The Impact of Economic Cycles on Real Estate Investments
In macroeconomics, the economic cycle refers to a repeating sequence of economic events: expansion, peak, contraction, and trough. The expansion and peak represent the economic “good times,” while the contraction and trough make up an economic downturn or recession.
Economic cycles can significantly affect the real estate market. They...
Collecting Unpaid Condo Fees: Legal Options for Homeowner Associations
The financial health and stability of a condominium complex rely heavily on the timely payment of fees by all unit owners. When some owners fail to fulfill their obligations, it can lead to a cascade of problems that threaten the well-being of the entire community. Unpaid condo fees not only strain the...
Potentially Problematic Assets in Estate Planning
Estate planning includes preparing legal documents outlining what happens to a person’s property after their death. When preparing an estate plan, a person may focus on determining what to do with property, such as cash, vehicles, or jewelry. However, many people own assets that can present unique challenges during estate planning. Here’s...
Starting a New Business? What Entity Is Right for You?
When you decide to start a new business, one of the first decisions you and any partners must make concerns your choice of legal entity. This process has significant tax implications and can seem daunting to a first-time entrepreneur.
You can structure your new business in multiple ways,...
The Path to U.S. Citizenship: Understanding Naturalization
In a recent fiscal year, 878,500 people who arrived in the United States from other countries took the oath and became naturalized citizens. This represents the culmination of achieving the American Dream for many immigrants. However, a foreign national wanting to assume the rights and responsibilities of U.S. citizenship must pass...
Signing a New Lease for Your Business? Beware of These Clauses
When negotiating a new commercial lease for your business, you may focus on terms like the rental price and the length of the lease. However, commercial leases frequently include the following clauses that can impose unexpected financial burdens on your business.
Triple-Net LeasesIn...
How Long Does Probate Take?
Following the death of a loved one, you may be facing a number of challenges with settling their affairs. The probate process may be one of the most intimidating hurdles you’ll have to clear. This process involves thoroughly accounting for and valuing the decedent’s assets, settling debts with creditors, determining tax...
Real Estate Appraisals: What Buyers and Sellers Should Know
Whether you are buying or selling a piece of real estate, obtaining an appraisal is one of the most critical steps in the process. In the absence of it, neither party will know the true value of the property. This means that the buyer might pay too much money and the seller...
Commercial Property Valuations: Methods and Market Trends
Understanding how the market value of commercial property is determined helps both parties during contract and price negotiations. Regardless of the purposes for which you intend to use the property, it’s essential that you have an understanding of the most commonly used valuation methods. An experienced attorney can explain more about the...
From “I Do” to “I Don’t”: Navigating Spousal Support during Divorce in Middlesex
Spousal support, also called alimony, is one of several items that divorcing spouses must resolve. They can either do so on their own through mediation or can allow the judge to make a decision. Regardless, both spouses want to make sure they get the best possible outcome. Having a seasoned family...