Tag Archives: washington dc

End of the Calendar Year: A Good Time to Confirm Compliance Issues for Businesses

Corporations, limited liability companies (LLCs), and other business entities are certainly aware of the need to make certain end of year decisions for income tax purposes, but it also is a good time to perform a business audit for possible state, local, and personal property tax return deadlines. It is also advisable for businesses to review other corporate compliance issues, such... Read More >

Consider Carefully The New Certification Required Under The Revised D.C. FP7

The D.C. Recorder of Deeds announced today that it has revised the Real Property Recordation and Transfer Tax Form FP 7/C (herein “FP7C”). The purpose of this revision was to “contain a self-certification of compliance with tax payment, per DC Code § 42-407(2).” That statute, reprinted below, says that D.C. shall not record if any Transfer... Read More >

DC: Proposed Laws Challenge the Airbnb Model

Vincent Orange, Councilmember of the D.C. Counsel has introduced two bills that would directly challenge the Airbnb business model. The “Short Term Rental Regulation and Housing Protection Amendment Act of 2015” would establish a Special Enforcement Division with DCRA to regulate the industry, monitor compliance by the housing providers and... Read More >

DC Economic Interest Purchase Money-Recordation Tax

DC Expands Exemptions for Recordation Tax on D/T’s Association with Deeds of Economic Interest While it has long been the practice and law that deeds of trust filed simultaneously with the acquisition of real estate are exempt from recordation tax, the exemption was limited to interests in real estate. Since a Deed... Read More >

DC: Home Seller is not a merchant under CPPA; Buyer’s Claim of Withholding Information fails – no detrimental

In Sundberg v. TTR Realty, Buyers entered into a contract to purchase a home and alleged that, after the contract was signed, but before closing,  the Seller and his real estate agent and brokerage withheld information and provided false information about construction that was to occur across the street. Buyers further allege... Read More >

DC: Defect in notice of foreclosure did not create substantial risk of misleading record owner

 In Dennis T. Comer v. Wells Fargo Bank, NA, No. 13-CV-1025 (D.C. Jan. 29, 2015), the D.C. Court of Appeals was called upon to review whether the trial court had properly dismissed counts of an amended complaint in connection with a wrongful disclosure In 2008, Mr. Comer was approved for... Read More >

DC: Filing a lis pendens may expose filer to claim if the underlying lawsuit was filed in bad faith

In Havilah Real Property Services, LLC v. VLK, LLC, et al., the D.C Court of Appeals recently addressed the merits of litigation and the privilege associated with the recordation of lis pendens in a lengthy dispute between Havilah and VLK that was directly related to a personal dispute between... Read More >