Goldstein & Levy, P.A., General Counsel Legal Bulletin September 30, 2010 | New 1099 Rules for Small Landlords On September 27, 2010 the Small Business Jobs Act (the, “Act”) was signed into law and became the most significant small business legislation in over a decade. There is a little known provision in the Act which…
New Legislation Regulates Services Provided Through “Real Estate Teams” On May 20, 2010, Governor O’Malley signed into law Chapter670, HB 406 entitled “Real Estate Licensees—Services Provided Through Teams” (the “Act”) which regulates the provision of real estate brokerage and sales services and activities provided through “Real Estate Teams”. The Act becomes effective October 1, 2010.…
Goldstein & Levy, P.A., General Counsel Legal Bulletin September 27, 2010 | Are Unregistered Ground Rents Extinguished After 9/30/2010? On May 8, 2010, Governor O’Malley signed into law Chapter 290, HB 580 entitled “Ground Rents – Registry of Properties Subject to Ground Leases” (the “Act”) which provides for the creation of an on-line registry for…
Goldstein & Levy, P.A., General Counsel Legal Bulletin September 24, 2010 | New Legislation—Maryland General and Limited Power of Attorney Act On May 20, 2010, Governor O’Malley signed into law Chapter 689, HB 659 (the “Act”) which repeals Estates and Trusts Sections 13–601 through 13–603 (Powers of Attorney) and adds Estates and Trusts Sections 17–101…
Goldstein & Levy, P.A., General Counsel Legal Bulletin February 15, 2011 | Tax Assessment Appeal Process In light of recent changes in market conditions many property owners believe that the assessed value of their property established by the State Department of Assessments and Taxation (“SDAT”) for imposition of real property taxes is too high. All…