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April 2017 Archives

Change may be ahead for construction defect lawsuits

If a bill that passed the Colorado House on April 24 also passes the Senate, homeowners associations will be required to let condominium owners decide whether they want to be involved in class action lawsuits. The condo market has slowed in the last few years partly because of lawsuits filed by homeowners associations. Builders claimed that it had become too easy to file frivolous lawsuits.

What to expect during commercial lease transactions

When opening a new or additional business location, Missouri business owners will face plenty of vital details to address first. Besides the work involved in the physical move, there may be some unexpected or unknown issues to handle after a commercial lease is signed, such as licenses and permits, lease details and multiple inspections.

Commercial real estate and increasing interest rates

Missouri commercial real estate investors and developers likely know that the Federal Reserve raised interest rates in March 2017. It was the third interest rate increase since December 2015, and it appears that there will two additional rate increases in 2017. While interest rate hikes usually indicate a stronger economy, this may not necessarily be the case right now. The Fed's chair has gone on record saying that she only expects moderate growth in coming years.

The importance of legal advice for real estate sellers

It is not uncommon for people who are selling commercial real estate to assume that they do not need legal representation, but this is not always the case. While their transactions may go off without a hitch without lawyers guiding them, sellers may be getting less out of their sales when they go it alone.

Our condo association was faced with monumental construction issues thanks to the original developer of our complex. We were cash poor and in no position to get legal representation without a contingency fee arrangement. Luckily for us, Scott Long and Burke Robinson were willing to take us on as clients. Their work ethic, professionalism and knowledge of condominium construction served our association very well. Any association would be well served in hiring these gentlemen to represent them.

Board of Directors - Plaza Gardens on the Lake Condominium Owners’ Association Lake of the Ozarks, MO

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