By Ryan + January 30th, 2007
You will find the majority of shopping center leases contain covenants that restrict competition. That is, the landlord prohibits its tenants from competing with one another.
The landlord wants your business to remain viable (and on the property) and he or she knows that allowing a competitor to operate that close to your [...]
By Ryan + January 17th, 2007
Condominiums and cooperatives are often confused, however the difference between the two is well-defined in the Texas Uniform Condominium Act. [Section 82.00(a)(8) if you are eager to look it up.]
A condominium is a real property system where the individual units are owned in fee by different owners, each of which has a concurrent, undivided [...]
By Ryan + January 9th, 2007
A sole proprietorship (”SP”) is not a separate legal entity therefore title to the real estate property is held in the individual’s name. The property is owned and operated by the individual, for both legal and tax purposes.
From a nontax standpoint, a SP is simple to operate–recordkeeping requirements and related costs for the business [...]
By Ryan + January 5th, 2007
You’ve made the decision to be a real estate player. Congratulations are in order because you are making a smart decision. So what type of entity are you going to choose to run your empire?
Both tax and nontax considerations should affect your choice of real estate ownership used for business or [...]
By Ryan + January 3rd, 2007
A “REIT” is a Real Estate Investment Trust. They are organizations which invest in real estate and then distribute most of the REIT’s earnings to their shareholder-investors. REITs receive about the same treatment that is applied to a regulated investment company, but have the advantages of:
(1) paying little or no corporate tax, [...]