Previously on this blog, my colleagues posed the question to commercial landlords, “Do you know who’s working in your building?” In this post, I look at a different aspect of the sharing economy—residential short-term rentals (STRs, for short)—and ask, “Do you know who’s living in your apartment?”
Peter Gelzinis is an Associate in the firm’s Boston office. Peter provides advice and counsel to clients on a broad range of real estate matters. Prior to joining Mintz Levin, he served as Law Clerk to the Honorable Keith C. Long of the Massachusetts Land Court. In that capacity, Peter researched and wrote draft decisions, and gained experience with a variety of real estate, zoning, and land use matters.
As a follow up to my colleague Allan Caggiano’s post here on the new 2016 ALTA/NSPS Land Title Survey Standards, the Planning & Zoning Resource Company (PZR) has recently circulated an important advisory on the practical effects of the new survey standards and the interaction between the surveyor and the zoning report that is typically provided by a third party like PZR. Continue Reading Important Changes Resulting from New ALTA/NSPS Land Title Survey Standards
Beginning on February 16 of this year, the rate of tax withholding required by the Foreign Investment in Real Property Tax Act (FIRPTA) will increase from 10% to 15%. FIRPTA imposes federal tax on the sale of an interest in real property located in the United States by a foreign seller. Continue Reading FIRPTA Tax Withholding Set to Increase Effective February 16, 2016