August 25, 2008 | The Legal Intelligencer
Prior Owner's Suicide on Property Cannot Void SalePurchasing a home is one of the largest investments an individual makes in his lifetime. In order to make a sound investment, he should inquire into anything that may objectively and subjectively affect his decision to purchase the property.
By Alan Nochumson And Daniel Levine
8 minute read
June 18, 2007 | The Legal Intelligencer
Lender Not Responsible For Misconduct of Its Mortgage BrokerIn shopping for a mortgage loan, most potential borrowers do not deal directly with mortgage lenders.
By Alan Nochumson
9 minute read
May 16, 2011 | The Legal Intelligencer
Federal Court: Lease Options Are to Be Strictly ExercisedMost commercial tenants who invest, at their cost, significant sums of money in improving their leased premises often insist on including options for them to extend the lease agreement beyond the initial lease term.
By Alan Nochumson
9 minute read
September 22, 2009 | The Legal Intelligencer
Attempted Oral Modification of Written Agreement of Sale DisallowedWhether the purchase involves residential or commercial real estate, the mindset should be the same: Buyer beware. Because most real estate transactions are entered into at arm's length, it is important for potential purchasers to condition the sale on what they believe the property "is" so they can be allowed out of the transaction if the property turns out differently during the due diligence stage of the transaction. This is especially true when purchasing commercial real estate. The property is more than the physical structure. The value of the property also depends upon the revenue stream generated presently and potentially in the future from the property.
By Alan Nochumson
7 minute read
October 23, 2006 | The Legal Intelligencer
Tenants in Pa. Have Right to Select Cable Provider of Their ChoiceUnder Pennsylvania's Tenants' Right to Cable Television Act, a tenant may select a cable television service provider of their own choosing so long as the provider actually agrees to provide such service to the tenant. As a corollary, a provider cannot enter into an exclusive arrangement with a landlord to provide cable television service in a residential building, thus preventing a competitor provider from servicing otherwise willing tenants.
By Alan Nochumson
7 minute read
May 14, 2007 | The Legal Intelligencer
Buyers Not Chopped Down By Inspection Contingency ClauseIn most residential real estate transactions taking place in Pennsylvania, sellers and buyers are generally not represented by legal counsel.
By Alan Nochumson
8 minute read
June 28, 2004 | The Legal Intelligencer
Landlord Makes Itself an Offer It Can't RefuseLeases frequently contain provisions granting the tenant the first right to purchase the leased premises in the event the landlord desires to sell.
By ALAN NOCHUMSON
9 minute read
December 10, 2007 | The Legal Intelligencer
Rental Applicants Do Not Have Viable ECOA and UTPCPL ClaimsA recent decision handed down by the United States District Court for the Middle District of Pennsylvania in Portis v. River House Associates sheds new light on what legal measures residential lease applicants in Pennsylvania may take due to racial discrimination.
By Alan Nochumson
8 minute read
November 28, 2005 | The Legal Intelligencer
Subcontractor Prohibited From Filing Mechanics' LienIf the real estate market slows down, as some experts are predicting, Pennsylvania courts will likely be inundated with an influx of mechanics' lien actions filed by contractors who are left holding the proverbial bag on real estate projects mired in cost overruns and unrealized profits.
By Alan Nochumson
7 minute read
May 23, 2005 | The Legal Intelligencer
Lenders Have an Interest in the Post-Judgment RateIn Pennsylvania, once a mortgage foreclosure claim is reduced to judgment, the legal interest rate of 6 percent per annum applies unless the loan documents evidence a clear intent to continue the contractual interest rate post-judgment.
By Alan Nochumson
8 minute read
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