COVID-19 Business and Real Estate Update Click Here for important national and state resources.
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…
Washington Gov. Jay Inslee signed a bill on April 30, 2019, updating the 2019 law that applies to subdivisions, condominiums, and cooperatives in Washington. The new law, SB 5334, will be effective on July 28, 2019, and it amends several Washington Uniform Common Interest Ownership Act (WUCIOA) provisions. (Click here to review our previous blog…
Consult an attorney before buying a business If you’re considering buying a business, chances are you’ve asked yourself the following question: What kind of attorney do I need? This is a good question. At the Horenstein Law Group, we often write in our blog about how important it is not only to ask the right…
