Real Estate Law News and Insights

In 2002, the New York Legislature passed the Prompt Pay Act1, whose stated purpose is to promote timely payment to construction industry contractors and subcontractors.2 The Prompt Pay Act applies to "all contracts exceeding $150,000 to construct, reconstruct, alter, maintain, move or demolish any building, structure or improvement, or otherwise excavate, develop...

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On August 26, 2021, the U.S. Supreme Court issued an order vacating the Centers for Disease Control and Prevention's latest eviction moratorium. Earlier this month the CDC issued an order banning evictions of residential tenants in counties experiencing high levels of community transmission of COVID-19, claiming that mass evictions would...

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Pennsylvania Superior ruled that the commonwealth's prompt payment act, the Contractor and Subcontractor Payment Act, 73 P.S. § 501 et seq. (CASPA), applies to mixed use construction contracts even when such contracts include residential construction in their scope that would not otherwise be governed by CASPA. Indeed, in El-Gharbaoui v. Ajayi, the appellate...

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