If you have ever bought or sold real estate in Philadelphia, you may have noticed a significant line item on the closing documents labeled transfer tax. Many people ask, “What is the transfer tax in Philadelphia?” because it can dramatically affect the total tax burden, the selling price, and how much a buyer and seller…
Roof replacement is one of the most common residential and commercial construction projects in Pennsylvania. Yet many property owners are unsure whether they need a permit to replace a roof in PA or whether the work can legally move forward without submitting paperwork to the local building department. Failing to understand the permitting requirements can…
Property Tax Sales are a significant concern for Pennsylvanians due to the state’s second-highest property tax rates in the United States. When property owners fall behind on their real estate taxes, the state may initiate a tax sale. Many counties utilize what is referred to as an Upset Tax Sale. This legal process allows counties…
Understanding the world of commercial leases can be daunting for both landlords and tenants. One of the most critical aspects of these leases is the rent structure, which can significantly impact a business’s financial health. Let’s delve into the concept of percentage rent and natural breakpoints in commercial leases. What is a Commercial Lease? A…
In Pennsylvania’s legislative landscape, Act 135 stands out as a significant piece of legislation aimed at addressing urban blight and promoting community revitalization. Here, Stoner Law will delve into its intricacies, exploring its key components, the rationale behind its enactment, and its implications for residents and property owners in Pennsylvania. Act 135 Pennsylvania Overview Act…
