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The new 2010 Building Owners and Managers Association (BOMA) method for measuring office building area

14/09/2010 The Building Owners and Managers Association (BOMA) recently released a new standard for measuring an office building's rentable area.

All commissioned employees must have written agreements – AB 1396

28/11/2011 Beginning January 1, 2013, anytime an employee performing services in California is compensated by commission, there must be a contract, in writing, between the employee and employer stating precisely how such commission will be calculated and paid.

Answering when your guaranty is called

26/01/2010 You signed a guaranty.

The next Chapter (11) in buying distressed hotels: bankruptcy sales

19/05/2010 These are tough times in the hotel business.

Guarantors may be liable for a borrower's insolvency even if the loan is non-recourse

19/09/2012 The standard for real estate financing of stabilized properties over the past decade has been a non-recourse loan structure, where the lender agrees that the borrower will not have personal liability for any failure to repay the loan, provided that the borrower and a guarantor of the borrower accept liability for certain “non-recourse carve-outs.”

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Farella Braun + Martel LLP

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