Employers plan for the worst in all aspects of their companies so that they are prepared. But when it comes to a family business, the worst is often divorce and how this plays out in your company.
The most common form of a commercial lease is often referred to as a triple net lease. A triple net lease means that in addition to the monthly rent due, the tenant pays common area maintenance (“CAM”) fees, annual insurance costs, and property taxes.
When buying a home or a piece of property, most people do not expect the big stack of documents delivered to them at closing. These documents often include the Homeowners’ Association documents, plats or maps, and a large document entitled the “Declaration of Covenants, Conditions, and Reservations” (“CCRs”).
Homeowner’s Associations (HOAs), through their elected boards of directors, yield immense authority over the homeowners in their neighborhoods. Most homeowners do not realize this power includes the ability to foreclose on a homeowner’s home for unpaid HOA assessments.
Homeowner’s Associations (“HOAs”) in Texas have enormous power, subject to restrictions found in their formation documents and state law, ranging from the authority to collect dues from homeowners to enforcing restrictions on construction or how a homeowner’s lawn should appear. While many homeowners live subject to an HOA, the do not necessarily understand what authority an HOA has over the decisions a homeowner wants to make regarding their property.
Almost everyone has dealt with security deposits. A security deposit is an advance of money, other than an application fee or an advance payment of rent, intended to secure the tenant’s performance under a lease.