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Owning property in Minneapolis opens a world of opportunities, but it also comes with important decisions. Should you lease it as a residential space or a commercial one? The choice affects more than just the type of tenant you will attract. It is about understanding...
Whether you are buying a new home or office space for your company, purchasing real estate is a significant investment. There are plenty of things that can go wrong if you do not conduct due diligence. Here are some important things to consider before signing off on...
Real estate transactions are often complex, and situations may arise where a buyer or seller wants to back out of a purchase agreement. However, canceling such an agreement isn’t straightforward. Below, we explore the circumstances under which a real estate purchase...
In Minnesota, for property damage claims involving fire, hail, wind, and other similar types of damage, to recover for the damage or loss, a suit or action must be brought within two years from when the damage or date of loss occurs (unless your policy states a...
Homeowner Associations now have a new reporting requirement. As of January 1, 2024, Associations need to start identifying the “beneficial owners” of their Associations, as defined under the Corporate Transparency Act (“CTA”) (31 U.S.C. § 5336). This new law requires certain entities or “reporting companies” to report information about the “beneficial owners,” the corporation, and company applicants to the Financial Crimes Enforcement Network of the U.S. Treasury (FinCEN).
Purchasing a piece of real estate is a significant investment that requires careful consideration and due diligence, especially when it comes to ensuring a clear and marketable title. A defective title could lead to unforeseen legal and financial consequences for a...
The purchase of a home or a piece of property may be the single biggest expenditure of your life – and the process is not guaranteed to go smoothly. Title problems can be a major headache for both sellers and buyers – and they crop up in the most unexpected ways. Here...
Net leases are a staple in commercial real estate primarily because they delineate how operating expenses are divided between the landlord and tenant. Understanding what makes net leases a go-to for many commercial property agreements is beneficial for anyone looking...
