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HTMLPay Your Lawyer Now, or Pay Your Lawyer (a lot more) Later (to review a residential real estate contract)
Kohrman Jackson Krantz PLL;
Legal Alert/Article
August 12, 2014, previously published on August 11, 2014
Have you heard this one? A man/woman walks into a lawyer’s office (of, course, after he/she signs a contract and closes on a deal) and asks, “Can you help me?”

 

HTMLPrime Homes Drive Housing and Economy
Withers Bergman LLP/Withers LLP;
Legal Alert/Article
August 6, 2014, previously published on August 5, 2014
At the beginning of the holiday season a press release was issued by Westminster City Council about an independent report they had commissioned into the prime residential property market in Central London. Perhaps because of the time of year this has received little publicity but findings of the...

 

HTMLThe Game Case (Pillor Denton Ltd & Others v Jervis & Others)†- Victory for Landlords
Withers Bergman LLP/Withers LLP;
Legal Alert/Article
August 6, 2014, previously published on August 4, 2014
Game Station Limited ('GAME') was the tenant of hundreds of retail properties. Rent was generally payable in advance each quarter. GAME went into administration on 26 March 2012, the day after the quarterly rent, of approximately £10 million, was due. Some stores were closed immediately but many...

 

HTMLProtecting Yourself from Property Fraud
Withers Bergman LLP/Withers LLP;
Legal Alert/Article
August 6, 2014, previously published on August 4, 2014
Property Alert is a free property-monitoring service aimed at anyone who feels their registered property could be at risk from fraud. You can register up to ten properties to be monitored and if an official search or application is received against one of the monitored properties, you will be sent...

 

HTMLRent Constant Pricing in Build-to-Suit Transactions
Wesley N. Becker; Foley & Lardner LLP;
Legal Alert/Article
August 5, 2014, previously published on August 4, 2014
A build-to-suit (BTS) project often puts the corporate real estate department in a challenging position. The project must conform to an approved budget, while also facing a very tight schedule with a series of milestones that must be met in a perfectly orchestrated fashion. To meet the Project...

 

HTMLReal Estate Tip†- Keep It in The Family?
Richard W. Smith; Bernstein Shur;
Legal Alert/Article
August 5, 2014, previously published on July 31, 2014
Using a will to give a commercial building to a loved one, a business partner or even a charitable organization is not ideal planning. Adverse tax consequences, the public probate process and operational difficulties aside, the building may not become the property of its intended owner. Example:...

 

HTMLBeware of LUST
Katherine A. Joyce; Bernstein Shur;
Legal Alert/Article
August 4, 2014, previously published on August 4, 2014
Today, we’re talking about LUSTs: Leaking Underground Storage Tanks. Not what you were expecting? Well, if you are in the market for commercial real estate, I can assure you that you will be even more disappointed if you unwittingly purchase property on which a LUST is located. Ownership of a...

 

HTMLWhen Is a Contracted Out Lease Not Contracted Out?
Withers Bergman LLP/Withers LLP;
Legal Alert/Article
August 2, 2014, previously published on July 29, 2014
A landlord and tenant may agree that the tenant of commercial premises will not have a statutory right to a renewal lease when the term comes to an end. This is called 'contracting out'. This means that where the terms of the 1954 Act have been validly excluded, the tenant will need to negotiate a...

 

HTMLJudge Allows Rudolph Friedmann’s Motion for Directed Finding
Rudolph Friedmann LLP;
Legal Alert/Article
August 2, 2014, previously published on July 24, 2014
After nearly two years of litigation in a Civil Contempt action filed by the Office of the Attorney General (the “Commonwealth”), including nine days of trial in Suffolk Superior Court, the Honorable Linda E. Giles recently dismissed all claims against Rudolph Friedmann’s client....

 

HTMLIs the Guarantee You Have Valid?
Withers Bergman LLP/Withers LLP;
Legal Alert/Article
August 2, 2014, previously published on July 29, 2014
An Authorised Guarantee Agreement (or AGA) is a guarantee by a tenant of its assignee’s performance of the tenant obligations in the lease.

 


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