Purchasing commercial real estate can be a lucrative investment. However, you may be at risk of legal issues if that property is polluted. You might also face challenges if previous owners did not follow the law. Before you purchase property, environmental due...
Detroit & Chicago Business Organizations Legal Blog
Commercial lease renewals: 5 practical tips
As the end of your commercial lease in Michigan approaches, it's time to sharpen your negotiation skills. Successfully navigating a lease renewal can secure your business's location while potentially improving lease terms. How can you confidently approach your...
Do housing co-ops need to accept emotional support animals?
Housing co-ops are a way to make homeownership accessible to a broader segment of the population. Co-ops offer shared spaces and amenities and a feeling of community for residents while imposing specific standards for those living in the community. A co-op can be a...
3 reasons to conduct a HOA reserve study
Homeowners Association (HOA) management involves numerous responsibilities, and one crucial aspect often overlooked is conducting a reserve study. Reserve studies are so important that they are mandated in select states. While there isn’t a statutory requirement to...
How to prevent co-op housing discrimination claims
A housing cooperative or “co-op” is a residential alternative that operates like a nonprofit corporation. Residents are also members jointly owning shares that allow them to live in their homes. As shareholders, they have a say on how to run things around the...
Is your co-op accessible for people with disabilities?
As a co-op, your building must comply with a patchwork of federal and state anti-discrimination laws protecting people with disabilities. This includes the Americans with Disabilities Act and Fair Housing Amendments Act (FHAA), the latter of which requires cooperative...
The growing trend of emotional support dogs in co-ops
The increased use of emotional support animals, specifically dogs, has gained a semblance of acceptance due to their therapeutic benefits for people dealing with a variety of issues. Conversely, their rising prominence has also presented challenges to co-op boards who...
7 essentials that should be in a partnership agreement
Entering or starting a business partnership could be a daunting task. However, it could take a venture to new heights through collaboration and efficient use of resources provided by both partners. This setup could help improve business operations and management, but...
A homeowners association must comply with the Fair Housing Act
A homeowners association (HOA) is the body that governs a housing community. It is an organization that comprises individual homeowners looking to maintain order and peace around the area of their residence and is especially popular in common interest communities...
8 ways to avoid business disputes
Operating a business is a significant responsibility. The company might enter into agreements and contracts with other parties to grow. As the company expands, it could encounter situations leading to legal liabilities. Fortunately, business owners could prepare and...