Legal & Regulatory

Besides new revenue procedures, the IRS has also issued guidance easing deadlines for like-kind exchanges and Opportunity Zones.

Most contracts allow for both the developer and the contractor to exit the agreement, but include specific provisions and potential payments to do so.

A commercial purchaser should incorporate in the contract's risk of loss clause the specific consequences of a pandemic.

While a rumored extension seems likely, investors should take a conservative approach and proceed as if no extension will be granted, with the understanding that they may get lucky.

By providing cash to residents and benefits to businesses, the Act can serve as a lifeline.

They include temporary suspension of GAAP standards for some loan modifications.

If the situation gets really bad, regulators could ask if companies are violating the law if they don't downwardly adjust their prices.

With local municipalities regulating essential services, many developers are trying to figure out if they can carry on with construction.