It is helpful to understand the basic terms involved when discussing foreclosure. The mortgage is a loan, usually borrowed from a bank or other financial institution who is called the lien holder. The borrower, also known as the mortgagor, uses the loan to purchase...
Acquiring another business can be a big step for one business to take. It is helpful for business owners considering an acquisition to have some idea of the potential benefits and downsides of an acquisition. An acquisition involves the complete purchase of another...
There’s no doubt about it, 2020 was a tough year for many businesses in Ohio. With the closures and restrictions that many businesses have faced, especially restaurants and bars, these business owners may be wondering if there is anything that can help them. A recent...
In Ohio, eminent domain is an aspect of the law in which property can be purchased from its owner for public use even if the owner does not want to sell. This can impact people and businesses alike and often results in a dispute. These disagreements frequently...
Contracts and leases have traditionally contained clauses that excused noncompliance if there was an unforeseeable and extraordinary event, such as a natural disaster or emergency. During this year’s pandemic, more leases are being negotiated that contain these force...
Eminent domain is the right of the government, either federal or state, to take or appropriate private property for the public use. The power of eminent domain is found in the last phrase of the Fifth Amendment to the U.S. Constitution: “No person shall be held to...
There are several different types of business forms new business owners can choose from when setting up their business. The importance of selecting the best business form for the new venture should not be overlooked and new owners should understand the different types...
Many Ohio residents make it a goal to own their own property at some point in their lifetime. It can take years of saving and planning to have enough money for a down payment, but once they have secured a mortgage and taken the plunge, they may feel secure in their...
For most retail businesses in Ohio, an increase in traffic and presence of more potential customers would be viewed as a positive. More people in the area means that there is the possibility that every business will have a greater chance of walk-in traffic and sales....
If your property is included in an eminent domain parcel, it can be formidable trying to get an offer in your best interests. Though many government agencies, whether state or federal, have eminent domain authority, they cannot exercise that authority without question...
