I just had an interesting discussion with a partner on the subject of the sale of exempt property in bankruptcy. We concluded that even though tenant
Sandy has created a number of difficult legal problems.
On December 5, 2012, US EPA issued a “Revised Enforcement Guidance Regarding the Treatment of Tenants under the CERCLA Bona Fide Prospective Purchaser Provision.”
The obligations of a landlord as an owner of a commercial property (i.e., office, retail, manufacturing facility, warehousedistribution facility, etc.) to repair and restore casualty damage to such property are found in two documents pertaining to the property (i) a mortgage and security agreement constituting a lien on the property when recorded in the County Clerk’s office where the property is situate and (ii) a lease between the landlord and tenant.
When negotiating a commercial lease, landlords must often determine the credibility of the proposed tenant and determine what security can be given for the tenant’s performance under the lease.
As a business transaction, a lease is a fairly simple arrangement the landlord leases space to the tenant in exchange for rent.
In the case of Tech One Associates v. Board of Property Assessment Appeals and Review of Allegheny County, et al. No. 32 WAP 2010, argued April 13, 2011 and decided April 25, 2012, the Supreme Court of Pennsylvania ruled on an appeal concerning the validity of a single unified assessment of land and the buildings of a shopping center, movie theater and restaurant located on the land, where the land is owned by one business entity and the buildings and surrounding improvements were constructed by a second business entity under a long term lease.
Clients often ask whether they are entitled to an award of attorneys’ fees in bringing or defending a particular cause of action.
What are the requirements under the Pennsylvania Landlord Tenant Act with respect to security deposits.
On October 4, 2011, Real Mex Restaurants, Inc. ("Real Mex") filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware.