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…
A landlord subordination agreement is a critical document in commercial real estate transactions. In this blog post, we’ll focus on the importance, components, and practical implications of landlord subordination clauses. Whether you are a landlord, tenant, or lender, understanding the subordination of lease agreements is essential when it comes to protecting your interests and ensuring…
When renting a commercial property, it’s crucial to understand the various commercial lease documents involved. Two key documents often mentioned are the estoppel certificate and the lease agreement. While they may seem similar, they serve different purposes and hold distinct importance in the leasing process. Here, we’ll examine the differences between an estoppel certificate and…
