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Results (1,238)
Sean Harris Pulling out 401k money for investing
9 July 2020 | 4 replies
Please note that per the multiple loan rules, the amount of the loan must be reduced by the highest outstanding balance of any other 401k participant loan over the prior 12 months (regardless of whether such other loan is currently outstanding).Monthly or Quarterly Payments: The loan must be paid back in equal monthly or quarterly payments of principal and interest.Interest Rate: The interest rate is equal to prime plus 1% (or CD rate plus 2%) and is a fixed rate that is set at the time that the loan is taken.Term of the Loan: Five-year term unless the proceeds of the loan are used to purchase a primary residence in which case the term of the loan may be up to 30 years.First Payment:For monthly payments, the first payment that would otherwise be due is delayed until January 2021 (e.g. if the first monthly payment would have been due on May 15, 2020, it will be due on January 15, 2021).For quarterly payments, the first payment that would otherwise be due is delayed until the first quarter of 2021 (e.g. if the first quarterly payment would have been due on May 15, 2020, it will be due on February 15, 2021).EXISTING LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.If you meet the above conditions:You may delay making any 401k loan payments due between 3/27/2020 and 12/31/2020.You must commence making loan payments in January 2021 (or the first quarter of 2021 if your loan payments are due on a quarterly basis).If you elect to delay making such loan payments, the term of your loan will be appropriately extended.
Nick D. Tenant Made Unauthorized ADA Repairs without Permits
23 July 2020 | 6 replies
You should give him the option to pay for the ramp and all permits and labor associated with it, so long as you are provided a certificate of insurance that names you as an additional insured party and you sign off on the proposed plans and ramp dimensions prior to the commencement of any work.Again, you should seek the advise of local counsel in your jurisdiction, but I hope this provides you an outsider's view of your bigger picture liability risks.
Stacey Tiamfook Transfer Clause for Corporate Relocation Tenant
11 February 2020 | 2 replies
It goes something like this:Job Transfer In the event that the Tenant, from the commencement date hereof, be transferred from the city of XXX as a direct requirement of their current employer, provided that the Tenant is not in default of any of the provisions of this lease, the Tenant may obtain cancellation of this lease upon the following:By providing the Landlord with written proof of the transfer.By providing the Landlord with at least two month’s written notice of the Tenant’s intention to vacate.By paying rent equal to three months from the date of notice; the remaining term of the lease if less than three months, or until a suitable alternative tenant is found by the landlord.I think that is the gist of it if I remember right.  
Aaron Burns Ihan Omar's free rent bill
23 April 2020 | 15 replies
Tenants will not be reported to any credit bureaus for missed payments- Residential mortgage loans will receive the same treatment as above- No foreclosures will be allowed nor commenced during the suspension period- Once the bill is passed, a system will be put into place to inform tenants & property owners if its passing- If any party is aggrieved by an adverse action taken by a lessor or mortgagee, a civil lawsuit may be commenced against the violating party within a 2-year window.- Violation damages are as follows:1st violation - $5,000 fine2nd violation - $10,000 fine3rd + - $50,000 fine or forfeiture of property
George Kamerzan Adverse Possesion & Boundary Dispute
26 April 2020 | 14 replies
RCW 4.16.020Actions to be commenced within ten years—Exception."
Jia Lin Mechanic's Lien Risk from Subcontractors - Cook County, IL
29 April 2020 | 10 replies
Read the laws carefully though.....here, if you didn’t record the required Notice Of Commencement, the timeline for Notices never starts.  
Amber Gonion St. Paul follows Minneapolis lead in limiting landlord rights
18 June 2020 | 11 replies
Perfect comparability is not required.(16) Substantially Similar Rental Rate shall mean the Displacement Dwelling Unit rental rate plus five percent (5%) or minus ten percent (10%) of the contract rate for a Single Month Rent.(17) Tenant shall mean an authorized occupant of a residential rental building under a lease or contract, whether oral or written.(18) Tenant Protection Period shall mean the period that commences with the transfer of ownership of an affordable housing building and runs through the end of the ninety (90) calendar days following the month in which written notice of sale is delivered to each affordable housing dwelling unit tenant pursuant to Sec. 193.08(a).(19) Transfer of Ownership shall mean any conveyance of title to an affordable housing building, whether legal or equitable, voluntary or involuntary, resulting in a transfer of control of the building, effective as of the earlier of the date of delivery of the instrument of conveyance or the date the new owner takes possession.(20) Termination of Tenancy shall mean the end of a tenancy following a written notice given by a landlord to a tenant requiring the tenant to move, including nonrenewal of lease.
Lucas Miles Minnesota Lease "Authorized Manager of Premises" List LLC?
23 June 2020 | 5 replies
Subdivision 1.Disclosure to tenant.There shall be disclosed to the residential tenant either in the rental agreement or otherwise in writing prior to commencement of the tenancy the name and address of:(1) the person authorized to manage the premises; and(2) the landlord of the premises or an agent authorized by the landlord to accept service of process and receive and give receipt for notices and demands.
Ryan Komagome Prop Mgr Charges % of maintenance
27 June 2020 | 14 replies
If they have to "get back to you" or they commence to tap-dance and make up justification on the spot, then they're the kind of manager that's charging fees just because they saw someone else doing it and you should carefully consider whether to stay with them.There's nothing wrong with fees as long as they are fully disclosed up front and fully (and easily) justified.
Patty Capson Eviction Moratorium Bill in Colorado
18 June 2020 | 6 replies
Polis' order requires only that landlords give 30 days notice before commencing eviction proceedings.