A title problem found before a Missouri commercial real estate closing can delay a loan, disrupt building plans or add costs. Buyers, sellers and lenders use title searches to check for claims against the property. Even when everyone is ready to close, these four...
A construction defect can become difficult for a condominium association when it affects shared property and an individual unit. The issue goes beyond deciding who needs a repair. You may also need to know whether the board should handle the problem, whether a unit...
Receiving a construction defect demand can threaten everything you have built in Kansas City. The moment that notice arrives, critical deadlines begin, and your response window is shorter than you might think. What you do in the next 14 to 30 days may determine...
A stubborn stain that appears in the ceiling during a rainstorm may seem harmless enough initially but can indicate a big problem: the brand-new roof in your new condo community may have a leak. If this ends up being the problem, costs can quickly climb. Expenses can...
You want defects fixed fast and for good. Kansas law and your contract set the timetable but your next steps can shorten or stretch the process. What “defects liability period” means Most construction contracts include a defects liability period after practical...
When a newly built condominium shows signs of damage, condo associations often assume the builder will make things right. But enforcing construction warranties is not simple. In Kansas, associations must act quickly. They need to understand what is covered. They also...
A construction defect claim can be both expensive and damaging for a contractor's or construction company's reputation. Once the case goes to court, everything that either party discusses could potentially become part of the public record. Litigation can be a very...
Not all construction projects go smoothly. Many have various "bumps" in their respective "roads. Minor defects are not as dangerous and relatively easy to fix. However, more severe problems, particularly those discovered after completion of work. Companies facing...
The terms of a contract between a contractor and property owner can be numerous and complex. But a construction contract can go beyond what is written on the document, thanks to Missouri's implied construction warranties. There are two types of warranties: express and...
Only 30 percent of commercial real estate purchases around the country are made in cash according to the 2017 Commercial Real Estate Lending Trends Survey. As a general rule, it is important that buyers have financing in place before making an offer on a Missouri...
