Fox & Moghul - Real Estate
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Northern Virginia Legal Blog

INVESTING IN REAL ESTATE IN VIRGINIA USING LIMITED LIABILITY COMPANIES (LLCS) – WHAT YOU SHOULD KNOW

By Published by posted in Commercial Real Estate, Estate Planning, Real Estate on August 27, 2020

Also read Introduction to Limited Liability Companies in Virginia The LLC Is an Entity Separate and Distinct from Its Owners The single most common reason people hold hold property in an LLC is to protect their personal assets This can be done because “[l]ike a corporation, a limited liability company is a legal entity entirely […]

Tenants In Common, Joint Tenants With Right of Survivorship, Tenants by the Entirety – READ THIS before Co-Owning Property With Someone Else

By Published by posted in Contract Law, Power Of Attorney, Real Estate on August 17, 2020

Types of Property Ownership and the legal effect of each type of ownership!

LLC vs S-Corp vs LP vs C-Corp – What type of business entity should you choose?

By Published by posted in Business Law, Business Planning, Real Estate on August 16, 2020

BUSINESS ENTITIES – COMPARISON CHART Copyright © Fox and Moghul 2020 Entity Limited Liability Company (LLC) S Corporation C Corporation Partnership Description An LLC can only be formed by making appropriate filing with the state (see below). Owners are called members and the LLC may be managed by the members, similar to a partnership, or […]

Virginia Residential CONTRACTORS (Classes A, B and C) – Clauses You Must Have In Your Consumer Contracts Per the DPOR

By Published by posted in Contract Law, Litigation, Real Estate on August 16, 2020

Virginia Contractors (Classes A, B and C) and DPOR Compliant Contracts By Faisal Moghul of Fox & Moghul posted in Real Estate Law on Monday, March 11, 2019. Certain activities related to the construction, repair or renovation of real property require a contractor’s license. Virginia Code § 54.1-1100 defines a “Contractor” as follows: “Contractor” means any person, that for a […]

Coronavirus and Your Mortgage – Possible Options for Borrowers Affected By COVID-19

By Published by posted in Commercial Real Estate, Litigation, Real Estate, Residential Purchase and Sale Contracts on August 16, 2020

By Faisal Moghul of Fox & Moghul posted in Real Estate Law on Thursday, March 26, 2020. COVID-19 has wreaked havoc with the ability of many people to timely pay their current mortgage. We at Fox & Moghul have been receiving a high-volume of calls by distressed homeowners seeking assistance on this issue. If you are one of those affected […]

WHAT CAN I DO IF I OWN A PROPERTY WITH MY GIRLFRIEND OR BOYFRIEND, AND WE HAVE BROKEN UP?

By Published by posted in Estate Planning, Litigation, Real Estate on August 16, 2020

This is a very common question pertaining to the relative rights between unmarried couples who co-own property. In other words, home ownership among nonmarried couples. Typically, a boyfriend-girlfriend decide to buy real estate together and the deed lists both of them as co-owners of the property. Soon, things go south and the parties start fighting […]

HOW TO TRANSFER TITLE OF PROPERTY FROM LLC TO MYSELF – Deed, Title, and Other Key Considerations

By Published by posted in Business Law, Business Planning, Real Estate on August 16, 2020

When it comes time to divest an LLC’s real property there are certain procedures that must be followed. We will presume that title was transferred from a member of the LLC, from one who held title in his individual name, and conveyed through a deed of gift. If income was produced from the property during […]

LIMITED LIABILITY COMPANIES – WHAT IS A QUALIFIED INCOME OFFSET?

By Published by posted in Business Law, Business Planning, Real Estate on August 16, 2020

By Faisal Moghul of Fox & Moghul posted in Business Formation And Planning on Friday, September 14, 2018. Have you ever used a boilerplate LLC Operating Agreement for your business? Have you ever wondered about some of the drastic legal consequences that the boilerplate language in such operating agreements can have for your business? Consider the following hypothetical, which pertains […]

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