Many real estate purchase and sale agreements contain a specific deadline by which the parties must perform and a clause stating that “time is of the essence.” This clause makes the deadline a condition subsequent, and if the deadline is not met or waived, then the parties’ obligations to each other are extinguished. Although “time […]
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On October 31, 2023, a federal civil jury found that the National Association of Realtors (NAR) has conspired to inflate commissions paid to homebuyers’ real estate agents. It determined that the NAR and its co-defendants (some of the largest real estate companies in the country) owed almost $1.8 billion in damages to the plaintiffs (a […]
By Annabelle Hentz, Law Clerk The Supreme Judicial Court of Massachusetts recently upheld a Superior Court’s ruling that rent acceleration clauses are enforceable by commercial landlords against defaulting commercial tenants. Rent acceleration clauses allow for unpaid rent to constitute liquidated damages when a tenant defaults—regardless of the amount of unpaid lapsed time. Case Background Recently, […]
In Massachusetts when a buyer finds property to purchase, the first step in the process is to make an offer that the seller will accept. The buyer binds his offer with a small deposit until a more formal Purchase & Sale Agreement (“P&S”) is executed and additional deposit funds are delivered. The offer generally outlines […]
Massachusetts Lawyers Weekly featured Bobby Rudolph in its August 14, 2023, issue in “Land Court judge rescues sale of property from improperly filed lis pendens.” The article highlights a case Bobby recently handled, Sharari v. Laura Road Holdings, which involved the sale of a residential property at 20 Laura Road in Newton, MA. The plaintiff […]
Most astute entrepreneurs will avoid running a business as a sole proprietor or as part of a partnership and opt to limit their personal liability by forming a separate entity to operate the business. A corporation or a limited liability company (“LLC”) is often the best vehicle to shield the business owner’s personal assets from […]
The short-term rental sector continues to gain momentum among investors as it disrupts traditional real estate investments thanks to the rise in remote work around the country. Accommodation-sharing platforms report that interest in owning short-term rentals or becoming hosts on marketplace platforms is at an all-time high. Whether you’re leasing a spare room or an […]
According to Massachusetts case law, an order directing specific performance of a contract to sell real property is appropriate where one party to that contract, either a buyer or seller, has shown: there is a binding contract to sell property; the agreed time for performance has arrived; and the party seeking performance has performed, or […]
The Massachusetts Supreme Judicial Court (the “SJC” or the ‘Court”) recently issued a noteworthy decision in a case involving the rights of joint tenants and their heirs when one joint tenant passes away during a partition proceeding. The case of Brattle v. Howard arose out of a petition to partition filed in the Massachusetts Land […]
Bobby Rudolph recently represented a real estate developer in a civil lawsuit against its former project manager who was accused of stealing nearly $400,000 from his employer by paying fake subcontractor accounts on projects and then converting the funds into his personal bank account. Within days of discovering the theft by the employee, Bobby filed […]
