by Brian Huddleston | Feb 5, 2013 | Real Estate Law
When signing a commercial lease, it is essential to understand and agree to all of the provisions. The provisions in a commercial lease are usually designed to favor the landlord; however, a landlord may be willing to negotiate. An experienced real estate attorney...
by Brian Huddleston | Jan 2, 2013 | Legislation & Case Notes, Real Estate Law
In the law to avoid the so-called “Fiscal Cliff” passed on New Year’s Day, Congress extended ?to January 1, 2014,?the exclusion from gross income of discharged mortgage debt from a qualified principal residence. ?See,?Section 202 of the American...
by Brian Huddleston | Nov 7, 2012 | Legislation & Case Notes, Real Estate Law
STATE QUESTION 758 — What it does: Reduces the cap on the maximum annual tax valuation increase for homestead properties and agricultural land from 5 percent to 3 percent. STATE QUESTION 759 — What it does: Bans preferential treatment (affirmative action)...
by Brian Huddleston | Oct 24, 2012 | Legislation & Case Notes, Real Estate Law
The Oklahoma Open Carry law goes into effect on Nov. 1. According to the Oklahoma Open Carry Association (OKOCA), the law means that: as of that date, ??it will be legal to openly carry a handgun in the State of Oklahoma. This means that any person with a valid...
by Brian Huddleston | Oct 11, 2012 | Real Estate Law
The landlord occasionally needs to decide whether an individual performing services in connection with his rental units should be treated as an employee or an independent contractor. This decision will determine whether the landlord withholds income and other taxes,...
by Brian Huddleston | Sep 10, 2012 | Legislation & Case Notes, Real Estate Law
?On March 15, 2012, HUD released a notice entitled “Protecting Tenants at Foreclosure Act: Additional Guidance on Notification Responsibilities Under Act with Respect to Occupied Conveyance”. This notice provides additional guidance on the notice, entitled...
by Brian Huddleston | Sep 7, 2012 | Legislation & Case Notes, Real Estate Law
Oklahoma residents seeking restitution under the mortgage settlement reached between the state?s attorney general and the nation?s five largest mortgage servicers must apply for benefits by September 13, 2012. The agreement between Attorney General Scott Pruitt and...
by Brian Huddleston | Aug 29, 2012 | Legislation & Case Notes
The answer to the above question depends on what rights the grandparents are seeking and the status of the parents of the minor children.? Depending on the circumstances, in Oklahoma grandparents may be granted visitation with their grandchildren, they may serve as...
by Brian Huddleston | Jun 19, 2012 | Uncategorized
The majority of 1031 exchange transactions are structured as forward 1031 exchanges (also referred to as regular or delayed 1031 exchanges). The real estate investor sells his or her relinquished properties first and then subsequently buys one or more replacement...
by Brian Huddleston | May 11, 2012 | Uncategorized
Short sales, where owners sell their houses for less than they owe, can offer underwater borrowers an alternative to foreclosure. Equally important, they can give financially troubled homeowners a fresh start. Critics say that selling a home for less that it is worth...
