The family home will be most American’s biggest investment. However, many individuals and businesses engage in buying commercial property. The purchase of commercial property involves the same concepts as residential property, but there are often different issues. And while some will close a home sale without an attorney, it is misguided to assume one does not need an attorney for commercial property purchases, particularly ones involving large amounts of financing. According real estate veterans, these six tips can help headaches or even financial ruin:
Real estate investments can be risky, particularly when it is for property outside the United States. Serial scammer Andris Pukke and others have now been charged with swindling more than $100 million out of American investors for property located in Belize. According to the Federal Trade Commission, this is the largest overseas scam that it has ever investigated and shut down.
Commercial tenants in Ohio enjoy many of the same rights as residential tenants. But really, it breaks down to the lease contract that both sides sign to determine what those rights and obligations are. Experts agree, it is always crucial to go over important contracts with a lawyer, particularly one with real estate law experience if a business is looking to rent a new commercial space. Not only can a lawyer point out any loopholes or other issues a landlord may use to their advantage, they can help negotiate the lease to ensure that it is binding in a court of law.
Everyone has their own strengths and weaknesses. While people may not like to think about their weaknesses, it can be important to do so. It can especially be so when starting a small business.
Home equity can come in extremely handy for keeping you financially afloat during retirement or long-term illness. However, it should not be regarded as an ATM to be emptied whenever you feel like it.
You’ve come up with a great business idea and you’ve made the decision to make this idea into a startup. What you do next matters greatly.
Admittedly, there are lots of law firms that dot Ohio's landscape. And like Mockensturm Ltd., some of them devote their primary attention to more than one practice area.
It was recently reported in the New York Times that 64 million Americans live in multigenerational households, which is double the number it was 50 years ago. The reasons for doing this are many, including saving on the cost of care for the young and elderly and the rising cost of real estate. Of course, there is unique chance of the elderly and young to share time together, creating special memories that grandchildren will have for a lifetime.
The Supreme Court overturned a decision by Colorado’s Civil Rights Commission, ruling 7-2 that it violated the free exercise of rights by a Christian baker. The baker and owner of Masterpiece Cake Shop refused to bake a cake for a gay couple getting married in Massachusetts.
On Wednesday, the class-action lawsuit that was brought by several Ohio municipalities challenging the state’s ability to collect local taxes has been struck down by a Franklin County judge. The lawsuit, filed by over 100 municipalities, challenged a recent law passed by Gov. John Kashich that grants the State of Ohio the power to collect local business tax. The judge’s ruling is a victory for businesses and the conservative state Congress. For Ohio municipalities, it is a significant blow.