Category Archives: Uncategorized
DC: Income and Expense Forms Due on April 15 for Commercial & Multi-Family Properties
DC's Office of Tax and Revenue (OTR) uses the income analysis approach (among others) to determine the assessed value of commercial and multi-family real estate. It is important to remember the April 15 deadline for the filing of the appropriate income and expense form. The filing ... Read More
Maryland Property Tax Assessment Appeals
The deadline for appeals is rapidly approaching. For many properties, the date is February 9, 2015. The process is initiated by filing a Petition for Review of Real Property. ... Read More
VA Supreme Court Opinion: DRHI, Inc. v. Hanback
In DRHI, Inc. v. Hanback, The Virginia Supreme Court considered appeals in a property development dispute. The Court heard this case because it was not immediately apparent from the petitions for appeal whether this case involved a monetary judgment, a civil contempt fine, or both, in the interests of ... Read More
DCCA Affirms Economic Loss Doctrine Dismissing $5M Flooding Lawsuit
In Jose A. Aguilar, et al. v RP MRP Washington Harbour, LLC, et al., the D.C. Court of Appeals agreed with a lower court that MRP cannot be sued for negligence "where a claimant seeks to recover purely economic losses sustained as a result of an interruption ... Read More
MD: Real Estate Agents Beware of Making Referrals
In a sweeping change, the Maryland Department of Labor, Licensing, and Regulation (DLLR) issued a change that requires Maryland real estate agents, to confirm that an entity is licensed and provide a link to the government site for easy confirmation before referring clients to contractors and appraisers. Effective August ... Read More
TAGGED: contracts, Real Estate Agent, referrals
Mayor Gray Has Signed Bill Into Law Moving Electric Feeder Wires Underground
The Electric Company Infrastructure Improvement Financing Act of 2013 has been signed into law. Mayor Gray has signed a historic power line bill, B20-387: the Electric Company Infrastructure Improvement Financing Act of 2013, into law. Prompted by concerns that certain electric feeder lines are prone to damage during winds and storms, the District may finance the one billion dollar price ... Read More