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The point of buying something new is that it is pristine and fully functioning. This expectation goes for residential and commercial real property as well. However, problems known as construction defects can arise, leading to unexpected headaches and expenses and...
Disputes between commercial landlords and tenants can be complex, with significant financial implications. They also can be disruptive to conducting business and harm a professional reputation. While they may be unfortunate in commercial leasing, the problem can be...
They say that "you can't fight city hall," but this is not true, particularly concerning eminent domain disputes. Government entities use the eminent domain legal process when they perceive the need to buy privately owned property for public use. Generally, reasons...
Anyone who has ever worked with a builder or contractor on a rehab project, remodel or new build knows that building projects have hurdles to clear. The challenges often become exponentially more complicated when they involve a multi-million-dollar commercial space,...
Contractors provide a wide range of services to property owners. Few construction projects are completed without some hiccups, but there are times when the owners unhappy with the work will file a lawsuit, perhaps using a construction defect claim. While not every...
Contingencies are a standard part of any valid contract, and ones involving commercial real estate transactions are no different. They address concerns over unnecessary risks and provide peace of mind if the buyer or seller spots a red flag that is either a...
There is much discussion about the cost of buying a new home right now. Once bolstered by low-interest rates, property values went up. Those values have come down just a bit, but high-interest rates are driving up costs, so payments for the same loan are up to 80%...
Anyone who has bought a home knows that the seller and the buyer rarely agree on the price. But the banks often put their foot down, providing loans only for the appraisal price. It can be a few thousand dollars in the residential market, but the gaps can be much more...
The Tyson Corporation faces a lien foreclosure on its Hillshire distribution center in Pottsville. It follows another lien filed against Tyson's poultry processing plant in Tennessee. The lien in Pennsylvania was filed by Primus Builders, which helped build the...
Those who breach a contract often leave the other non-breaching party in a difficult position. It can involve financial loss, liability or other complications. However, if the contract had a specific performance clause included in a valid contract, the breaching party...