Summary Section 1031 exchange agreements with intermediaries affected by COVID-19 may wish to insert the following language: Limited Force Majeure Extension. If, due to a disaster or other unforeseeable circumstances (including COVID-19), the exchanger cannot perform, then the time for the performance of any action required by exchanger for either an identification or completion of […]
READ MOREThe CARES Act has a major impact on federally-backed funded multi-family communities, and in some instances, may not only delay evictions for 120 days, but in some circumstances may further prevent eviction of non-paying tenants for nearly 1½ years. CARES Act Federal Loan – Tenant Eviction Protection While meaning to do good, the CARES Act […]
READ MOREUnder the CARES Act, the Small Business Administration (SBA) will offer advances and low-interest economic injury disaster loans (EIDL) to small businesses adversely affected by the Coronavirus (COVID-19). Presently, the SBA is taking pre-applications, wherein there are essentially two parts: (i) a request for an advance that is not repayable; and (ii) a request for […]
READ MOREDear Tenant: California’s and Los Angeles County’s Stay-At-Home orders affect all residents. Here are a few of the many public resources that may help you: Employer Paid Sick Leave Under federal emergency legislation, if you cannot go to work or telecommute, your employer may be required to pay you for up to two (2) weeks […]
READ MORECOVID-19 EMERGENCY TELEWORK POLICY AND ACKNOWLEDGEMENT I. Purpose. On March 19, 2020, Gavin Newsom issued Executive Order N-33-20 proclaiming a State of Emergency under California law as a result of the threat of COVID-19 (the “Executive Order” or “Stay-at-Home Order”). The Stay-at-Home Order requires compliance with the directive of the State Public Health Officer as […]
READ MOREUnder recent legislation, employers are now federally required to provide paid leave, beginning April 1, 2020, for certain employees unable to work due to the COVID-19 pandemic. The Department of Labor (DOL) recently issued temporary regulations, scheduled for publication April 6, 2020, covering paid leave under the Families First Coronavirus Response Act (FFCRA). In this […]
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