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The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

The Impact of ASC 842 – The New Lease Standard Is Here. It is time for contractors to get serious about the new accounting lease standard. 02 ASC 842 Leases, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB). All my leases are related party.”. Greg Ragsdale.

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Legal Documents Required for Purchase of Property

CivilJungle

Legal Documents Required for Purchase of Property. But we must avoid the problem and legal situation by checking the documents required for buying property. The below documents are necessary for the purchase of property: 1. Every construction work begins with legal approval. Land Property Documents.

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Release the Lease

Construction Law Monitor

Just recently here at Wolfe Law Group , I had a client come to me with some ownership issues involving leases. Typically after a construction project is complete, especially in the commercial realm, there will be a lease of some type. Just as in any legal contract, the devil is in the details.

Leases 60
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On the 25th Anniversary of Lead Based Paint Disclosures

Green Building Law Update

In 2018 there were 2,049 children in Maryland alone, reported to have at lease 5 micrograms of lead per deciliter of blood. So beyond matters of legal jeopardy, think justice, do the right thing and provide the required contract language and disclosures in real estate contracts. No level of lead exposure is considered safe.

Leases 136
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Lawyers' Opinions in Green Building Transactions

Green Building Law Update

We are increasingly called upon to give legal opinions that a green building is LEED certified, ‘certifiable’ or otherwise really a green building. While legal opinions are given in a variety of commercial contexts, they are increasingly being required as part of the due diligence by lenders when making loans secured by (i.e.,

Green 120
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Buying a LEED Certified Building Is Easy But.

Green Building Law Update

Finally, a contract of sale should list as a document to be delivered at closing (. but arguably most do not), in addition to a warranty deed, originals of all leases and the like, “a GBCI Change of Owner Agreement completed and executed by the seller.”.

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Court Recognizes Day-to-Day Changes Are Compensable Despite Contractual Waivers

Best Practices Construction Law

Lend Lease Construction (Sept. The waiver and release documents submitted with each pay application could not cover claims not readily apparent due to daily changes on the job. And yet we see a claim for delays and extras filed at the end of a construction project that challenges these very contract provisions. 1, 2020) (PDF).