MULTIPLE STRUCTURES ON ONE PARCEL A PROBLEM FOR HOME SELLERS
“We have a beautiful home with 5 acres, and there is a second smaller structure on the property. We have been trying to sell since 2008 with no bites until …
1031 EXCHANGE IS A GREAT TOOL FOR AVOIDING TAXES
With recent appreciation in real estate, we are seeing more clients interested in 1031 exchanges. These exchanges (often called “like-kind” exchanges) can be complex. But as long as you follow …
DANGERS OF A NEW HOME CONSTRUCTION CONTRACT
Since most builder contracts favor the builder, you need to read them carefully and have your attorney review the contract as well. Before you sign anything, educate yourself and …
3 DIFFERENT TYPES OF COMMERCIAL LEASES
3 Different Types of Commercial Real Estate Leases There are three basic types of commercial real estate leases. These leases are organized around two rent calculation methods: “net” and “gross.” …
WHAT IS A NOVATION AGREEMENT? NOVATION VS. ASSIGNMENT
Novating a contract Sometimes businesses enter into agreements, which they later need to give up, be it because of internal restructuring or following an asset purchase. In these types of …
TYPICAL STEPS IN AN FSBO SALE TRANSACTION
Typical Steps in an FSBO Home Sale Transaction To successfully complete the sale and legal transfer of one’s home, the following steps are generally taken: 1) The property must be …
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PENDING RENTER CRISIS
At the coronavirus pandemic’s onset in March 2020, millions of people saw cuts to their work hours, and millions more were laid off. The result of this was an inability …
ASSIGNMENT AND ASSUMPTION AGREEMENTS
The Assignment and Assumption Agreement An assignment and assumption agreement is used after a contract is signed, in order to transfer one of the contracting party’s rights and obligations to …
EXECUTOR DEED VS. ADMINISTRATIVE DEED IN MISSOURI
When dealing with the distribution of an estate after a person dies, you will likely either hear the term executor’s deed and administrator’s dee d. Both are documents designed to …