A standard provision of commercial lease agreements is an agreement by the Tenant to execute estoppel certificates, and to attorn to a lender.
An estoppel certificate is a statement from the tenant to either a lender or a prospective purchaser … Read More
Generally, if a borrower is required to pay a sum certain at a specific time, the obligation is considered “debt” under the Internal Revenue Code. If the lender forgives a portion, it has “cancelled” the debt and the borrower must … Read More
Roy Kaufmann and Brian Thompson, attorneys here at Jackson & Campbell, P.C., were in The Legal Description article “Trump Victory Opens Door for Industry Changes.”… Read More
On September 22, 2016, in Parcel One Phase One Assoc.., LLP v. Museum Square Tenants Ass’n., Inc., No. 15-CV-609, the District of Columbia Court of Appeals affirmed the trial court’s grant of summary judgment in favor of the tenants’ … Read More
Individuals who are not citizens or residents of the United States, known as nonresident aliens (“NRA”), need to be aware of the United States estate and gift taxes that will be applicable to their U.S. fixed assets, for example, U.S. … Read More
The Office of Planning recommended last Friday to the Office of Zoning further revisions to the new zoning regulations that became effective on September 6, 2016 (“ZR16”). Such revisions notably include changes to measurements such as lot occupancies. The proposed … Read More
DC’s new zoning regulations – referred to as “ZR16” – become effective September 6. They are the product of a multi-year review by the Zoning Review Taskforce of the original zoning regulations enacted in 1958 and amended or updated through … Read More
James E. Babb, Tax Operations Manager for the Montgomery County Department of Finance, issued a memorandum explaining the revisions to the law concerning recordation tax, which goes into effect on September 1, 2016.
He has included 12 examples which are … Read More
In Parrish v. Federal National Mortgage Association, the Virginia Supreme Court ruled 5-2 that when a defendant raises a bona fide question of the plaintiff’s title in an unlawful detainer/ejectment action before the General District Court, that court loses subject … Read More
In a one-sentence ruling, the Court affirmed the decision of the U.S. Court of Appeals for the Eighth Circuit in Hawkins v. Community Bank of Raymore, leaving a circuit-split unresolved in its wake. In that case, PHC Development, LLC … Read More