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financial and property issues Archives

Are construction defect lawsuits just a cost of doing business?

For many Americans, buying a home is part of the American dream. Yet across the country, far too many new homeowners find that dream tarnished by construction defects, even in new construction projects.

Contractors may need to appear before their local zoning board

Although local communities often welcome small business development, such matters typically must go through zoning and land use permitting. In a recent example, Leesburg officials discussed the ratio of commercial to office use in a development called the Village at Leesburg.

Should your estate plan include a 529 educational plan?

An individual may want his or her estate plan to include specific provisions for future educational costs. One of the easiest tools for accomplishing that goal is a tax-advantaged 529 savings plan. Yet according to a recent survey, many Americans are unfamiliar with this option. Today’s post explores the details of how to open, fund and utilize the tax benefits of these plans as part of an individual’s comprehensive estate planning.

Beware of hidden covenants in your real estate transaction

One area of due diligence in real estate transactions involves searching for covenants. These are conditions or restrictions that apply to the land, regardless of its ownership. Consequently, liability to perform or abide by the terms of a covenant runs with the land and attaches to all subsequent owners.

Are commercial foreclosure rates predicted to rise in 2017?

Has the American real estate market fully rebounded from the lending crisis and financial crash of 2007? A final repercussion from that situation has just surfaced, causing some commentators to ask hard questions about the future prospects of real estate investments and projects.

Property owners must heed land use and zoning regulations

It’s unclear whether the incoming administration will impact environmental enforcement and regulation efforts. When measured against time, however, it seems safe to say that opinions about environmental practices change, and laws are amended to follow suit.

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Sevila, Saunders, Huddleston & White
30 North King Street
Leesburg, VA 20176

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