action Waivers in Master Deeds|
William Chase McNair, Cheryl D. Shoun; Nexsen Pruet, LLC;
January 5, 2017, previously published on December 19, 2016The South Carolina Court of Appeals has offered insight into its opinion on the issue of whether a developer may contractually create and enforce jury trial and class action waivers in a master deed. The Court’s position is good news for developers and those who represent them.[i]
Changes to Laws Affecting Real Estate|
Matthew D. Alegi, Sarah D. Cline, Danielle M. Dolch, David M. Kochanski, Marc D. Lipman; Shulman, Rogers, Gandal, Pordy & Ecker, P.A.;
January 5, 2017, previously published on December 21, 2016In recent alerts, we discussed some of the new laws passed by the Maryland Legislature that became effective on October 1, 2016. We have reviewed the significant changes to Agency Law, and also discussed the need for sellers to disclose private Front Foot Benefit Charges prior to finalizing a...
|The Rise of Shared Work Spaces: Tips for the Unwary|
Jennifer Sacco Smith, Geoffrey H. Smith; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.;
January 5, 2017, previously published on December 7, 2016Co-working centers and shared office space arrangements have exploded onto the commercial real estate scene recently and offer attractive alternatives for many small businesses, early stage start-ups, incubators and freelancers to more traditional long-term office leases or work-from-home...
|Ontario Passes New Legislation to Allow Municipalities to Introduce Inclusionary Zoning|
Isaac Tang; Borden Ladner Gervais LLP;
January 4, 2017, previously published on December 14, 2016On December 8, 2016, the Ontario Legislature passed Bill 7, Promoting Affordable Housing Act, 2016. Bill 7 is intended to help address affordable housing issues in Ontario by allowing municipalities to require affordable housing units to be provided in new development projects.
Improved Funding Options for Community Hubs|
Brennan M. Carroll; Borden Ladner Gervais LLP;
January 3, 2017, previously published on December 7, 2016One year after the Province of Ontario (the "Province") released its report entitled Community Hubs in Ontario: A Strategic Framework and Action Plan, Premier Wynne's Community Hubs Framework Advisory Group released a progress update highlighting, among other things, expanded and improved...
|SC Court of Appeals Curbs Personal Representative Fee|
R. Bruce Wallace; Nexsen Pruet, LLC;
January 3, 2017, previously published on December 5, 2016The South Carolina Court of Appeals recently handed down the decision of In Re: Estate of Marion M. Kay, Op. No. 5414 (S.C.Ct.App. Withdrawn, Substituted and Refiled Nov. 2, 2016) (Shearouse Adv.Sh. No. 42 at 28). In Kay, the Court decided an appeal arising out of the administration of an estate...