What’s happening? A court in North Dakota determined that just compensation in the taking of property by eminent domain can include a review of similar sales. Why is this important? Determining just compensation is a hot topic. How will this be important? There’s always a lot of talk about market value, introducing evidence of similar […]
Monthly Archives: April 2021
What happens when a property developer accepts bitcoin for rent?
What’s happening? California Real Estate Developer Rick Caruso will be accepting bitcoin as a method of payment. 1% of Caruso Properties’ treasury is in bitcoin after an investment in Gemini, a cryptocurrency. Why is this important? A growing list of payments may be made by cryptocurrency some taxing entities accept crypto currency, some political campaigns […]
Bill would Restructure Short Term Rental Taxes
What is happening? California is considering SB 555 that would create a statewide collection system for short term rental taxes directly from the short term rental platforms. SB 555 (2021 | CA) Why is this important? This bill does not prohibit local agencies who want to continue with their own Voluntary Collection Agreements and allows […]
Prohibit Ag Land Sale to Non-Profits
What’s happening? Montana is considering legislation to prevent agricultural land from being sold to a non-profit. HB 677 (2021 | MT) Seem unusual? Well, it is allegedly aimed at stopping the American Prairie Reserve from acquiring land. The bill excepts all other nonprofits except land trusts, public lands and conservation organizations. Why is this important? […]
Anatomy of North Carolina’s Eminent Domain Reform Bill
What’s happening? North Carolina legislature has passed with bipartisan support an eminent domain bill HB271 (2021 | NC) that fortifies public use requirement, require just compensation be determined by a a jury, and requires voter approval to add these requirements to the NC Constitution. Why is this important? NC legislators want to eliminate “public benefit” […]
Local Ordinance. Evict Violent Tenants. No Rent Raising.
What’s happening? The District of Columbia passed an ordinance that will allow landlords to evict violent tenants but prohibit rent increases. Why is this important? D.C. is stepping back from its pandemic-related tenant protections How will this be important? The standard DC adopts is key- whether a tenant poses a physical risk to others. Does […]