All tagged property owners
A recent case, Clement v. Menard, illustrates the pitfalls to be avoided so that a person enjoying a right-of-way (servitude) over adjoining property does not inadvertently lose those rights. It is an important lesson for developers, property owners and property managers.
Many property owners are generally familiar with the idea of deferring the taxable gain on the sale of real estate by applying the proceeds of the sale to the purchase of another parcel of like-kind property under Section 1031 of the Internal Revenue Code—a so-called “Section 1031 exchange.” Steeg Law has helped many clients utilize this important provision of the tax code. There are a couple of ways to accomplish a Section 1031 exchange:
The following article “Are Your Clients Exposed to Premises Liability for Third-Party Criminal Acts? A Top-10 List to Reduce Risks” by Norman W. Gutmacher appeared in Probate & Property Magazine and is a must-read for property owners, managers and landlords. It highlights an important issue for anyone who owns, manages or leases out real estate – the potential liability for attacks on customers or occupants while on or near the premises.
