A contract between contractors or project managers and subcontractors is known as a subcontractor agreement. This contract legally solidifies the terms between the two parties and helps ensure that the terms are honored by both sides. On their part, subcontractors should review the agreement and confirm specifics to ensure protection from unfair risk. In general, […]
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A short sale, also known as a pre-foreclosure sale, is an option to prevent foreclosure on a home. Before deciding whether a short sale is a right option for you, it is necessary to speak to an attorney to understand all alternatives available to you. If you are unable to make the monthly mortgage payments […]
In Maryland, the construction process is largely smooth. However, there can be problems even with the most well-organized construction projects. Many parties are involved in construction projects, ranging from contractors and subcontractors to property owners. With so many parties involved, the circumstances are ripe for disagreements. In addition, a substantial amount of money is involved […]
Businesses will find themselves in an uncertain and challenging environment after the worst of the coronavirus pandemic is over. It is almost certain that the world will change in an unforeseen manner. In fact, the COVID-19 pandemic is being compared to the Great Depression with regards to its potential impact on the economy. There are […]
In the two major metro markets in Maryland, the real estate sector started strong. Unfortunately, the COVID-19 pandemic led to unprecedented lockdown orders. MarketStats data indicates that in Washington and Baltimore metro regions, the highest median March sales prices peaked at the highest amounts in the past ten years. However, by the end of the […]
The ongoing Covid-19 crisis has created challenges for both landlords and renters pertaining to managing their finances. If you are a landlord, you may be wondering whether you have a legal obligation to waive your tenant’s rent if they express their inability to pay this month or the next citing coronavirus related economic disruption. To […]
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A unique situation confronts general contractors and builders in terms of risk management. The law holds them liable to the owners for the actions and omissions on the part of their subcontractors. Therefore, it is vital for you to take the appropriate steps to protect yourself and your company as you work on job sites […]
Finding the right buyer for your home is not an easy task. It requires a lot of time, planning, and effort on your part. The good news is that residential properties all over the country have increased in value since the Great Recession. So, the effort you put in can help you earn a decent […]
When you sell a real estate property in Maryland, you are required by law to make certain disclosures about its physical condition to the buyer. There are statutes in place which require you to disclose what are called ‘latent defects’ to the buyer. Failing to do so can open you up to lawsuits from the […]
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