When I needed help against a condo association, I called about 20 lawyers. 19 were unwilling to go against the HOA, as they get a lot of business from the association managers.
The last one I called told me that he hates associations. He gave me advice that was outside our dispute (showed me...
It is a rental property. I got a 10-year loan. Pretty high loan origination fee. Accountant amortized it over 15 years. I believe it should have been 10 years.
Yes, I sometimes disagree. Sometimes I right, sometimes I am wrong.
What is the name of your state? FL
I saw my accountant setting the amortization of Loan Origination Fees to 15 years.
It was for a 10-year loan, so I believe the amortization should be 10 years. It is a CMBS loan that can not be extended.
Does anybody know?
Ah okay, we anyhow always request a lien waiver from the subs first before any payment and an affidavit of completion by the contractor before the final payment.
"All work to be performed under the contract has been fully completed, and all lienors under the direct contract have been paid in full."
The last bit I don't get. If the contractor finishes his job and I have 30 day terms and now the NOC expires, how can that be an improper payment?
What would I do to remedy that?
(I am aware of the construction lien law, not talking about that.)
I am quite familiar with construction lien law and NTOs.
However, there is a little bit that I do not understand on a Notice of Commencement (NOC).
I read that any payment that I do after the expiration of a NOC (normally a year, can be shorter) is at risk. I don't understand why...