DC Metropolitan Business Law Alert

DC Metropolitan Business Law Alert

Category Archives: Construction Law

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New Maryland Legislation Would Expand Real Property Transfer and Recordation Tax Exemption to Affiliated LLC Transactions.

Posted in Construction Law, Corporations, Kelley Drye, Limited Liability Companies, Local News, Maryland Law, Property, Real Estate, Tax
On April 8, 2013, the Maryland legislature passed a bill that, following the Governor’s signature (which is expected), will now extend a real property transfer and recordation tax exemption to certain transfers among affiliated limited liability companies.  Currently, Sections 12-108(p) and 13-207(a)(9) of the Maryland Code provide an exemption from real property transfer and recordation taxes for … Continue Reading

Calculating Lost Profits, Maryland Style

Posted in Business Litigation, Construction Law, Corporations, Damages, Homebuilder Law, Limited Liability Companies, Local News, Maryland Law, Property, Real Estate
In CR-RSC Tower I, LLC v. RSC Tower I, LLC the Maryland Court of Appeal held that evidence of post-breach market conditions is not admissible to mitigate consequential lost profits if the contracting parties did not contemplate future market conditions at the time they entered into the contract. Specifically, the court determined that “consequential lost … Continue Reading

To Waiver or Not to Waiver, that is the Question?

Posted in Business Litigation, Construction Law, Corporations, Damages, Homebuilder Law, Local News, Maryland Law, Property, Real Estate
In Hovnanian Land Investment Group, LLC, et. Al. v. Annapolis Town Centre at Parole, LLC the Maryland Court of Appeals held that a party’s conduct (whether express or implied) may waive a condition precedent set out in a written purchase agreement despite a specific clause in the agreement requiring that all waivers must be in writing. … Continue Reading

Maryland First State to Adopt the International Green Construction Code®

Posted in Construction Law
Maryland has become the first state to enable local jurisdictions to adopt the International green Construction Code® (IgCC®). If adopted, the IgCC will become a part of the building codes of those adopting jurisdictions. The IgCC establishes a baseline approach for new and existing buildings regarding energy conservation, water efficiency and other “green” matters. While … Continue Reading