California’s “Builder’s Remedy” blocks cities and counties out of compliance with certain housing laws from denying affordable housing projects based on zoning and/or planning issues. Check out this article to learn how developers are taking...
Practical Guidance has state-specific checklists providing step-by-step guidance for obtaining and reviewing owner's and lender's title insurance policies and American Land Title Association (ALTA) surveys. Use this checklist for commercial real estate...
Mortgage lenders typically require leasehold interests to be subordinate to the lender’s interests. Consequently, commercial property landlords want tenants to agree to a subordination clause so that the lease is subordinate to any existing or future mortgages...
Looking to increase cashflow and profit margin? Consider subleasing all or a portion of the leased premises to subtenants. Use this sublease agreement for commercial tenancies in Michigan. See the Related Content below for additional sublease resources. Read...
Developers and purchasers should evaluate the laws pertaining to water rights to determine whether a proposed piece of land or property suits their needs. Use this water rights checklist to identify best practices and considerations to incorporate into the planning...
Practical Guidance’s State Law Comparison Tool (SLCT) provides a way to compare laws on many topics, including our newest topic, manufactured homes. Access our SLCT and generate a quick report on manufactured home laws across multiple states! See the Related...
Title insurance companies provide a “commitment” specifying the title policy terms and conditions they will issue to an insured. A commitment assures purchasers and lenders of the future title policy they will receive for the pending real property acquisition...
The Corporate Transparency Act (CTA) and its beneficial ownership reporting requirements became effective on January 1st of this year, subjecting a wide range of entities to new Financial Crimes Enforcement Network (FinCEN) reporting requirements. Gain insight...
Title insurance companies may request an owner's affidavit when transactions involve transferring or refinancing real property. An owner’s affidavit typically contains representations and warranties by the property owner providing the title insurance...
More states, counties, and cities are establishing energy benchmarking and transparency requirements for public, commercial, and multifamily buildings to encourage energy efficiency. For example, California requires that owners of certain building types provide...
Federal, state, and local governments may take private property for public purposes through eminent domain proceedings. Eminent domain laws differ by jurisdiction and the entity acquiring the real property. Read this practice note explaining New York’s eminent...
Letters of intent lay out important terms for proposed joint ventures and are prepared prior to proceeding with full-fledged transactional documents. Check out this letter of intent template for a joint venture real estate investment between an investor partner...
Key sections of Thompson on Real Property are included in a wide variety of Practical Guidance real estate content. Click below to access a practice note on hotel purchase and sale agreements featuring links to Thompson’s discussion of representations and...
Watch a just-released video addressing important climate change issues. This new video examines how the Biden Administration’s climate change agenda affects the real estate industry on national and local levels. Watch now » Related Content Lender...
Check out this new video describing eight ways the marketplace is treating climate change as a strategic and compliance issue and its impact on real estate. Read now » Related Content Environmental Considerations in Real Estate Transactions Resource...