Tag Archives: real estate

ILN Today Post

COVID-19 AND COMMERCIAL LEASING CONCERNS

While society has suffered pandemics in the past, the severity of the COVID-19 pandemic, and the effects it will have on businesses and society in general, is unprecedented in modern times. Whether courts will interpret various landlord-tenant provisions discussed below as they have traditionally interpreted them remains to be seen. Governmental intervention will certainly be necessary to blunt the adverse effects of the COVID-19 pandemic on the economy and to sustain industries which are vital to the well-being of our society. Read more…

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ILN Today Post

Force majeure lease provisions before and after the coronavirus

A force majeure (or Act of God) clause in a lease limits or eliminates liability for “an event or effect that can be neither anticipated nor controlled.” Does the coronavirus trigger the force majeure clause in your lease, and thereby offer protection from liability to both landlords and tenants? READ MORE 

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ILN Today Post

COVID-19: Butikker skal holde lukket – men hvem bærer risikoen?

For at begrænse udbredelsen af COVID-19 præsenterede regeringen i sidste uge flere tiltag, der bl.a. indebærer, at en lang række butikker, forretninger og centre skal lukke. Det gælder f.eks. shoppingcentre, barer, restauranter og andre butikker og alle steder, hvor mennesker kommer i tæt kontakt med hinanden. Det er således en væsentlig del af erhvervslejemål i Danmark, som bliver berørt af indgrebene – men er det udlejer eller lejer, der bærer risikoen for regeringens indgreb? Og hvad betyder indgrebet for lejers og udlejers kontraktmæssige stilling? Bliv klogere på lovgivningen her. Read more…

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ILN Today Post

CORONAVIRUS: ANSPRÜCHE IM MIETRECHT

An Corona trifft weder den Vermieter noch den Mieter ein Verschulden. An gesetzlichen oder behördlichen Anordnungen in diesem Zusammenhang auch nicht. Liegt daher aus rechtlicher Sicht ein sogenannter „Zufall“ vor, woran sich für Vermieter und Mieter bestimmte Rechtsfolgen ableiten lassen? Nach der Rechtsprechung trägt der Vermieter das Risiko für alle auf Zufall beruhenden Umstände in seiner Sphäre, die den Ausfall oder eine wesentliche Einschränkung der Benutzung des Bestandobjekts zur Folge haben (zB Ausfall der Heizung aufgrund eines Gebrechens beim Gasversorger). Wenn dies vorliegt, dann hat der Mieter Anspruch auf Minderung des Mietzinses. Ist dagegen der Mieter aus einem Zufall in seiner Sphäre verhindert (zB aufgrund eines Unfalles), das Bestandobjekt zu gebrauchen, obwohl es benutzbar ist, so hat er den Mietzins dennoch zu bezahlen. in diesem Zusammenhang ist als „Zufall“ jeder Umstand anzusehen, der trotz gehöriger Sorgfalt nicht abwendbar, somit nicht einem der Vertragspartner als Verschulden anlastbar ist. Read more…

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Fourth Release of “Buying & Selling Real Estate: An International Guide”

Our Real Estate Specialty Group announced today the fourth release of its publication, “Buying & Selling Real Estate: An International Guide.” This collaborative electronic guide offers a summary of key real estate law principles in almost 30 jurisdictions across the globe, serving as a quick, practical reference for those buying & selling real estate in these jurisdictions.

We’re so pleased to offer the fourth edition of our guide, which builds on our previous efforts. We have expanded the guide by six jurisdictions, including Colombia, Hungary, India, Norway, Panama, and Singapore. The group has also updated the guide with the latest figures and regulations for their countries. It’s a practical and valuable resource for firms and companies with multinational real estate needs.

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ILN Today Post

Unlocking Hidden Tax Savings Through Real Estate Tax Abatements

Benjamin Franklin stated, “…in this world nothing can be said to be certain, except death and taxes.” But that doesn’t mean that the taxes levied can’t be challenged.

It is a common misconception that tax abatements are only available when new structures are being built. In fact, owners and users of existing properties, such as offices, warehouses, retail shopping outlets, hotels, nursing homes and multi-family residential units, also have the opportunity to achieve substantial tax refunds or savings through the abatement process. Similar opportunities exist for the reduction of personal property taxes levied upon equipment and other items used in operating businesses and real estate. Many people also do not realize that real estate tax abatements can be achieved by tenants who pay more than one-half of the annual tax levy.

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ILN Today Post

RCCB promoted Timothy Levy to Partner and Michael Goldberg to Counsel

Royer Cooper Cohen Braunfeld LLC (RCCB), a law firm offering a distinctive combination of practical business acumen, legal expertise and entrepreneurial passion, today announced the promotion of Timothy Levy to Partner and Michael Goldberg to Counsel. Tim and Michael both reside in the firm’s Conshohocken office. The promotions were effective as of January 1, 2019.

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ILN Announces Third Edition of “Buying & Selling Real Estate: An International Guide”

The International Lawyers Network’s Real Estate Specialty Group announces the third release of its publication, “Buying & Selling Real Estate: An International Guide.” This collaborative electronic guide offers a summary of key real estate law principles in 21 jurisdictions across the globe, serving as a quick, practical reference for those buying & selling real estate in these jurisdictions.

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Hall & Wilcox boosts property practice with new appointment

Leading independent business law firm Hall & Wilcox has boosted its property transactions practice and its government and public sector capability with Jane Baddeley joining the Property and projects team as a partner in the firm’s Melbourne office.

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ILN Today Post

NAV is coming… 10 questions you should know the answer to

Since the start of the year there have been new laws in place regulating tax audits and tax lawsuits. The stakes are pretty high: the National Tax and Customs Administration (NAV) conducts almost 30,000 audits annually, assessing tax deficiencies of about HUF 500 billion and imposing fines of almost the same amount. Therefore it is important to know the rights taxpayers have under the new rules and the most efficient ways to fight NAV.

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