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In the fourth installment of “An Ounce of Prevention for the Commercial Landlord” series, Kevin J. Mahoney offers several more helpful hints in any lease relationship. Execution of Leases When a lease is entered into between the landlord and tenant, that lease should be fully executed. This means that all parties to the lease should sign the lease, their signatures…
In the third installment of “An Ounce of Prevention for the Commercial Landlord“, Kevin J. Mahoney explains important considerations once the collection process begins. Interest, Late Fees and Attorneys Fees A well drafted lease will provide for interest, late fees and attorneys fees to be charged against the tenant when rent is not paid on time. The lease should clearly…
In the second installment of “An Ounce of Prevention for the Commercial Landlord” series, Kevin J. Mahoney discusses other important lease terms which should be considered and negotiated at the initiation of the landlord/tenant relationship. Contingencies It is often prudent to include language in the lease detailing any contingencies which must be satisfied in order for the lease to become operable. …
In the first part of the “Ounce of Prevention for the Commercial Landlord” series, Kevin J. Mahoney explains what commercial landlords should consider at the time of leasing. Financial Statement Although all landlords are sensitive to the competitive nature of the market, consideration must be given to requiring a prospective tenant to provide a detailed financial statement before a lease…
A four part series by SMLH attorney Kevin J. Mahoney Despite continued assertions the economy is recovering, disputes continue to routinely arise between commercial landlords and tenants. Some of these disputes inevitably involve the failure of the tenant’s business. However, others are focused on specific parts of the landlord/tenant relationship which can and should have been addressed at the leasing…
The Maryland attorneys at SMLH explain what business owners need to know about wage garnishment laws in Maryland. Garnishing. When it’s parsley, it’s nice. When it’s money, not so much. Business owners that receive a writ of garnishment on an employee’s wages can’t just pick that garnishment off their plates. Here is what business owners need to know about wage…
SMLH Attorneys Joseph F. Snee, Jr., Kevin J. Mahoney, and Laura E. Bechtel recently secured $400,000.00 in life insurance proceeds for a client in a matter involving the interpretation of Federal Statute 38 USC § 1970 – the U.S. Department of Veterans’ Affairs Servicemembers’ Group Life Insurance program. The case involved a dispute between the divorced parents of a deceased…
Summer is fast approaching, and that means that plenty of college students will be returning home from universities to enjoy their summer vacations. Parents should be aware of what also may be accompanying their students as they return home from campus – their newly acquired fake ID’s. Here is why using or possessing a fictitious license in the State of…
The construction law attorneys at SMLH explain the use and legal issues surrounding mandatory mediation clauses in construction contracts. Mediation can be an excellent way to resolve contractual disputes. It is often less expensive and results in agreements that both parties find acceptable and fair. In fact, more and more standardized construction contracts are including mandatory mediation clauses. However, mandatory…
The construction law attorneys at SMLH explain seven benefits of using mediation to solve contractual disputes in the construction industry. Mediation is becoming increasing popular in the construction industry as a method for resolving disputes, and for good reasons. Mediation offers several advantages over other forms of alternative dispute resolution (ADR) and litigation. Here are seven benefits of using mediation…