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Articles by Eben Hansel
Navigating Transfer and Recordation Taxes in the DMV
Transfer and recordation taxes are an important and, in some cases, quite costly component of most real estate transactions in D.C., Maryland, and Virginia. The obligations and costs of these taxes differ in each jurisdiction, as do the strategies we utilize with our clients to avoid or minimize these taxes. The following summary addresses issues that are frequently asked about these taxes.
Condominium Termination: A Potential Path for Repurposing and Redeveloping Aging Condominium Buildings | JD Supra
Summary Termination has been a component of condominium law from its inception but has been pursued only in limited circumstances. It is unfamiliar ground for many associations and practitioners. This article reviews the basic mechanics of termination, identifies some common pitfalls, and discusses some broader issues related to condominium termination. The Upshot A variety of circumstances may prompt consideration of a condominium termination.
Condominium Termination: A Potential Path for Repurposing and Redeveloping Aging Condominium Buildings
The tragic collapse of the Champlain Towers in Surfside, Florida, in June 2021, was a wake-up call for owners of units in aging condominium projects throughout the country, as well as associations, property managers, state regulators, developers, lenders, and others involved in the condominium industry.
Real Estate Transactions: Consider These Safeguards During Times of Economic Uncertainty | JD Supra
Higher interest rates, inflation, and a looming recession have all had an impact on the economy at large, but they have especially roiled the real estate industry. The federal funds rate, now targeted at 4.25 and 4.5 percent, stands at a 15-year high and is certain to climb, if only at more modest increments. Inflation, continued kinks in the supply chain, and a very tight labor market have slowed down execution on projects and increased costs.
Real Estate Transactions: Consider These Safeguards During Times of Economic Uncertainty
Higher interest rates, inflation, and a looming recession have all had an impact on the economy at large, but they have especially roiled the real estate industry. The federal funds rate, now targeted at 4.25 and 4.5 percent, stands at a 15-year high and is certain to climb, if only at more modest increments. Inflation, continued kinks in the supply chain, and a very tight labor market have slowed down execution on projects and increased costs.
Recent Bankruptcy Court Case the First to Provide Pandemic-Related Rent Relief to a Tenant Under a Force Majeure Clause | JD Supra
The United States Bankruptcy Court for the Northern District of Illinois – Eastern Division recently held that a lease’s force majeure clause sustained a claim for rent abatement arising out of the COVID-19 pandemic. Both landlords and tenants are closely monitoring such cases and are very interested in how this issue will be decided by the courts. In In re Hitz Restaurant Group (2020 Bankr. LEXIS 1470 (N.D. Ill.
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