Eminent domain is the process of the government’s taking of private land for a public use in exchange for just compensation. In other words, it the seizing of property owner’s home or other property for a societal benefit. However, the condemnation of private property...
While Ohio residents may be in a hurry to finally sign paperwork completing the sale of a house, it is important to not rush into anything. Older houses often have various issues and not disclosing them can lead to costly and lengthy real estate litigation. Who’s...
A bill sent to the Ohio governor for approval recently is set to protect property rights in some cases of eminent domain. What is the new law? The state budget bill has been approved by both the House and the Senate and is now with the governor. If approved, it would...
When an owner of a shopping complex or building in Ohio, as a landlord or lessor, enters into an agreement with a store owner, as a tenant or lessee, both parties have certain responsibilities and obligations pursuant to the terms of their commercial leasing...
Real estate investors in Ohio are seeking to profit on their investment and keep as much money as possible shielded from taxes. This is a wise decision and it is perfectly legal. One way in which this is frequently done is through Section 1031. Known as a like-kind...
Late last year, the Internal Revenue Service (IRS) said it planned to increase small business audits by 50% in 2021. That came at a time when most small businesses were reeling from the effects of the pandemic. While audits are never welcome, and it was the last thing...
Businesses face financial challenges all the time. Markets change, the cost of supplies goes up, and consumer needs may shift. All of this could leave your business struggling to adapt and find a profitable way forward. But this can be hard to do when creditors are...
Eminent domain might sound like an unusual law in Ohio and throughout the United States. People are under the impression that property ownership rights are one of the foundational aspects in the nation. However, federal, state and local governments have the right to...
Commercial real estate transactions in Ohio can encounter complexities that make them very different from the purchase or sale of a home. Whether it is for an expansion of current operations or the initial plunge of a new startup, it is important to know the steps...
When Ohio residents are notified that their property will be subject to an eminent domain claim, they are almost certainly being drawn into the issue involuntarily – and perhaps with little notice beforehand. Yes, road improvement projects and other public works are...
