Happy Holidays to all. We are still hopeful that Santa brings everyone some relief from rent control and other multifamily restrictions (we heard that the new BEPS Regulations preclude Santa from leaving coal for legislators...more
1/3/2024
/ Comment Period ,
Condominiums ,
Federal Trade Commission (FTC) ,
Fees ,
Housing Market ,
Landlords ,
Multi-Family Development ,
Rent ,
Rent Control ,
Rent Stabilization Codes ,
Rental Property ,
Right of First Refusal ,
Tenants
As a follow-up to our prior alert, we wanted to provide an update to legislative activities in the region:
New Prince George’s County Updated Rent Control FAQs. We continue to receive many questions regarding the...more
Summary -
Termination has been a component of condominium law from its inception but has been pursued only in limited circumstances. It is unfamiliar ground for many associations and practitioners. This article reviews the...more
At its public hearing on September 22, 2022, the Council of the District of Columbia (D.C. Council) will consider new legislation on condominium warranty claims in the District. The pending bill is known as the Condominium...more
The DC Council has proposed legislation that would dramatically increase developers’ exposure for condominium warranty liability and could impact developers’ financial ability to finance, develop, and construct condominiums....more
The DC City Council has proposed two bills intended to make it easier for condominium associations and unit owners to pursue warranty claims against developers and obtain release of warranty funds....more
2/27/2020
/ City Councils ,
Condominiums ,
Construction Defects ,
Construction Disputes ,
Construction Project ,
Land Developers ,
Legislative Agendas ,
Proposed Legislation ,
Real Estate Development ,
Regulatory Agenda ,
State and Local Government ,
Warranties
President Obama signed the Housing Opportunity Through Modernization Act (H.R. 3700) into law on July 29. Title III of the Act will significantly modify Federal Housing Administration (FHA) condominium mortgage insurance...more
8/9/2016
/ Condominiums ,
Fannie Mae ,
Federal Housing Administration (FHA) ,
Freddie Mac ,
HUD ,
Mortgage Insurance ,
Mortgages ,
New Legislation ,
Popular ,
Real Estate Development ,
Real Estate Market
Ballard Spahr’s mixed-use, condominium, and multifamily lawyers are pleased to provide this newsletter to keep you apprised of important developments and trends in real estate law in Maryland, Virginia, and Washington, D.C....more
7/12/2016
/ Condominiums ,
Construction Defects ,
Construction Industry ,
Construction Project ,
Disclosure Requirements ,
Dispute Resolution ,
Fees ,
First Time Homebuyers ,
Homeowners Association (HOA) ,
Land Transfer Taxes ,
Mixed-Use Zoning ,
New Legislation ,
Public Projects ,
Real Estate Development ,
Real Estate Market ,
Realty Transfer Taxes ,
Recordation Taxes ,
Resales Agreements ,
Security Deposits ,
Sewer Systems ,
Statute of Limitations ,
Tax Sales ,
Tenants ,
Utilities Sector ,
Vertical Restraints ,
Warranties ,
Zoning Laws
The circumstances under which a condominium or homeowners association (HOA) lien for unpaid assessments may wipe out a lender’s mortgage lien continues to evolve across the country. As noted in our previous alerts regarding...more
8/3/2015
/ Bank of America ,
Condominiums ,
Fannie Mae ,
FHFA ,
Foreclosure ,
Freddie Mac ,
Homeowners Association (HOA) ,
HUD ,
Liens ,
Mortgages ,
Preemption ,
Residential Property Owners
As discussed in Ballard Spahr’s previous alert sent on September 24, 2014, effective March 25, 2015, the sale of condominium units will no longer be subject to the registration requirements of the Interstate Land Sales Full...more
The sale of condominium units will no longer be subject to the registration requirements of the Interstate Land Sales Full Disclosure Act (the ILSFDA) under a bill passed by both houses of Congress. Barring a veto, the new...more
A recent decision by the District of Columbia Court of Appeals brings into renewed focus the tension between condominium/homeowner associations and lenders when it comes to payment of delinquent association assessment...more
A recent decision by the District of Columbia Court of Appeals brings into renewed focus the tension between condominium and homeowner associations and lenders when it comes to payment of delinquent association assessment...more
A New Jersey judge earlier this year dismissed a construction defect complaint by a condominium association against the developer and contractor, finding that the lawsuit was filed outside the state’s six-year statute of...more
A recent Nevada Supreme Court decision suggests that community association common areas may be subject to property tax based upon the value of common area improvements, even if the underlying land is effectively valueless...more