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Northern Virginia Legal Blog

Types of Real Estate Deeds In Virginia

A deed is an instrument which transfers title from one individual or entity to another individual or entity (the "Grantee"). Typically, deeds contain the name of the current owner (the "Grantor"), the name of the new owner (the "Grantee"), the legal description of the real property, and the signature (notarized) of the Grantor. The deed will also describe how title is being held by the Grantee. This article will discuss the different types of deeds and their respective purposes to give you a better understanding as to what type of deed you may need.

Real Estate Transactions (Purchasing Real Property) Deeds:

This section will discuss the different types of deeds a person may come across when purchasing real property.

Issues To Consider Before Leasing Commercial Property In Virginia

The purpose of this article is to give interested parties an overview of the commercial leasing process. This memorandum is not intended to establish an attorney client relationship and the information provided herein is strictly for informational purposes only.

When preparing to acquire a commercial property, either by lease or purchase, the principal of "caveat emptor" should be at the forefront of our minds. This is because the many protections often afforded by statutes or common law to the purchaser of a home are absent from a commercial transaction.

Is your business partnership doomed to fail?

Just as with a marriage, no one ever enters into a business partnership expecting it to fail. Yet, also like many marriages that end in divorce, many business partnerships are also unable to weather the storms and go the distance.

By one account, as many as 70% of business partnerships wind up failing. Read on to see whether yours shows any of these common red flags.

Terry Fox's Key Note Presentation At The National Business Institute Spotlighted In Business Insider

Firm's senior real estate partner Terry Fox's key note presentation for the NBI was spotlighted in Business Insider. View more below.

https://markets.businessinsider.com/news/stocks/terry-l-fox-provides-cutting-edge-insight-into-curing-complex-real-estate-title-defects-1028719167

FAIRFAX, Va., Nov. 26, 2019 /PRNewswire/ -- Terry L. Fox, Esq., senior partner at the real estate boutique firm of Fox & Moghul based out of Fairfax, Virginia, delivered a cutting-edge lecture at the National Business Institute's CLE on Top Tools for Curing Title Defects.

Terry L. Fox delivers keynote presentation at the NBI's annual CLE on Curing Real Estate Title Defects

Fox & Moghul's partner Terry L. Fox delivers lecture for the National Business Institute's annual CLE on Curing Title Defects. The course covered a variety of ways in which lawyers can resolve title defects, and more information can be obtained at NBI's website.

Set up contingencies to protect your interests when buying a home

When you're buying a home, you want to make sure that the process goes smoothly. You haven't purchased a home before, though, so you're not sure what has to happen to protect your interests.

The last thing any buyer wants to find out is that they've become victims of concealed problems within the home or that they've been taken advantage of in some other way. That's why it's important to know what you're doing when you make an offer and the protections that are available to you.

Can you refuse to pay increased CAM fees in a commercial lease?

Commercial real estate rentals differ from residential rental real estate in a number of ways. For example, the rent is usually the only obligation the tenant has to the landlord for residential property. However, for commercial properties, a tenant may also have to pay a number of other costs.

As a commercial tenant, you may have to pay real estate taxes on your share of the property, as well as common area maintenance (CAM) charges. Usually, landlords offer either a fixed fee for the monthly CAM charges or allocate a percentage of the total CAM charges to individual units based on the amount of space each rental takes up and how much the tenants utilize those common areas.

Creating a succession plan for your business

For business owners or CEOs nearing retirement in Virginia, having a succession plan is vital to the continued success of their company. However, crafting a plan sooner rather than later can be beneficial even for owners who are years away from stepping down.

There are many factors to consider when deciding whether a succession plan is necessary. Sometimes, the best and easiest choice is to sell the business. However, many owners want to ensure that their company continues long after they are gone.

Can you sue someone for defamation?

Have you and your business partner recently severed ties? If you two did not end your business partnership on amicable terms, you may be fearful of defamation.

A person’s right against slander may outweigh another person’s right to free speech. In other words, your ex-business partner does not have a right to say malicious and untrue things about you or your business.

Pros and cons of a business partnership

If you’re starting a business with another person or group of people, it would make sense to form a business partnership, wouldn’t it? Well, not so fast.

A partnership would allow those involved to have part-ownership of the business, but there are other pros and cons to consider as well. There are three different types of partnerships: limited, limited liability and general partnerships. All three have their separate legalize, advantages and disadvantages to sort through and consider but there are pros and cons that cover them to mull over as well.

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