Events Leases Liability Security 
Green Building Law Update
OCTOBER 25, 2020
By way of background, a Phase I environmental site assessment is the process of evaluating a property’s environmental conditions and assessing potential liability for contamination. History says, ‘see you later.’”. And in another blog post last month, I wrote, I Just Read my 1000 th Phase I Environmental Site Assessment this Year.
Levelset
OCTOBER 13, 2022
Aside from owners and GCs, a government entity may want to see proof of liability insurance. You may be seeking to work for a local, state, or federal government, and these bodies will want to know that you carry liability insurance before you’re awarded — or even considered — for a bid. When do I need to provide a COI?
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Green Building Law Update
JUNE 25, 2017
In the event of a default, the amount in default (but not the entire principal of the PACE loan) is a liability that is a property tax lien collected by the local government with the priority associated with other real property tax liens, so existing mortgage holder acknowledgment of a PACE loan is required.
Green Building Law Update
JANUARY 24, 2016
In the event of a default, the liability is a property tax lien collected by the local government with the priority associated with other real property tax liens, so existing mortgage holder consent is required. There were not similar concerns expressed about commercial loans.
Green Building Law Update
SEPTEMBER 11, 2016
The concept is not new, but nationally including in Maryland, “residential” PACE programs were put on hold as a result of a directive in 2011 that Fannie Mae and Freddie Mac refrain from purchasing mortgage loans secured by properties with outstanding PACE obligations.
Levelset
JUNE 16, 2022
Instead, general contractors on public construction projects have to secure a payment bond prior to the start of work. In the event of a payment dispute, contractors file claims against the payment bond instead of against the property itself. Interest will begin to accrue the day the payment is past due at the prime rate plus 1%.
Buisness Facilities Contributed Content
MARCH 9, 2016
Participation can be increased to 50% of the loan or $1,000,000 is the lender has secured a federal guarantee (i.e., Cooperative Marketing Program: The Business Council secures booth space at trade and selling events to share, at minimum cost, with WY businesses and local economic development groups. MARKETING ASSISTANCE.
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