COVID-19 Business and Real Estate Update Click Here for important national and state resources.
Commercial Property Pitfalls – No Recovery without Harm Just because a commercial lease requires the tenant to maintain a parking lot, does not mean the tenant always has to maintain the parking lot – especially if the failure to do so does not cause any harm. Here’s an example of lease terms not being met,…
Business Property Insurance and Understanding Your Commercial Lease You understand your business, your customers’ needs and how to provide your customers with the most quality service and products. However, understanding the property insurance provisions in your commercial lease is just as important for your business and plays a significant role in protecting your business’ assets…
Just last week, the Washington Supreme Court issued a decision in recognizing that options to purchase real estate must be exercised on time, on or before the deadline. This is a long-standing and strictly enforced rule. In Borton & Sons, Inc. v. Burbank Properties, LLC, though, the Court provided additional information about the long-standing but…
Now that the law and policy changes related to the pandemic have slowed a little, we have all returned to a new – albeit temporary – normal for business and real estate operations. With this blog, we hope to keep you informed on the newest, most relevant COVID-19 information. Business and real estate recovery efforts…
As the COVID-19 curve appears to be flatting somewhat, people are starting to think about and plan for coronavirus recovery and how to return to work. The basic outlines of plans are starting to take shape. As we hear details, we will post them here. FEDERAL The White House published a three-phased Opening Up America…
April 6, 2020 By: Natalya Belonozhko Coronavirus (COVID-19) and governments’ orders to close non-essential businesses in Oregon and Washington have impacted businesses’ ability to operate in their leased spaces and pay rent under their commercial leases. Force Majeure Clause Most commercial leases include a force majeure clause. A force majeure clause provides for the parties’…
In addition to the CARES Act, the Family Medical Leave Act, unemployment, and tax guidance we have collected the following additional nationwide business resources: What federal government agencies are doing in response to COVID-19 CDC Interim Guidance for Businesses and Employers and environmental cleaning guidance Online health self-assessment, Providence – telemedicine visit. Washington COVID-19…
Evictions, Foreclosures, & Forbearance 80% of jobs lost to coronavirus recession were blue collar jobs, so we’re seeing the biggest impact in inability to pay in residential rentals and commercial rents and mortgages of non-essential businesses that cannot or do not provide take-out services. Construction companies are eligible for the PPP loans under the CARES…
Happy New Year to all from HLG! As we start into a new year and new decade, we want to advise you as to an increase in real estate excise tax (REET) paid upon closing real estate transactions. For larger transactions this increase is substantial. Clark County Treasurer, Alisha Topper, has provided us the following…
By: Maren Calvert As the year ends and homeowners’ associations and condo associations work to pass their budgets for the next year, please note: Under recent legislation, associations are required to give residential owners the opportunity to reject every proposed budget. A failure to provide this opportunity to will mean the budget is VOID. The…
