Legal Updates, Real Estate Updates
In commercial real estate transactions, a letter of intent (an “LOI”) establishes the framework to negotiate a formal agreement. As the quasi-deal before the “real” deal, an LOI can be important in determining the positioning and disposition of the parties, as well...
Legal Updates, Real Estate Updates
Many residential real estate investors at some point wonder whether an investment property that was previously the investor’s residence or is later converted into the investor’s residence can qualify for a 1031 exchange. The two recent Tax Court cases of Adams v....
Legal Updates, Real Estate Updates
Under the legal doctrine of merger, as codified in California Civil Code section 805 and California Civil Code section 811, the owner of an estate in land cannot also hold an easement in the same land. The rationale behind the two statutes is that holding an...
Legal Updates, Real Estate Updates
According to a recent survey conducted by the National Association of Realtors, for the 12-month period ending with March 2012, international buyers (“Foreign Nationals”) invested $82.5 billion in U.S. residential real estate, which equates to about 4.8% of total U.S....
Legal Updates, Real Estate Updates
Beginning July 1, 2013, all owners of non-residential commercial buildings with a total gross floor area of over 50,000 square feet shall be required to disclose the building’s energy usage information in the following circumstances: (1) A prospective buyer of...
