ENTITLEMENTS DURING COVID-19 7:46, April 30, 2020

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Author: Kursten Canada

ENTITLEMENTS DURING COVID-19 By Kursten Canada, Garfield & Hecht, P.C. Critical components of a real estate project are land use and development approvals, otherwise known as “entitlements.” Financial markets are in flux and many governmental agencies are operating a skeleton crew, at best. Public hearings and project meetings may be conducted virtually or simply cancelled. […]

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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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Effective for all dispositions on and after February 16, 2016:  Recent changes to the Foreign Investment in Real Property Tax Act (FIRPTA) have increased the withholding tax rate on the sale of a U.S. real property interest from 10% across the board to the following tiered approach: Sales Price of $300,000 or less:  If the […]

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