News & Analysis as of

Security Deposits

Hudson Cook, LLP

Federal Consumer Protection Laws In Rental Property Management

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The Federal Trade Commission (FTC) announced a groundbreaking settlement with Invitation Homes, a large single-family rental home owner/operator, on September 24. ...more

Rosenberg Martin Greenberg LLP

The Renters’ Rights and Stabilization Act of 2024: Key Changes and Implications for Maryland Landlords and Developers

On April 25, 2024, Governor Wes Moore signed into law House Bill 693, known as the Renters’ Rights Stabilization Act of 2024, to protect Maryland renters who are experiencing housing instability. While the Act aims to...more

Lasher Holzapfel Sperry & Ebberson PLLC

Changes to Commercial Guarantees in Seattle

Landlords that lease commercial property in Seattle need to be aware of major changes to the Municipal Code. Seattle recently enacted Ordinance 126982, which introduces significant regulations for commercial property lessors...more

Brownstein Hyatt Farber Schreck

CA Security Deposit Limits Effective 7/1

Effective July 1, 2024, California residential landlords will generally only be able to charge security deposits equal to one month’s rent with some exceptions for smaller landlords. This is pursuant to Assembly Bill 12...more

Davis Wright Tremaine LLP

Seattle Commercial Landlords Must Take Action To Comply With Commercial Guaranty Ordinance

Following years of bolstering residential tenant protections, Ordinance 126982 marks one of the City of Seattle's first major forays into policing the commercial landlord-tenant relationship. The ordinance, which went into...more

K&L Gates LLP

New Illinois Laws for 2024 Affecting Real Estate

K&L Gates LLP on

Illinois has passed a number of laws effective 1 January 2024 that impact commercial real estate and development. These new laws range from new requirements for residential landlords, first of its kind electric vehicle...more

Troutman Pepper

Vermont AG Reaches Settlement Over Motel Program Security Deposit Withholdings

Troutman Pepper on

Vermont Attorney General (AG) Charity Clark recently announced the resolution of an investigation into the withholding of security deposits across five motels that were participating in the state’s Transitional Housing...more

Foster Garvey PC

New Commercial Lease Restrictions in the City of Seattle

Foster Garvey PC on

In the last month of the most progressive Seattle City Council term in recent history, the Council passed an ordinance restricting a landlord’s right to use certain security measures for commercial leases in the City....more

Proskauer Rose LLP

Key Issues When Navigating A Tenant's Bankruptcy

Proskauer Rose LLP on

Recently, two significant distressed companies with thousands of commercial leases, Rite Aid Corp. and WeWork Inc., each filed Chapter 11 bankruptcy cases, seeking in part to rationalize their geographic footprints through...more

Smart & Biggar

Game on! Quebec overhauls legislative and regulatory framework for publicity contests

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This fall, on October 27, 2023, the Quebec National Assembly passed the An Act to Amend Various Provisions for the Main Purpose of Reducing Regulatory and Administrative Burden. With this Act, the Quebec government aims,...more

Flaster Greenberg PC

Ten Real Estate Tips for Soccer Clubs to Effectively Maintain Their Training & Match Day Facility to Maximize Viability

Flaster Greenberg PC on

Soccer is seeing unprecedented expansion in the U.S., on both the men’s and women’s side. As discussed in previous blogs professionalizing the women’s game is vital to its survival. A crucial piece of this is real estate....more

Sheppard Mullin Richter & Hampton LLP

[Webinar] So You Want to Be a Landlord? Rise in Residential Housing Class Actions - September 14th, 10:00 am - 11:00 am PT

This presentation will cover the recent spate of class actions being filed against landlords and property managers relating to tenant protection statutes, which include challenges to rent increases, late fees in residential...more

Dunlap Bennett & Ludwig PLLC

Notice Landlords – New Changes Coming To Virginia Law

The Virginia Residential Landlord Tenant Act governs the relationship between landlords and tenants in Virginia, whether large or small, formal or informal, between a tenant and a large apartment complex, or between two...more

