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|Some Interesting Statistics Out of NIC on Resident Needs for Assistance|
Lowndes Drosdick Doster Kantor Reed Professional Association;
December 26, 2014, previously published on October 9, 2014While attending the NIC Conference in Chicago last week, we had the chance to hear a number of really interesting panels covering a wide swath of issues in the Senior Housing industry. The breakout session entitled “Evolution of Consumer Choice in Seniors Housing; Opportunities and...
|Condominium Associations’ Rights are Expanded Against Developers|
James S. Singer; Rudolph Friedmann LLP;
December 26, 2014, previously published on November 20, 2014In a case of first impression, the Massachusetts Supreme Judicial Court expanded the rights of condominium associations to recover for damage for the negligent construction of common areas of a condominium development. The case is Wyman et al. v. Ayer Properties, LLC.
|Real Estate Tip: Risky Risk Allocation|
Richard W. Smith; Bernstein Shur;
December 19, 2014, previously published on November 13, 2014Landlords and tenants spend a good deal of time deciding how to share risk, how to insure against it, and whether or not to provide indemnities with respect to it. When the leased premises is a place of public accommodation, one risk is whether the physical aspects of the location are in compliance...
|Withdrawal of the Bill that Modify the Appraisal of Properties in Panama|
December 18, 2014The prices of the properties increased almost 5 times since the beginning of the “boom”. This increase has not been yet registered, in most the cases, in the Panama official record of real estate entity, named Cadastral and Heritage Assets Directorate. This cause that a group of...
|Parliament Green Lights Deregulation of Italian Commercial Property Leases|
Francesca Tresoldi, Matteo Troni; Jones Day;
December 16, 2014, previously published on November 2014Effective November 12, 2014, the Italian Parliament has approved with amendments Law Decree no. 133/2014 ("Sblocca Italia"), through the enactment of Conversion Law no. 164/2014 (the "Conversion Law").
|Real Estate in an IRA? Not So Fast.|
George F. Bearup; Smith Haughey Rice & Roegge, P.C.;
December 12, 2014, previously published on November 19, 2014These days a real estate investment trust (REIT) is a “hot” investment to hold in a retirement account. But before you jump to the conclusion that any real estate is an acceptable investment to hold in your IRA, think twice. Investors often purchase real estate using their IRA funds at...
|Retail Leasing: Can The Landlord Force Your Store to Open on Thanksgiving?|
Kohrman Jackson Krantz PLL;
December 10, 2014, previously published on November 24, 2014With the Thanksgiving holiday only a few days away, we’ve been hearing news stories about which stores will open on Thanksgiving Day and which will remain closed. Every year there seems to be contest as to which stores can get the earliest jump on the shopping frenzy known as “Black...
|CFPB Continues Crackdown on Real Estate Kickbacks|
Steven L. Owen; Foster, Swift, Collins & Smith, P.C.;
December 8, 2014, previously published on November 25, 2014Referrals are common in the real estate industry. Brokers and builders refer clients to mortgage lenders. Lenders refer clients to title companies. And so on. The real estate referral ecosystem is critical to moving real estate transactions along efficiently and effectively. Most clients need...
|Collection Actions Gone Awry: Michigan Court of Appeals Upholds Attorney’s Fee Award against Plaintiff for “Frivolous” Collection Efforts|
Patricia J. Scott; Foster, Swift, Collins & Smith, P.C.;
December 8, 2014, previously published on November 25, 2014A lesson that many plaintiffs learn - the hard way - is that winning a judgment in a lawsuit is not the end of the battle. In many ways it’s just the beginning. The judgment simply gives license to pursue recovery of damages. And obtaining recovery can often be as, if not more, difficult than...
|New Law Expands Property Tax “Uncapping” Exemptions for Family Cottage Transfers|
Benjamin J. Price; Foster, Swift, Collins & Smith, P.C.;
December 8, 2014, previously published on November 25, 2014The cottage - it’s a place where memories are made, special events are hosted, and traditions are sustained for many Michigan families. One of the challenges families often face, however, is keeping the family cottage in the family, as it is not always feasible to do so from a financial...