Can I get arrested for unknowingly cashing a bad check? Yes, even though you say it was “unknowingly,” if there is evidence you knew, or at least reasonably suspected, that the check would bounce. But… → Read More
What are the penalties for paying payroll taxes late? The Internal Revenue Service (IRS) is very strict about payroll tax deposits. All business should strive to submit payroll tax payments on time. Penalities and fines apply if businesses fail to make timely payroll tax deposits. Business owners or other employees who are in charge of collection, accounting, and payment of payroll taxes may also be penalized by the IRS if they are found to have intentionally failed to deposit payroll taxes. → Read More
Understanding the Basics of Shopping Center Leases Shopping center leases are a private contract between individuals, which means that there is no one set way that the contracts work. The person leasing the space in the shopping center and the landlord who has the space to rent out are able to negotiate the terms of the agreement amongst themselves. However, while each individual agreement has its own characteristics and nuances, there are some commonalities in the way the contracts are usually organized. → Read More
Stopping the Use of a Residential Driveway for Commercial Purposes If you are in a situation where you own a residential property, with a designated residential driveway, that others are using for commercial purposes, you have legal recourse to stop them. How to do so will depend on the specifics of the situation. → Read More
Property Classified As Commercial Real Estate The term commercial real estate is a broad term. It generally refers to any property other than a single family home or a residential lot in a neighborhood. If real estate makes money, is rented out, is for investments, or falls into a number of other categories other than being a private residence, it can be considered commercial real estate. → Read More
What is the meaning of the term “build-out”? I have heard the term ‘build-out.’ what does it mean? → Read More
Property Damage from Natural Disasters Prior to Closing In most states, if your contract does not cover damage to the property from things like fire, hail, flood or wind, the risk of loss is on the seller. In other words, if the building is damaged by fire before the closing, the buyer can cancel the purchase unless the seller restores the building to its prior condition. → Read More
Licensed and Bonded Contractors: What It Means and Why Hire A license is required to do any sort of skilled labor on another person’s home or property; a bonded contractor has purchased a surety bond which is a type of insurance policy that protects a property owner. Not hiring a licensed and bonded contractor means that your unlicensed contractor is most likely breaking the law by working without a license and not complying with other laws including permit requirements and inspection requirements. → Read More
Construction Delays: How to Protect Your Rights When you enter into a building project, it is important to have a construction contract that outlines a deadline for completion and a contract that specifies what is to occur in the event of a delay. While the court may consider a delay in performance a material breach of a construction agreement in certain instances even if the contract does not specify a completion date, it is a far better option to use the terms of your construction agreement to protect yourself. → Read More
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