News & Analysis as of

Rental Property

HUD Secretary States: RAD – “We need to lift the cap”

by Ballard Spahr LLP on

At the National Housing Conference 2017 Annual Policy Symposium on June 9, 2017, HUD Secretary Ben Carson delivered the keynote address and participated in a Q&A session with Chris Estes, President and CEO of NHC. While much...more

Reducción de impuesto a las ventas sobre la renta comercial en Florida

El estado de Florida aplicó un impuesto a las ventas sobre la renta comercial desde 1969. En la actualidad, el impuesto tiene una tasa del 6 por ciento en cada condado, excepto en Miami-Dade, que fija una tasa del 7 por...more

Often Overlooked Sublease Issues For Office Tenants

by Liskow & Lewis on

With oil prices still far below their highs of a few years ago, many energy companies—some of which expanded rapidly when oil was north of $100 a barrel—now find themselves with more office space than they can reasonably use...more

Florida Sales Tax on Commercial Rents Reduced

The State of Florida has imposed a sales tax on commercial rents since 1969. Currently, the tax is imposed at the rate of 6 percent in every county except Miami-Dade which fixes the rate at 7 percent by reason of an add-on...more

What Tools Do Cities Need to Regulate Short-term Rentals?

by Best Best & Krieger LLP on

Beach to ski town and every city in between, it’s easier than ever to book vacation rentals. Today, travelers and homeowners are directly connected through the home-sharing websites Airbnb, VRBO, HomeAway, FlipKey, and...more

European Real Estate Finance: Recent developments

by White & Case LLP on

As part of our periodic updates, we will provide you with an overview of recent developments of relevance to participants in the real estate finance market and who may have an interest in the jurisdictions in which we have...more

Avoid Legal Pitfalls Selling Minnesota Multifamily Properties

by Hellmuth & Johnson PLLC on

Whether you are new to selling rental proper­ty or deal exclusively in rental property, this article offers two examples of state and local laws that apply dif­ferently to sellers depending on the number of rental units at...more

West Coast Real Estate Update - May 2017 - #2

by Holland & Knight LLP on

Federal Court Upholds Termination of Navy Lease Bid Due to Environmental Concerns - In Open Spirit, LLC v. United States, No. 15-370C (Fed. Cl. filed April 28, 2017), the U.S. Court of Federal Claims upheld the...more

Your Daily Dose of Financial News

by Robins Kaplan LLP on

Coach is looking to appeal to a younger generation (hint, big sales running nearly all the time would help), and it’s decided that buying is the way to go, announcing yesterday that it’s snapping up Kate Spade for $2.4...more

Renting Your House out Online? Better Check the Zoning Ordinance First

Property owners should take care to review local ordinances before listing their homes and apartments as vacation rentals online. Over the past few years, the use of websites like Airbnb, VRBO and HomeAway, which allow users...more

West Coast Real Estate Update - May 2017 #1

by Holland & Knight LLP on

New Arizona Law Aims to Prevent "Drive-By" ADA Lawsuits - Arizona recently enacted a new law that gives businesses and property owners a 90-day grace period to fix alleged disability-access violations without paying...more

West Coast Real Estate Update - April 2017 #2

by Holland & Knight LLP on

California Assembly Member Proposes Bill to Limit Abuse of Service Animal Accommodations - As dogs have transitioned from children's backyard playmates to must-have accessories while their owners are shopping or dining,...more

Second Department Reverses Trial Court: Cottage is not a Nonconforming Use

by Farrell Fritz, P.C. on

On April 5, 2017, in an Article 78 proceeding, Tavano v. Zoning Board of Appeals of the Town of Patterson, 2017 NY Slip Op 02661, the Second Department reversed a trial court decision and reinstated a decision of the Zoning...more

New 421-a Legislation

The recently adopted state budget bill included the long-awaited revisions to the 421-a program. These amendments to the Real Property Law, dubbed the “Affordable New York Housing Program,” provide partial exemptions from...more

Airbnb Taxation

by Moskowitz LLP on

In only 10 years, Airbnb has developed into a $31 billion industry with offices worldwide. To date, more than 100 million guests have shunned expensive hotels during their travels and instead choose the online booking service...more

Renting is Not a Sale After Importation

by Jones Day on

On April 3, 2017, the Commission issued a Notice in Certain Semiconductor Devices, Semiconductor Device Packages, and Products Containing the Same, Inv. No. 337-TA-1010 determining not to review Judge Lord’s finding of no...more

California Residential Leases: Ten Things to Know (Part 2)

by McManis Faulkner on

Renting a house or apartment in California presents many potential legal pitfalls for tenants and landlords alike. This article is Part 2 of a two-part series listing ten important rights and responsibilities every...more

Land Use and Environmental Pitfalls for Realtors- Includes Exclusive Power Point Presentation

by Farrell Fritz, P.C. on

On February 20, 2017, our colleagues blogged about Ader v. Guzman, 135 AD3d 668 [2d Dept. 2016] and a guidance letter subsequently issued by the NYS Department of State (NYSDOS). At issue was the responsibility of a real...more

Solving the Problem of the Unchecked Rise of Short-Term Rentals

by Best Best & Krieger LLP on

The Internet has created innovative inroads into traditional vacation lodging. Websites like Airbnb, VRBO and Flipkey provide vacationers with affordable lodging in prime locations, furnished with all the comforts of a home....more

Wiener’s Streamlined Infill Housing Approvals Legislation Continues to Move Forward

We reported in December that State Senator Scott Wiener marked his first day in state office by introducing legislation (SB 35) to address barriers to housing production. Senator Wiener has introduced amendments to SB 35 that...more

OTA & Travel Distribution Update - Feb. 24th, 2017

by Garvey Schubert Barer on

This week’s client OTA & Travel Distribution Update for the week ending February 24, 2017 is below. Several interesting OTA stories this week, including an update on another Seattle-based travel distribution company, Utrip....more

Avoiding the perils of joint investments in real property - A case study of Cheong Woon Weng v Cheong Kok Leong [2016] SGHC 263

by Dentons on

Often, joint investments in real property present potential pitfalls, especially if the parties are closely related to each other and dispense with the formalities of proper records, which may often be the case. In this...more

Buy-to-let mortgages – The new regulatory regime

by Dentons on

Buy-to-let mortgages have until recently escaped "conduct of business" regulation in the UK. Since March 2016 the FCA's regulatory perimeter has broadened to include some regulation of buy-to-let mortgages, although it is...more

Real News - Winter 2016/2017

by DLA Piper on

Welcome to the winter 2016/2017 edition of Real News, DLA Piper’s quarterly real estate publication. This edition is a quick review of 2016 and a look forward to what 2017 may bring into the real estate world. I look...more

Limitations on Community Association Approval or Denial of Service Member Rental Applications

Effective July 1, 2016, § 83.683, Florida Statutes, requires landlords, condominium associations, cooperative associations and homeowners associations to process rental applications submitted by service members within seven...more

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