During the time between the end of the due diligence inspection period and the closing, parties to a real estate transaction prepare for the closing, but they also must be sure that unexpected developments don't derail the transaction.
Read MoreOn September 24, 2019, the IRS issued Revenue Procedure 2019-38, which provides a safe harbor under which income from rental real estate will be qualified business income under Section 199A.
Read MoreMost real estate purchase contracts include a due diligence inspection period. Although there are certain inspections which every buyer should conduct, others will depend upon the age, location, and use of the property and the buyer's plans.
Read MoreThe pre-contract period, when the parties negotiate contract terms and may share information is the important first stage in a real estate transaction.
Read MoreReal estate transactions can be broken into seven standard parts. Despite this, each transaction is as different as the parcel of real estate being purchased.
Read MoreJulian Altman stole a Stradivarius violin and "hid" it in plain sight as he performed on it for nearly 50 years. Fraud in real estate transactions also has moved out of the shadows and into plain view as fraudsters impersonate transaction parties.
Read MoreNew York and other major metropolitan areas have had rent control laws for decades. Now some state legislatures are taking more control over the landlord-tenant relationship by passing state-wide rent control laws.
Read MoreContractually shortened statutes of limitations are becoming more popular in real estate contracts to provide certainty and finality for the parties.
Read MoreSeparate classes in a limited liability company can be created to comprise a unified equity financing structure, which can increase the stability of a business or investment.
Read MoreSometimes parties need to legally backdate a document. However, even legal backdating can have negative consequences.
Read More