Vinson & Elkins LLP

Be Careful with Letters of Credit

Vinson & Elkins LLP on

On March 10, 2023, the California Department of Financial Protection and Innovation closed Silicon Valley Bank, Santa Clara, California (“SVB”) and subsequently appointed the Federal Deposit Insurance Corporation (“FDIC”) as...more

Cozen O'Connor

Washington Commanders Settle for $625,000 over Ticket Holders’ Security Deposits

Cozen O'Connor on

District of Columbia AG Brian L. Schwalb reached a settlement with Pro-Football, Inc., the operator of the Washington Commanders NFL franchise, to settle allegations that the company violated the District’s consumer...more

Kelley Drye & Warren LLP

D.C. Attorney General Settles with Washington Commanders Over Misleading Deposits

Earlier this week, District of Columbia Brian Schwalb settled one of two outstanding lawsuits against the Washington Commanders – this time over allegedly deceptive practices related to security deposits paid by season ticket...more

Holland & Knight LLP

Spring Cleaning of Letters of Credit as Lease Security Deposits: Time to Reconsider?

Holland & Knight LLP on

In light of the recent turmoil in the banking market, it is a good time for landlords to do some spring cleaning and review any letters of credit being held as lease security. As a general rule, letters of credit have been...more

Winstead PC

The Silicon Valley Bank Failure: Implications on Commercial Leasing

Winstead PC on

This past Friday, March 10, 2023, the Federal Deposit Insurance Corp. (FDIC) announced its takeover of the failed Silicon Valley Bank (“SVB”) after a run on the bank late last week caused the largest-scale U.S. bank failure...more

Bowditch & Dewey

Silicon Valley Bank Closure Impact on Lease Security

Bowditch & Dewey on

The impact of the California Department of Financial Protection and Innovation taking possession of Silicon Valley Bank (SVB) and appointing the Federal Deposit Insurance Corporation as receiver for SVB is receiving thorough...more

A&O Shearman

Tenant Security Deposit or Unsecured Loan? State Law Disparity Leads to Forfeiture

A&O Shearman on

Last month, Judge Caproni of the Southern District of New York issued a ruling stating that if a commercial lease does not require a landlord to hold a security deposit in trust and if there is no state statute generally...more

Kramer Levin Naftalis & Frankel LLP

Tenants Beware: When Your Deposit Lacks Security

Security deposits are a fundamental landlord protection under leases with the expectation of tenants that the deposits will be returned upon the expiration of the lease. While landlords frequently consider how to protect...more

Cozen O'Connor

AG Frosh Settles with Kushner-Backed Management Co. Over Alleged Rental Violations

Cozen O'Connor on

Maryland AG Brian Frosh reached a settlement with Westminster Management, LLC—a company owned by the family of Jared Kushner—to resolve allegations that Westminster and several related corporate entities (collectively,...more

ArentFox Schiff

Maximizing the Value of Distressed CCRC Bonds

ArentFox Schiff on

Whether CCRC residency agreements are treated as leases or contracts under state law could impact the recovery of CCRC bonds in the event of the insolvency of the CCRC owner. Some states treat CCRC residency agreements as...more

Cozen O'Connor

AGs Call Foul on NFL Gender Discrimination; Congress Flags Financial Irregularities by Washington Commanders

Cozen O'Connor on

A coalition of six state AGs, led by New York AG Letitia James, issued a letter to NFL Commissioner Roger Goodell expressing concern over the gender-based discrimination and hostile work environment allegations recently...more

Goulston & Storrs PC

Law of the Land - Real Estate Litigation Newsletter - March 2022, Volume I, Issue XII

Goulston & Storrs PC on

CASES OF NOTE - SIMILAR PROJECTS, DIFFERENT DECISIONS - Brossi, et al. v. Town of Grafton Planning Board, et al., No. 19 MISC 000551 (MDV), 2021 WL 5833935 (Mass. Land Ct. Dec. 9, 2021) - The Massachusetts Land...more

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