Commercial leases can become problematic when tenants or landlords experience difficulties. This can include personal mishaps, technical or mechanical failures, natural disasters, health-related issues, or public service failures. In the event of recessions, these difficulties and financial troubles will likely become more frequent.
Commercial landlord-tenant laws are a mix of property law, contract law, and other common law and statutory jurisprudence. These laws outline the landlord’s and business tenants’ rights and responsibilities. Landlords have the right to collect rent as long as their obligations as landlords are met. The pandemic changed the rules in some regions. This post will touch on several important areas, including the lease agreement, the parties, deposits, repairs, discrimination and fair-housing laws, lease assignments, and termination.
What is Eminent Domain?
Eminent domain is the term for the power of the government to seize private property for public use, with just compensation provided to the property owner. This power is limited by the Fifth Amendment of the U.S. Constitution, which states that private property cannot be taken for public use without just compensation. The government exercises eminent domain to acquire land for purposes such as building highways, public schools, or other public infrastructure projects.
Ventura County is home to over 100,000 acres of irrigated farmland and over two thousand farming operations, producing billions of servings of fruits and vegetables. This fertile area is known around the world for its optimal agriculture. But recently, California has been hit by record-breaking rain and snow, putting our crops at high risk.
Gaining business acquisitions requires experience and special skills. It is not an entry-level endeavor. To start, a buyer needs to identify potential targets that fit the buyer’s criteria. This requires researching businesses in an industry or geographic area or looking through a list of specific businesses that are known to be available. Once potential acquisitions have been identified, with due diligence, the buyer will evaluate the business’s financial and operational performance and its legal and regulatory compliance. This involves reviewing financial statements, contracts, customer lists, intellectual property, and other relevant information.
When preparing a shareholder or a buy-sell agreement, it is important to have an experienced attorney to guide you through the process. Having an attorney that specializes in corporate law can make the process of drafting these agreements much easier, as well as protect you from any legal complications. In this blog post, we will discuss five reasons why you need an attorney to help you draft shareholder and buy-sell agreements.
Under California law, local governments are allowed to levy property taxes on real estate assets such as land, buildings, and other structures. Local officials use various factors, such as the size and condition of the property, its location, and its current market value, to assess the property’s value. They then base the property tax on this assessed value. You can challenge that assessment, as discussed in this post
Business law is the body of law that controls the rights, relations, obligations, and conduct of individuals and entities engaged in commercial activities, including corporations, partnerships, and sole proprietorships. The primary function of business law is to specify rules and regulations that protect the interests of the parties involved in business transactions, including customers, employees, suppliers, shareholders, and other owners.
Real estate partnerships are no different from any business partnership in that things can go wrong for a variety of reasons. These reasons can include poor communication, misaligned objectives, financial difficulties, and changes in circumstances. Open communication can solve many problems, but if it is determined that the situation requires significant action, an in-person meeting focused on key issues may help to find a resolution. If things are past that point, action may need to include a partnership dissolution. This blog contains some things to consider.
The goal of an asset protection trust is to protect your assets from creditors and lawsuits. A trustee (your choice of associates in your circle or yourself) will manage the assets for the benefit of the trust’s beneficiaries. The manager is under a special fiduciary duty and must account for all spending decisions. They must operate without conflicts.