Meet the Co-chairs - TAGLAW
Real Estate / TAG Property (J)
Contact: Bruce Gorman; Berdon LLP (New York, New York, USA)
The deadline for filing RPIE (Real Property Income and Expense) forms for 2013 has been pushed up to June 2, 2014 from September 1. For future years, the deadline will be June 1. This form is required for all income producing properties within New York City with a value of over $40,000.
Contact: Antony Morris; Contact: Clarkslegal LLP (Reading, England - TAGLaw)
It is common for tenants of multiple occupancy buildings to complain about the level of their service charges. Some are lucky enough to have been able to negotiate a fixed or capped service charge, but in many cases tenants feel they are at the mercy of their landlord or managing agent when it comes to service charges. In modern buildings these can often constitute a significant proportion of the costs of occupation.
This Update discusses the analysis that a Wisconsin lender should undertake to determine if it should take an assignment of a developer's agreement as part of a deed-in-lieu of foreclosure transaction.
The Small Business Administration (SBA) 504 Loan Program provides an alternative to conventional financing for small businesses that may have issues qualifying for a traditional loan. SBA 504 Loans provide long-term financing for the acquisition or refinance of major fixed assets, such as owner-occupied real estate and long-term machinery and equipment. Though a slightly more involved and complex process than a conventional loan, this program provides small businesses the opportunity to receive up to 90% financing from outside sources. There are three instrumental players to the SBA 504 Loans: the borrower, the lender and the certified development company (CDC). The typical structure of a SBA 504 loan is 10% down by the Borrower, 40% financing from the CDC and 50% financing from a certified Lender