Disclosure of Disability Access Compliance in Commercial Property Leases in Effect January 2017
Beginning January 1, 2017, revisions to current California law will expand the disclosure requirements and the responsibilities of landlords and rights of tenants regarding the compliance of commercial real property with disability access laws. We encourage all of our existing and prospective clients to discuss the new law with us if...
New Affordable Housing and Local Hiring Requirements for Developers a result of ‘Build Better LA’ Initiative being Approved
Build Better L.A. initiative recently approved by voters establishes new labor and affordable-housing requirements for developers in Los Angeles seeking discretionary approvals for residential projects
Who Does it Apply to?
The Initiative applies to all residential housing projects with ten or more units needing a discreti...
New Jersey Condominium Act Decision to Determine Voting Rights of Investor Owners
A recent New Jersey case was called upon to determine whether investor’s who purchase condominiums through a Limited Liability Company (LLC) retain their voting rights. The recent case, 275 Prospect Equities, LLC v. Prospect Towers Association, Inc., in which the New Jersey Superior Court Chancery Division was called upon to interp...
What you should know about ALTA 13-06 Leasehold Owner’s Policy Endorsement
We have carefully evaluated the ALTA 13-06 Leasehold Owner’s Policy Endorsement on our work on several recent transactions. The endorsement covers a broad range of leases, however, in its current form the endorsement does not always protect the true value of the leasehold interest. For example, if a property to be insured is partic...