Landlords may agree to reduce the required security deposit amounts over the course of the lease for non-defaulting creditworthy tenants. To allow for this reduction, burndown provisions are included in commercial leases. Check out this security deposit...

Asking for money can be an uncomfortable thing. Before SECURE 2.0, it seemed that plan administrators were obligated by fiduciary rules to at least try—maybe become demanding—when trying to correct a plan overpayment. SECURE 2.0 provided some...

In some states, landlords are legally permitted to change the locks and remove their non-paying tenants’ belongings without court intervention, but in other states, landlords must obtain a judgment before they can evict. Read this article to learn...

There are circumstances in which the IRS will consider a taxpayer’s economic hardship in determining whether the taxpayer can meet its tax burden (typically because of a deficiency assessment). This practice note discusses the process and procedures...

The COVID-19 pandemic and the resulting economic downturn have triggered unprecedented residential tenant protections at both the state and federal level. Get up to speed on this rapidly evolving area of law. READ NOW Related Content New York’s...