Boulder Rent Control Boulder and rent control have an interesting history, and past efforts to impose rent control in the city directly contributed to a statewide response from the Colorado Legislature. In 1980, the City of Boulder passed a citizen initiative to impose rent control in existing buildings that would have capped and tightly regulated … Continue Reading
FIRPTA: Foreign Investment in Real Property Tax Act The federal Foreign Investment in Real Property Tax Act (“FIRPTA”) generally obligates any person who buys U.S. real estate from a foreign person to escrow 15% of the purchase price from the seller to motivate the foreign seller to file a U.S. tax return. A buyer who … Continue Reading
Property Specific Deed Exceptions. This webcast walks you through an example where this distinction between a general exception deed and a property specific exception deed makes a difference and explains why most Colorado title companies initially prepare a deed form that is inconsistent with the Colorado Real Estate Commission contract. 2/23/18: Property Specific Deed Exceptions. … Continue Reading
What You Should Know About Child Support Calculations in Colorado.
Are You Paying Alimony to Your Ex-Spouse? Get Ready for a Huge Tax Increase When the New Tax Cut Law Takes Effect Republicans in Congress, commentators and President Trump often repeat that the middle class will all benefit from the new tax cut law.  From a family law perspective, that is simply not accurate. … Continue Reading
The “Statute of Frauds” and Contracts Concerning Real Property Every grant or assignment of an existing trust in lands, goods, or things in action must be in writing and subscribed by the party making it or his agent lawfully authorized. If it is not in a proper writing, it is void under Colorado law. Likewise, … Continue Reading
The Use of the Inevitable Disclosure Doctrine to “Backdoor” a Noncompete Agreement in Colorado. Noncompete agreements in Colorado are generally disfavored. In fact, pursuant to statute, noncompete agreements are only supposed to be enforceable in a few limited circumstances. Specifically, noncompete agreements are supposed to be void ab initio (a fancy way of saying void … Continue Reading
Why is the Duration of an Oil and Gas Lease Confusing? The duration of an oil and gas lease is the cause of a lot of confusion – and for good reason. An oil and gas lease contains two ‘terms,’ a primary term and a secondary term. If the lease carries over from primary term … Continue Reading
Lawyers get many questions from buyers, sellers and real estate brokers during a real estate transaction and afterwards. Recently, I received questions from a homeowner about a moving company that brought up issues most people do not think of when moving. In my scenario that I have altered to protect the family, a family was … Continue Reading
Why Buyers need Title Review. 12/7/17: Why Buyers need Title Review. This webcast explores what false reasoning people might use to rationalize not using a lawyer to review the title when they purchase real estate.