Real Estate and Construction

Real Estate Tax Exemption Issue Muddied Again

On December 23, 2014, the Commonwealth Court of Pennsylvania logged another frustrating mile down the confused and confusing road of property tax exemption for purely public charities.  In Fayette Resources, Inc. v. Fayette County Board of Assessment Appeals, the Court overturned a lower court finding that an operator of group homes for intellectually disabled adults… Read More

Investment Condominium Act 2014

INTRODUCTION TO THE INVESTMENT CONDOMINIUM (“the ICON”) The primary objective of the ICON Act is to facilitate the formation of an investment condominium in The Bahamas between participants for the purpose of collective investments and for connected purposes and to provide an alternative vehicle that may be used when structuring investment funds. The ICON must… Read More

Commercial Landlord Citing Lease Terms To Prevent Stores From Closing On Thanksgiving Day

It’s rare that an ordinary commercial lease term can make national news, at least indirectly. Some higher-profile stores are bucking the Holiday trend this year and refusing to open on Thanksgiving day.  Costco, Lowe’s Home Improvement Centers, Nordstrom, DSW and Marshall’s — notably, representing an array of retailer species from big box to home improvement… Read More

NEC3: Some Areas Of Difficulty And Suggested Amendments

This is the third of a three-part series on NEC3. Part one dealt with problems that are commonly encountered in NEC3 and possible solutions (http://www.fenwickelliott.com/files/insight_issue_32.pdf), and Part two examined the principal responsibilities of the Employer and Consultant respectively (http://www.fenwickelliott.com/files/insight_issue_35.pdf). This final part considers some of the key areas of difficulty with the NEC form and… Read More

Immigration Act 2014 – Compliance By Private Landlords

The Immigration Bill received Royal Assent on 14 May 2014 and the provisions relating to letting of private property are gradually being introduced. From 1 December this year private landlords will be required to check the immigration status of tenants both before they rent, and on an ongoing basis. A trial of the checking system… Read More

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