When a neighbor gives you the opportunity to purchase their land, it’s incredibly exciting. It may be your chance to add an extension to your home, build your dream home, or plant the garden you’ve always had planned in your mind. However, just like purchasing property from family members, buying land from a neighbor can […]
If you plan on leasing a commercial property, you may have heard the terms “triple-net lease” and “NNN lease.” These are interchangeable terms that refer to a specific type of lease that is popular among both commercial landlords and their tenants. However, this type of lease has a unique structure and specific terms that can […]
Real estate transactions between relatives offer a number of benefits to both buyer and seller. They know they can trust the person they are dealing with and can often cut out unnecessary middlemen that inflate the sale price of the property. However, the same trust that makes these transactions a little bit easier can also […]
When most people decide to sell their homes, they opt to work with a real estate agent to streamline the process and protect their best interests. However, some choose a different route—by selling their home privately, they avoid paying commissions to real estate agents on both sides. This may be beneficial to some, but it […]
When the sale of a property goes off without a hitch, it is a relief for everyone involved. Whether you are buying or selling, a lot can go wrong in any transaction. This is particularly true with private real estate sales, such as transactions that take place between family members, friends, acquaintances, or any other […]
Owning your own home is a major accomplishment, but it’s not always easy. You’ve heard the saying that good fences make good neighbors, and there’s a lot of truth to that. When boundaries are blurred, and ownership is unclear, neighborly relations often fall apart. If you and your neighbor are in disagreement over property boundaries, […]
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, […]
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 […]
