Legally Speaking Lease – Renewal, No Renewal Agreement, Initial Lease Terms Binding Upon Tenant; Operating Expenses Not Defined and Therefore Uncertain; UFFI – Damages for Breach of Warranty #278

The omission of wording in a lease renewal clause that the renewal would be void if the parties were unable to agree upon the renewal terms, led to some surprising results, at least for the tenant…

Legally Speaking UFFI Warranty #175

A recent edition of the Bulletin contained a reminder that because of the risk of liability, licensees should not complete the UFFI disclosure statement on the standard Contract of Purchase and Sale…

Legally Speaking UFFI WARRANTY – Vendor Warrants That the Building Does Not Contain Urea Formaldehyde Foam Insulation #134

This is a common warranty given either at the request of the prospective purchaser, or of the mortgage company considering an application by the purchaser for financing…