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February 2003 Vol. 6, Issue 1
Real Estate & Construction Law Seminar or Bust! Buckingham, Doolittle & Burroughs, LLP regularly represents clients in a variety of real estate and construction matters, including the sale, leasing, acquisition, financing, development, subdivision, construction and zoning of residential, commercial and industrial property. The upcoming seminar is for everyone involved in the real estate and construction industry. Here is a sample of some of the information that will be shared at the 2003 Real Estate & Construction Law Seminar. We hope you plan to join us on February 27, 2003. John P. Slagter, Esq.: Will provide a review of the legal issues relating to real property tax and reveal strategies to consider in determining whether or not to challenge the property value. For owners of real estate in Summit County, 2003 began with a notice from the county that as of January 1, 2002 the value of their real estate may have changed as a result of a county wide reappraisal. Some form of reappraisal will also occur in the surrounding counties for 2003 with notices going out in 2004. Steven A. Dimengo, Esq.: Learn how to avoid paying tax if you are selling investment real estate and you intend to maintain a comparable investment in real estate. The tremendous flexibility in the existing authorities will be highlighted. You will understand how you can even acquire the replacement property before you sell the property to be relinquished. The replacement property can even be constructed. Are there special considerations with respect to property that had been developed? These and other issues will be addressed. David W. Woodburn, Esq.: Hear about recent cases which have had an impact on the real estate industry. In particular, David will discuss an Ohio Supreme Court case which clarifies the rights of property owners in regulatory taking actions. He will also review cases dealing with how to calculate proper damages in residential real estate transactions, the rights of the IRS to assert claims against jointly owned property, landlord duties to mitigate damages, and vicarious liability under the Fair Housing Act. David will also provide an outline which summarizes important cases and legislation from the past year. Robert A. Hager, Esq.: Will discuss a major new Ohio law affecting the preservation of bond claims and mechanics' lien rights of general contractors, subcontractors, and material suppliers that went into effect September 30, 1998. The “Fairness in Construction Contracting Act” (Am. Sub. S. B. 71) represents the most significant statutory changes to Ohio construction law since the Prompt Payment Act and mechanics’ lien law changes in the early 1990’s. Find out how this Act "levels the playing field" by preventing contractors and subcontractors from inadvertently giving up various important legal rights when entering into construction contracts. There is still time to register for our Annual Real Estate & Construction Law Seminar. For your convenience, we have listed several options for you to register.
We look forward to seeing you there!
John
P. Slagter (Buckingham ClevelandSM)
presented new updates on mechanics’ lien law and fairness
in contracts law for the Northeast Ohio 28 American Society Professional
Estimators.SM
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