Real Estate Law
Residential Lease: More Than an Annoying Formality
November 1, 2017 Picture this: you’ve been scouring Craigslist for weeks trying to find the perfect house or apartment to rent. You finally discover one that hits all of your criteria. You contact the landlord, tour the property, fill out the application, and you think you’re ready to go to enjoy your new digs. But […]
Failure to pay Condo or HOA dues could lead to excessive penalty fees!
September 21, 2017 by Kevin Cornish Many individuals in Pennsylvania live in planned communities such as townhouses or condominiums. Association dues and assessments, as well as possible penalties and fines, are regularly due from homeowners to the association. If a homeowner fails to make payment, it could lead to liability far in excess of the […]
Tax Assessment Appeals in Bucks, Chester, Delaware and Montgomery Counties
April 11, 2017 Unfortunately, it is that time of year again…tax season. However, I’m not talking about personal income tax, but real estate tax appeals. The deadline for filing a real estate tax assessment appeal for property owners in Bucks, Chester, Delaware, and Montgomery Counties is August 1, 2017 and October 2, 2017 for property […]
Purchasing a Condominium Unit in Pennsylvania: What to Look For
March 22, 2017 By Arnold Heller Purchasing a unit in a condominium is not the same as purchasing a single family, detached house. When purchasing a newly constructed or to be constructed condominium unit in Pennsylvania, there are certain matters that purchasers should be aware of. A few of those are listed below. New Unit […]
Eminent Domain and Real Estate Valuation Basics in Pennsylvania
May 20, 2016 Most people have a general understanding of the concept of Eminent Domain. However, the knowledge that the government can take your land isn’t all that helpful when you are faced with an imminent taking of your property. Knowing the requirements for a government entity to follow in order to legally condemn property […]
Is Your Real Estate Transaction Subject to Philadelphia Real Estate Transfer Tax?
May 6, 2016 Although parties to both commercial and residential real estate transactions may find themselves burdened with yet another expense associated with the purchasing or selling of real estate in Pennsylvania, there may be relief for some.
Right of First Refusal – Don’t Take It Lightly
September 9, 2015 By Arnold Heller, Esq. It is not unusual for a landlord to grant a tenant a right of first refusal to purchase the landlord’s property if the landlord decides to sell. While this may be just the additional incentive needed to persuade a prospective tenant to sign a lease, rights of first […]
Norristown’s New Real Estate Tax Abatement Zone Could Provide A Significant Financial Incentive To Your Business
July 24, 2015 By William F. Kerr, Jr., Esq. This week, the Municipality of Norristown moved an important step closer to revitalizing the municipality’s economy when its Municipal Council approved a tax abatement program. The LERTA program now moves on for approval by Montgomery County and the Norristown Area School District, which approvals many expect will […]
When Letters of Intent are Involved in Litigation
A letter of intent (LOI) is a document which states proposed terms for a final contract. Depending upon what is written, an LOI may be categorized as “binding” or “non-binding.” This is often the threshold issue in litigation concerning letters of intent – whether or not the LOI may be considered to be a binding […]