Insights
Ohio Real Estate Law
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November 16, 2015
Mortgage Releases: New Ohio Law Expands Requirement of Mortgage Lenders to Timely File Releases to Cover Commercial Mortgages
Under prior Ohio law, the requirement that a lender holding a mortgage lien had to timely file a release evidencing its satisfaction or face penalties
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November 9, 2015
Oil and Gas Leases Are Title Transactions Under Ohio Dormant Mineral Act
lease that grants oil and gas rights to another party and was recorded with the county recorder is a title transaction under the state’s Dormant Mineral Act
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November 2, 2015
When a Mortgage Covers More Than One Property
When packaging several properties into one mortgage loan, the lender often files one mortgage that covers all the properties.
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October 26, 2015
IF A CONTINGENCY CLAUSE DOESN’T FIT; SIMPLY ALTER IT.
What is the moral of this story? Instead of walking away from a contingent deal, if the contingency clause doesn’t fit; simply alter it.
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October 19, 2015
Before Renovating or Demolishing Your Building, Don’t Forget To Investigate The Presence Of Asbestos
When you mention the word ‘asbestos’ many people think of the late night commercials run by law firms regarding mesothelioma.
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October 12, 2015
Lease Option or Installment Sale; what is the Economic Reality of your Transaction?
The basic tax question is whether or not the IRS will assume a sale occurred before the tenant actually exercises the option to purchase.
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October 5, 2015
County Land Banks in Ohio: Tackling Abandoned Property One Parcel At A Time
A structure, often a house in a struggling residential neighborhood, stands empty, abandoned by its titled owners and steadily deteriorating year by year.
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September 28, 2015
Ohio Assembly Enacts Shift in Receivership Environment after Six Decades of Inactivity
The current amendment to R.C. §2735 in House Bill 9 (“H.B. 9”) codifies certain best practices that are familiar in Cuyahoga County without restraining
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September 21, 2015
Ohio Supreme Court Upholds NEORSD’s Stormwater Management Program
Commercial properties, health care facilities and multi-family projects are some the properties that will be the hardest hit by this decision
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September 14, 2015
Recent Real Estate Legislation Introduced in the Ohio Legislature
Recent bills of the 131st General Assembly (See https://www.legislature.ohio.gov/) pending in the Ohio House and Ohio Senate related to real property are