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The Leasing Hotline
Maintaining Premises
If a tenant fails to notify the premises owners of a repair that is the owner's obligation, as required under the terms of a lease, the owner may not be held liable for any injury that results from the neglected repair; the management company may also not be held liable unless it knew or had reason to know of the need to repair. Briggs, et al. v. First Realty Mgmt. Co., et al., No. 86354, Court of Appeals of Ohio, Eighth Appellate District, Cuyahoga County, Feb. 2, 2006.
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Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
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Coverage Issues Stemming from Dry Cleaner Contamination Suits
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.