Throughout the nation, businesses and real estate owners are facing financial challenges due to coronavirus. If the businesses aren't closed altogether, they may have fewer customers and lower profits, if any. And there are the additional out-of-pocket costs associated with combating COVID-19. In some instances, business interruption insurance or contract risk allocation language may provide relief from COVID-19 financial losses.
Read MoreAt every real estate closing, the buyer pays for the real property, and title changes hands, but some real estate closings require many additional documents.
Read MoreDuring 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 MoreAcquiring commercial real estate is a lot like an orchestra in that purchasing real estate consists of purchasing many more assets than meets the eye. When you buy commercial real estate, you know you are getting the land and buildings. Yet, as with an orchestra, there are leases, contracts, personal property and intellectual property, which also may be part of a real estate acquisition.
Read MoreAlthough I would like to say I donate to the arts for arts’ sake, when deciding how much to donate to the arts, I consider which level of donor benefits I might use. Some people donate to receive free tote bags or other promotional items. Others may like seeing their name printed in a program or posted on a donor wall. Likewise, it probably is the desire to obtain US permanent resident status, rather than an altruistic desire to create U.S. jobs, which motivates immigrant investors under the EB-5 visa program.
Read MoreThe conductor asked each first violinist to swap his/her violin with one of the second violinists’ instruments. The conductor then had the students play with the borrowed violins. This raises an interesting legal question: If one of a first violinist’s expensive instruments had been damaged, who would be responsible to pay for the repairs? A similar question currently is in front of courts where real estate owners have brought trespass suits against the developer of Pokémon Go.
Read MoreMusicians need to practice their instruments, both to learn music and to hone their craft. For those living next door, even professional musicians’ practice may not be “music to the ears.” As a result, it is not unheard of for professional musicians to find themselves in disputes with neighbors or landlords.
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