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|Disclosure of Ownership of UK Property|
Lindsay Brown, Christopher Groves, Justine Markovitz; Withers Bergman LLP;
June 9, 2016, previously published on May 12, 2016At the international anti-corruption summit today David Cameron has announced significant proposals that will affect foreign owners of UK property.
|A Brief Summary of Landlord and Tenant Act 1987|
Paul Brecknell; Withers Bergman LLP;
June 9, 2016, previously published on May 9, 2016The Landlord and Tenant Act 1987 provides that any landlord wishing to dispose of his interest in a building containing two or more flats must first offer its interest to the 'qualifying tenants' ie, broadly speaking, the tenants with long leases. If the landlord fails to do so, he will be...
|Rights of First Refusal under the Landlord and Tenant Act 1987|
Eloise Morgan; Withers Bergman LLP;
June 9, 2016, previously published on May 9, 2016Part 1 of the Landlord and Tenant Act 1987 applies to premises which consist of the whole of or part of a building. It provides that any landlord wishing to dispose of his interest in a building containing two or more flats must first offer the interest to 'qualifying tenants'. If the tenants do...
Paul Brecknell; Withers Bergman LLP;
June 9, 2016, previously published on May 9, 2016The Valuation Office Agency ('VOA') is recalculating business rates. The new rates will be payable from 1 April 2017, based on rents in 1 April 2015.
|New Five-Year Incentive In Cook County Expands Availability Of Property Tax Relief|
Zachary A. Kafitz, James B. Sarnoff; Sarnoff & Baccash;
June 8, 2016, previously published on Fall 2014The Class 7c Incentive or Commercial Urban Relief Eligibility (¿CURE¿) is a new five-year commercial property tax Incentive in Cook County that is targeted to help commercial property owners throughout the County by reducing a property¿s tax burden by essentially 60% for three years; 40% in year 4...
|Good News on “Bad Boy” Guarantees - IRS Reverts to Prior Position in Recent Legal Advice Memorandum|
Daniel O. Gaquin, Sohail Itani, Jeffrey A. Moerdler, Abraham A. Reshtick; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.;
June 6, 2016, previously published on May 12, 2016On April 15, 2016, the IRS released a generic legal advice memorandum (GLAM 2016-001) (the “April GLAM”) addressing the impact of so-called “bad boy” guarantees (also known as nonrecourse carve-out guarantees) on the characterization of underlying partnership debt as...
|Commercial Lease in Default? Practice Pointers for Landlords and Tenants|
Patrick A. Karbowski; McDonald Hopkins LLC;
June 2, 2016, previously published on May 23, 2016Is your commercial lease in default? Is a default looming on the horizon? Here are some practice pointers for landlords and tenants when it looks like a default is looming... or has arrived.
|Condo Contracts: The Need for Full Disclosure|
Raul Valero; McDonald Hopkins LLC;
June 2, 2016, previously published on May 6, 2016The real estate market in South Florida is ever changing, especially the condominium market. The speed in which properties develop is dictated by supply and demand. Some areas of South Florida are experiencing a flurry of development. As a result, litigation has also increased, and questionable...
|Introduction to Ontario’s Community Hubs Strategic Framework and Action Plan|
Brennan M. Carroll, Webnesh Haile, Nick G. Pasquino; Borden Ladner Gervais LLP;
May 26, 2016, previously published on April 22, 2016 The concept of multiple organizations sharing space and resources is not a new one. Since 2015, however, the Ontario government has expressed a new dedication to fostering these collaborations as a key element of the cost-efficient and effective delivery of services to Ontario's diverse...
|New Law Allows Cooperatives to Perform All
Activities and Prescribes Registration of
Katarina Djuric; TSG Law Office Tomic Sindjelic Groza;
May 26, 2016, previously published on May 24, 2016As of January next year, cooperatives and cooperative societies will be able to perform not only the current activities (typical of farmers’, agricultural, housing, student & youth cooperatives), but also all other activities not prohibited by the law.