Earnest Money Going “Hard”
What Does Earnest Money Going “Hard” mean? What does the phrase Earnest Money Going “Hard” mean? This webcast explains when to use this phrase and when not to use it.
Rent Control
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
Protect Your Buyers from FIRPTA
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
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
Calculating Child Support in Colorado
What You Should Know About Child Support Calculations in Colorado.
Closing Protection Letters
Closing Letters What the heck is a closing protection Letter?
Fraud and Contracts Concerning Real Property
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
Noncompete Agreements and the Inevitable Disclosure Doctrine
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
If I sign an oil and gas lease, how long will it last?
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
Choose Your Moving Company Wisely
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