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HTMLDisclosure of Ownership of UK Property
Lindsay Brown, Christopher Groves, Justine Markovitz; Withers Bergman LLP;
Legal Alert/Article
June 9, 2016, previously published on May 12, 2016
At the international anti-corruption summit today David Cameron has announced significant proposals that will affect foreign owners of UK property.

 

HTMLA Brief Summary of Landlord and Tenant Act 1987
Paul Brecknell; Withers Bergman LLP;
Legal Alert/Article
June 9, 2016, previously published on May 9, 2016
The 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...

 

HTMLRights of First Refusal under the Landlord and Tenant Act 1987
Eloise Morgan; Withers Bergman LLP;
Legal Alert/Article
June 9, 2016, previously published on May 9, 2016
Part 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...

 

HTMLRating Revaluation
Paul Brecknell; Withers Bergman LLP;
Legal Alert/Article
June 9, 2016, previously published on May 9, 2016
The 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.

 

HTMLNew Five-Year Incentive In Cook County Expands Availability Of Property Tax Relief
Zachary A. Kafitz, James B. Sarnoff; Sarnoff & Baccash;
White Paper
June 8, 2016, previously published on Fall 2014
The 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...

 

HTMLGood 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.;
Legal Alert/Article
June 6, 2016, previously published on May 12, 2016
On 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...

 

HTMLCommercial Lease in Default? Practice Pointers for Landlords and Tenants
Patrick A. Karbowski; McDonald Hopkins LLC;
Legal Alert/Article
June 2, 2016, previously published on May 23, 2016
Is 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.

 

HTMLCondo Contracts: The Need for Full Disclosure
Raul Valero; McDonald Hopkins LLC;
Legal Alert/Article
June 2, 2016, previously published on May 6, 2016
The 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...

 

HTMLIntroduction to Ontario’s Community Hubs Strategic Framework and Action Plan
Brennan M. Carroll, Webnesh Haile, Nick G. Pasquino; Borden Ladner Gervais LLP;
Legal Alert/Article
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...

 

Adobe PDFNew Law Allows Cooperatives to Perform All Activities and Prescribes Registration of Cooperative Ownership
Katarina Djuric; TSG Law Office Tomic Sindjelic Groza;
Legal Alert/Article
May 26, 2016, previously published on May 24, 2016
As 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.

 


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