The District of Columbia is implementing certain new regulations and has also enacted new legislation that will likely result in a reduction in expected investment returns and create overly burdensome government oversight...more
In the wake of COVID-19, commercial landlords are facing unprecedented challenges as they strive to mitigate new risks while maintaining the rapport they have built in their professional communities and with their tenants. ...more
On May 5, 2020, the Council of the District of Columbia unanimously passed the “Coronavirus Omnibus Emergency Amendment Act of 2020” (Bill 23-750) with amendments (the Act). This legislation is one of several that have...more
COVID-19 is having a significant impact on the business operations of both commercial landlords and tenants and their ability to fulfill lease obligations. As a result, many landlords and tenants are reviewing leases to...more
Recording Office Closures-
The Coronavirus epidemic has caused multiple recording office closures. ALTA has been continuously updating the operating status of the various recording jurisdictions on its site, which you may...more
Until the COVID-19 (new coronavirus) pandemic, the term force majeure was one not readily recognized outside of legal circles. Now, in light of the rapid spread of this disease and its ensuing consequences, businesses are...more
As with all businesses and markets globally, the real estate industry is facing unprecedented disruption, uncertainty and challenge resulting from the novel coronavirus (COVID-19).
This advisory offers practical insight...more
The cost of a real estate transaction in the District of Columbia is set to increase significantly after the DC Council unanimously approved a substantial increase in the transfer and recordation taxes charged in connection...more