An umbrella partnership real estate investment trust (UPREIT) gives real estate owners access to public capital markets, while permitting them to defer taxes, which would be recognized if they directly sold their properties. An UPREIT is a form of real estate investment trust (REIT) that ...

Effective October 1, 1997 the existing cap on damages, in Baltimore City, equal to a maximum of two months’ rent for a residential tenant’s failure to take possession or for termination of a lease, is repealed. Specifically, House Bill 1144 repealed Section 8-212 of the ...

An act of the General Assembly, effective earlier this year, will make the use of LLP’s more advantageous than ever. The new law permits an existing limited partnership to register as a "limited liability limited partnership" or LLLP. Registration as an LLLP protects all partners, ...

Carrie Houston slipped and injured herself while using a restroom inside a Safeway grocery store. She filed suit against Safeway, alleging that it breached the required standard of care by failing to maintain the premises in a safe condition. Safeway argued it was immune from ...

The Court of Special Appeals affirmed the Circuit Court’s decision establishing a boundary line by relying on the clear and unambiguous language of a deed, deciding it did not require other evidence to determine the meaning of the conveyance. Jean Koehn and C. Campbell Koehn ...

New legislation in Baltimore County creates "revitalization tax credits" for both commercially zoned properties and multi-family rental housing. Bill 91-97 establishes a property tax credit against increased real property taxes that are a result of improvements to a commercially zoned property located within a Commercial ...

Two recent legislative acts will make the use of LLC’s, in Maryland, more advantageous than ever. The LLC is an unincorporated form of business organization similar to a partnership. The LLC possesses a liability shield which protects its owners from liability to the same extent ...