Question: I would like to buy a property I have listed for a seller/client for my own use, or for future resale. I do not want to buy the property to facilitate the seller’s purchase of another property. I want to own the property and do not wish to continue to market it after … Continue Reading
Co-Author: Richard Byron Peddie, Esq. Question: I manage commercial real estate. If one of our tenants doesn’t pay the tenant’s finish contractor, can the contractor collect from my client, the landlord?Answer: The Colorado Supreme Court recently agreed to review the Court of Appeals decision in the case of D.C.B. Construction v. Central City. This case is … Continue Reading
Question: I am the listing broker for a builder who put a property under contract with Buyer #1. Buyer #1 attempted to back out of the contract, claiming that his loan was not approved. My builder wants to keep Buyer #1’s earnest money and Buyer #1 objects. The builder would like to resell the property … Continue Reading
A parent’s child support payments can be modified when changes occur in the parent’s or the child’s life. Understanding when child support can change may save a parent time and money when trying to determine whether to go back to court and get support changed. Factors which are taken into consideration are: the mother’s income; … Continue Reading
Copyright 1997 Gregg A. Greenstein, Esq., Originally published in The Colorado Lawyer, May 1997 Divorce issues may impact persons other than the parties and their children. For example, parents of the parties, corporations and other third parties involved with marital assets may be affected by the divorce. This article analyzes the usage of joinder in … Continue Reading
Small Business Job Protection Act Creates New Opportunities For S Corporations I. Introduction Subtitle C of the recently enacted Small Business Job Protection Act, (H.R. 3448) (the “Act”), has liberalized the qualifications for “S corporations.” The result is an expansion of the opportunities and ways in which S corporations can be used, especially in the … Continue Reading
For most people, selecting the “right” person to take care of one’s minor children or property after death is the most agonizing feature of estate planning. This problem should not prevent you from signing a will or moving forward with other necessary estate planning, however. You need to have a will in place because the … Continue Reading
The Case For Advance Directives Advance directives have become as common as wills in estate planning. Most estate planning packages today will include both general and healthcare durable powers of attorney and a living will. Are these documents necessary for most adults or merely exploitation of the public’s fear? If one weighs the minimal … Continue Reading
Question: I am opening my own real estate company. Initially, I will be the sole broker, but over the next few months, I expect to take on associates under my license. Do I need an agency policy? Do I need an office policy manual? What other documents might I need? Answer: Agency Policy Every … Continue Reading
Co-Author: Catherine A. Hance, Esq. Question 1: A tenant gives appropriate notice to vacate a rental unit and vacates the premises in accord with that notice. When must the landlord return the security deposit to the vacating tenant? Answer 1: A landlord must, within “one month after the termination of a lease or surrender and acceptance … Continue Reading
