How To Control Legal Costs In Commercial Real Estate Transactions

Commercial real estate clients regularly complain about legal bills, both because they think the hourly rate is too high and they say the work took too many hours. It’s a compelling demonstration of the incredible power of multiplication.

To save money, clients can put certain types of work out to bid and then hire the lowest bidder. That often doesn’t end well. Instead, a client might prefer to hire the best counsel for the job regardless of hourly rate, then try to manage the legal time and the bill. Here are a dozen suggestions .

Make Your Business Deal First. Agree on the business deal before involving counsel. That usually means creating a nonbinding term sheet to cover the important bases: economic terms and anything else (not totally “standard”) that is important

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Sales of pot are legal as of Friday

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Customers lined up for the first day of legal recreational marijuana sales in Michigan. A handful of shops started selling on Sunday. (Dec. 2)

AP Domestic

If you want to smoke pot in Maine, you can now buy it legally. 

Sales of marijuana for recreational use began Friday in the state, one of 11 that have made it legal for adults, 21 and older, to possess small amounts for non-medical purposes. Washington D.C. has also legalized the recreational use of weed.

Like in Maine, where voters gave the green light to recreational pot use in November, 2016, the time span between marijuana becoming legal and actually going on sale can be long. Legislatures often spend the interim months ironing out the details – from establishing rules for sellers, to sometimes overcoming the objections of their governors.   

Here’s when the recreational use of weed became legal in various jurisdictions, and

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Condo renos must have documents proving they’re legal when selling the suite

I’m selling my renovated condo suite and I’m being asked by a buyer for permits and records of the work done. What should I do?

Renovations are a popular way to update a tired or dated property, whether for your own enjoyment or as a way to potentially add to a property’s resale value.

It is important to know that renovating a condo is much different from renovating a detached property. Notably, condo renovations must, in many cases, be approved by a condo’s board of directors and follow the condominium corporation’s bylaws, in addition to following the municipal bylaws and provincial codes.

As you note in your question, it is not uncommon for a buyer to include a clause in the proposed agreement (offer to purchase) that the seller of a renovated condo suite warrants that all renovations were completed with the permission and required approvals of the condo board.

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EU takes legal action …

(Adds background and further details)

BRUSSELS, Oct 20 (Reuters) – The European Union’s executive said on Tuesday it was launching legal action against Cyprus and Malta over their investor citizenship programmes that are sometimes referred to as “golden passport” schemes.

The European Commission said in a statement that the decision was taken because the two member states granted nationality – and thereby EU citizenship – in exchange for a pre-determined payment or investment and without a genuine link with the country concerned.

“There cannot be a weak link in EU efforts to curb corruption and money laundering. EU passports cannot be for sale,” Values and Transparency Commissioner Vera Jourova said on Twitter after the announcement by the European Commission.

Malta, with a population of 420,000, has sought to attract foreign capital with schemes such as a cash-for-passport programme, even though the EU has highlighted the risks of this potentially attracting

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Telstra and contractor face legal action over bushfire caused by ‘probable human activity’

Two property owners are set to launch legal action against telecommunications giant Telstra and one of its contractors over a bushfire which they call a “man-made disaster” and claim left them with millions of dollars in damage.

But Telstra denies liability for the fire and has refused to pay their damages as has the contractor, forcing the bitter dispute to court.

The fire began on February 12 last year in hot and windy conditions in the tiny Queensland border town of Wallangarra.

It spread rapidly into New South Wales and burnt 44,000 hectares over 10 days.

Twenty months

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‘Passports for sale’: EU takes legal action against Cyprus and Malta

FILE PHOTO: European Union flags flutter outside the European Commission headquarters in Brussels, Belgium

BRUSSELS (Reuters) – The European Union’s executive said on Tuesday it was launching legal action against Cyprus and Malta over their investor citizenship programmes that are sometimes referred to as “golden passport” schemes.

The European Commission said in a statement that the decision was taken because the two member states granted nationality – and thereby EU citizenship – in exchange for a pre-determined payment or investment and without a genuine link with the country concerned.

“There cannot be a weak link in EU efforts to curb corruption and money laundering. EU passports cannot be for sale,” Values and Transparency Commissioner Vera Jourova said on Twitter after the announcement by the European Commission.

Malta, with a population of 420,000,

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Questionable decade-old land deal prompts political backlash, legal fight

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DE Turf prepares to host its first tournament with traffic help from the Delaware Department of Transportation.

In late-2008, with the real estate market in freefall, a land-hungry Delaware Department of Transportation purchased two parcels of rural flatland next to Del. 1 south of Dover for nearly $2.8 million. 

Ten years later, it sold the parcels for $270,000 to influential lawyer and developer John Paradee. It was a price the state says reflected a DelDOT decree that the land would never gain a direct commercial turn-on or turnoff from the adjacent highway – Delaware’s primary north-south artery.

Today, those deals and their multi-million-dollar price discrepancies are attracting controversy, manifested as political assaults on Delaware’s Democratic Party establishment just weeks before the November election.

The land sale also sits at the center of ongoing lawsuit in Delaware’s business court over DelDOT’s potential granting of accesses from Del. 1 to new

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World Class foreclosure sales canceled after Paxton legal opinion



a man wearing glasses and looking at the camera: Nate Paul is the founder of World Class Holdings, which has grown quickly since its creation in 2007 but more recently has been entangled in legal battles. [CONTRIBUTED PHOTO]


© Provided by Austin American-Statesman
Nate Paul is the founder of World Class Holdings, which has grown quickly since its creation in 2007 but more recently has been entangled in legal battles. [CONTRIBUTED PHOTO]

Austin real estate investor Nate Paul faced foreclosure on properties in Austin, Plano and San Antonio this summer from lenders seeking to collect a combined $20.5 million in delinquent debt.

But foreclosure sales of the properties scheduled for Aug. 4 didn’t take place after a rushed written legal opinion — ordered by Texas Attorney General Ken Paxton under unusual circumstances and dated Aug. 1 — rendered such sales more difficult to hold.

The American-Statesman first reported Thursday on Paxton’s Aug. 1 opinion and a scheduled Aug. 4 foreclosure sale of a Paul-controlled real estate entity based in Austin that subsequently was called off.

Paxton’s opinion came at a time potentially more opportune for Paul and his

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