Real Estate Law News and Insights

New Virginia Prompt Payment Statutes Invalidate Most ‘Pay When Paid’ Clauses

Published: May 06, 2022
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On April 27, 2022, the Virginia General Assembly passed Senate Bill 550, which makes "pay when paid" and "pay if paid" clauses unenforceable in most circumstances and requires both public and private construction contracts to include certain payment clauses that obligate the contractors to be liable for the entire amount...

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Residential Evictions: What Tenants Need To Know

Published: Apr 28, 2022
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LOCKOUTS Can I be locked out of my home for failing to pay rent during the COVID-19 pandemic? Maybe.   Whether you can qualify for protection from eviction depends on your household income and your completion of a sworn certification. On August 4, 2021, the Governor signed a new law and issued Executive Order 249. ...

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How Russian Sanctions Affect The Collection Procedures And The Administration Of Co-ops & Condos

Published: Apr 15, 2022
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The sweeping economic sanctions spawned by Russia's invasion of Ukraine impact co-op and condo operations in terms of admissions and collection procedures and the administration of certain services to building residents. This is because conducting business with foreign nationals or entities who are subject to the sanctions could expose an...

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