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|US Government to Penetrate Secrecy in Manhattan, Miami Residential Transactions|
Michael W. Galligan, Marc A. Landis, Tiberio Schwartz; Phillips Nizer LLP;
January 21, 2016, previously published on January 16, 2016On January 13, 2016, the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) ordered certain title insurance companies to identify the individuals behind the purchase of residential real estate in Manhattan (New York County, New York) and Miami-Dade County,...
|New Tax Legislation Enhances Investments in U.S. Real Estate and REITs|
Carl J. Riley, Alejandro Ruiz, Robert D. Simon, Jennifer H. Weiss; Greenberg Traurig, LLP;
January 20, 2016, previously published on January 16, 2016Congress recently passed, and President Obama signed into law, the Protecting Americans from Tax Hikes Act of 2015 (the Act), in connection with funding the federal government and extending the availability of a number of expiring tax provisions. Among the many tax law provisions included within...
|Raising the Alarm for Landlords|
Withers Bergman LLP;
January 19, 2016, previously published on January 07, 2016Landlords should be aware of the changes being implemented by The Smoke and Carbon Monoxide Alarm (England) Regulations 2015 ('the Regulations'). A survey carried out by British Gas found that 59% of landlords were not aware that the Regulations were due to come into force. The Regulations came...
|Regulating Deregulation: Changes to Obtaining Possession of Assured Shorthold Tenancies|
Eloise Morgan; Withers Bergman LLP;
January 19, 2016, previously published on January 07, 2016Provisions of the Deregulation Act came into force on 1 October 2015, and have made some comprehensive changes to the procedure for obtaining possession under section 21 of the Housing Act 1988 (as amended). Serving a section 21 notice requiring possession allows landlords of Assured Shorthold...
|Minimum Energy Efficiency Standards - Watts All The Fuss About?|
Emma Horn; Withers Bergman LLP;
January 19, 2016, previously published on January 7, 2016Under the new Minimum Energy Efficiency Standards ('MEES'), landlords cannot grant a lease of a property with an energy performance certificate (EPC) rating of F or G unless all cost-effective works to improve energy efficiency have been carried out or an exemption applies. MEES applies to both...
|Online Training for Montgomery County Community Association Board Members Now Available|
Jeremy Mark Tucker; Lerch, Early & Brewer, Chartered;
January 19, 2016, previously published on January 5, 2016The Montgomery County Commission on Common Ownership Communities (CCOC) has launched a new online training program for common ownership community board members elected after January 1, 2016.
|2016 Commercial Property Tax Appeals|
Thomas J. Denitzio, John J. Reilly; Greenbaum, Rowe, Smith & Davis LLP;
January 18, 2016, previously published on January 2016Some of New Jersey’s commercial, industrial and multi-occupancy property owners have seen signs of an economic rebound, but many continue to face challenges to their bottom line precipitated by factors such as lower rental incomes and higher vacancy rates. Others may face property value...
|The Sun May Have Set on the Federal Protecting Tenants at Foreclosure Act, but in the Sunshine State it is the Dawn of a new Statutory Scheme to Protect Tenants|
Adria Maria Jensen; Shumaker, Loop & Kendrick, LLP;
January 14, 2016, previously published on Autumn 2015In May 2009, the Protecting Tenants at Foreclosure Act became federal law, one of several measures enacted through the Helping Families Save Their Homes Act. The Act or “PTFA” as it was commonly called, changed the landscape of post-foreclosure possession procedures in every state,...
|Consolidated Appropriations Act Impacts REITs, FIRPTA Requirements and Depreciation|
Thomas N. Lawson, Alan J. Tarr; Loeb & Loeb LLP;
January 8, 2016, previously published on December 2015The recently enacted Consolidated Appropriations Act, 2016 makes some significant changes that affect real estate investment trusts, Foreign Investment in Real Property Tax Act reporting and withholding requirements, and depreciation of real property.
|Rhema, LLC v. Foresite, LLC|
S. Joseph Cardile; Thomas, Thomas & Hafer LLP;
January 7, 2016, previously published on December 2015On June 27, 2011, Rhema acquired, in fee simple, 7823 Parston Drive in Prince George’s County, Maryland. Ten days earlier, John Foretia filed Articles of Organization for Ambondem, LLC. Mr. Moretia was the organizer, sole member, and resident agent of both Rhema and Ambondem. On May 10, 2013,...