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Results: 1-10 of 126

(US) is your letter of intent binding in Maryland? It might be

  • Reed Smith LLP
  • -
  • USA
  • -
  • April 22 2015

You may want to use caution in drafting a Letter of Intent because a court may find it binding even if that was not your intent. On January 27, 2015

Financing contingencies and earnest money deposits: if I can't get my loan, I get my deposit back, right?

  • Reed Smith LLP
  • -
  • USA
  • -
  • February 22 2012

Real estate purchasers whose contract permits the return of the earnest money deposit if financing cannot be obtained must be extremely careful in how this contingency is worded in the purchase contract, or a purchaser may get an unwelcome surprise, and be forced to forfeit the earnest money when financing cannot be obtained

(US) unamicable split: inherited real property and the Texas forced sale statute

  • Reed Smith LLP
  • -
  • USA
  • -
  • January 28 2015

When multiple people inherit an interest in real property, each is responsible for their share of the ad valorem taxes of the property. What happens

Bona fide purchasers protected from trustee action

  • Reed Smith LLP
  • -
  • USA
  • -
  • April 27 2009

The U.S. Court of Appeals for the Ninth Circuit has held that a bankruptcy trustee could not avoid an unauthorized sale of real estate to a bona fide purchaser although the proceeds of the sale did belong to the estate

Ohio 7th district Court of Appeals provides much needed clarity on Dormant Mineral Act

  • Reed Smith LLP
  • -
  • USA
  • -
  • April 16 2014

On April 8, 2014, the Court of Appeals for the Seventh District of the State of Ohio issued its opinion in the matter of Walker v. Noon

Junior lien holder bankruptcy stays foreclosure by senior lien holder

  • Reed Smith LLP
  • -
  • USA
  • -
  • April 27 2009

A bankruptcy filing by a property owner may not be the only action that prevents foreclosure of a security interest in that property held by a secured creditor

Replacement lien in rents in favor of secured creditor is not adequate protection where the debtor has no equity cushion

  • Reed Smith LLP
  • -
  • USA
  • -
  • March 22 2011

The debtor, the developer of a retail shopping center, executed: (i) a mortgage securing the property, and (ii) an assignment of all rents from the property, in favor of its lender

Secured lender took sufficient affirmative action to effect the assignment of rents

  • Reed Smith LLP
  • -
  • USA
  • -
  • December 19 2011

The debtor executed a mortgage and assignment of rents in favor of the lender

Landlord’s corner

  • Reed Smith LLP
  • -
  • USA
  • -
  • September 13 2010

In this edition of the Landlord's Corner, we review various cases that address the (i) rights of landlords to recover their property post-rejection, (ii) whether payments pursuant to a termination of lease agreement constitute preferential transfers and (iii) whether a lease could be retroactively rejected in the absence of a formal motion to reject

Landlord's liability to pay rates following disclaimer

  • Reed Smith LLP
  • -
  • Canada, United Kingdom
  • -
  • July 21 2014

We have just had a reminder that a landlord's obligation to pay rates can arise when it has the legal right to take possession even though it is