Purchasing a Business that Includes Real Estate 0:59, December 21, 2020

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Category: Real Estate

By John D. Belkin, Garfield & Hecht, P.C. When buying a business, the transaction typically includes real estate in some form.  Examples of the real estate could be a building, a parking lot for customers or a lease.  Typically, the real estate is not the basis of the transaction, but rather of consequence because of […]

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By Kelcey C. Nichols, Garfield & Hecht, P.C. In Colorado, “residential land” has generally been taxed at a significantly lower rate then “vacant land”. In 2020, the Residential Assessment Rate was 7.15%. In contrast, the assessment rate for “vacant land” was 29%, more than three times higher. In the last few years, the Colorado Court […]

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Right of First Refusal What is a “ROFR”?  The acronym stands for “Right of First Refusal.”  It is an option to purchase real property exercisable by the holder of the ROFR upon an offer to purchase a property made to a Seller by a third party that Seller is willing to accept.  People often confuse […]

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