By: Taylor Bell – Until 2010, residential builders were subject to the Texas Residential Construction Commission Act, which required them to provide various statutory warranties to new home buyers. But the Act expired on September 1, 2009 and the governing agency, the Texas Residential Construction Commission, was abolished. Therefore, beginning in 2010, residential builders were …
by Scott Meyer – Beginning January 1, 2024, new rules go into effect that will add additional reporting obligations to most entities formed or registered to do business in the U.S. What information has to be reported? Under the recently passed Corporate Transparency Act (“CTA”), newly formed entities will be required to report significant personal …
by Lynnsee Starr – When hiring a professional to complete an Environmental Site Assessment, most developers only look at the price being charged before signing a retainer agreement. However, before signing your name on the dotted line, there are two common practice clauses in most retainer agreements you should request be removed: (1) damages cap …
by Sean Scribner – Sometimes more efficient One lesson learned from the Covid-19 pandemic is that many routine court proceedings can be more efficiently handled remotely. Thus, what was borne out of necessity served to highlight the tangible benefits associated with the utilization of remote proceedings, namely, efficiency, convenience and cost-savings. Unsurprisingly, appearing remotely, whether …
by Ron Holmes The real estate market has been impacted in 2022 by COVID-19, supply chain disruption, inflation, rising interest rates and, yes, political turmoil. But, both the residential and commercial markets in DFW continue to thrive. Why is that? Maybe because six Fortune 500 companies and a total of 176 companies over the last …
by Donna J. Yarborough – Pursuant to the Texas Estates Code, only “heirs at law” can inherit from a decedent who doesn’t leave a Last Will and Testament (“Will’). The question then becomes who is considered an “heir”? In Texas, an “heir” is a person who is entitled under the statutes of descent and distribution …
by Austin Gilleland – House Bill 2237 made numerous changes to Texas mechanic’s and materialman’s lien laws in Chapter 53 of the Texas Property Code. These revisions apply to prime contracts entered on or after January 1, 2022. Below are some of the more substantive changes made by HB 2237. Updated Form and Process for Lien …
We are pleased to announce that Ron Holmes recently represented the Developer in the closing of the construction loan for a 54-story multi-family tower in the Austin, Texas CBD. Ron attended the ground breaking ceremony in Austin in March, 2022. When completed, this project will be Austin CBD’s tallest single-purpose, for-rent multi-housing high-rise. It’s slated …
JD Reed, assisted by Kevin Moran, won a jury verdict for $1.26 million on behalf of our Plaintiff client in a complex breach of contract case in the 160th District Court, Dallas County, Texas. Congratulations to JD and Kevin for this significant win and positive outcome for the client! Confronted with the threat of a …
by Austin Gilleland – In response to the COVID-19 pandemic, the U.S. Federal Reserve (the “Fed”) slashed interest rates to stimulate a stifled economy. The near-zero interest rates have contributed to a booming housing market that will be a chief concern for the Fed through 2022 as it fights to curb inflation. Impending Rate Hikes …