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Legal Considerations for Amending HOA Bylaws and CC&Rs
Homeowners associations (HOAs) are subject to various legal requirements and regulations, which often require amendments to the HOA bylaws and covenants, conditions, and restrictions (CC&Rs). Making an amendment is a long process that requires due diligence, transparency, and approval from the appropriate parties. HOA bylaws are the governing rules for the HOA. These bylaws outline…
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Elements of a Solid Employee Contract
Employee contracts are critical documents for any business or company. They outline essential information about the terms of employment, employee responsibilities, benefits, and dispute resolution. An employee contract protects both the employer and employee by setting clear expectations and obligations. Employment contracts are legally binding and outline the rights and responsibilities of both parties. The…
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Types of Lawsuits Filed Against Boards of Directors
While corporation boards of directors maintain considerable authority, the ultimate authority is its shareholders, who have a vested interest in the company’s success. Shareholders are individuals, companies, or others who own at least one share of the corporation’s stock, giving them partial ownership in the company. Shareholders have a majority or minority interest in the…
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What Are the Risks and Benefits of Buying a Foreclosed Home?
For those in the market for a home, foreclosures are an attractive option. While the potential to save money is always appealing, there are several risks associated with buying a foreclosed real estate property that must be taken into consideration. The most common types of foreclosures are pre-foreclosures, judicial foreclosures, and trustee sales. Pre-foreclosure is…
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What Is Corporate Litigation?
Corporate litigation is the practice of trying or defending disputes between corporations or businesses. A corporate litigation attorney manages numerous minor to significant legal concerns that regularly occur during the course of business operations. Corporate litigation differs from other forms of litigation in that it encompasses not only legal proceedings, but measures taken to avoid…
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How Do Lease Buybacks Work?
A lease buyback, also known as a leaseback, is a real estate transaction in which the seller sells the property to the buyer and then leases it back from the seller for a short period of time. Both the seller and the buyer can benefit from this transaction as long as everything goes well, which…
