Landlord–tenant law

A word to landlords about eviction moratoriums

Retrieved on: 
Monday, March 29, 2021
Landlord–tenant law, Consumer Financial Protection Bureau, Corporate crime, Eviction, Economy, Social issues, Eviction in the United States

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Key Points: 
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    According to a recent CFPB report, the pandemic has left more than 8.8 million consumers behind on their rent.

  • Tenants at risk of homelessness are disproportionately people of color, primarily Black and Hispanic families.
  • If you work in the housing sector, youll want to read ajoint statement from FTC Acting Chair Slaughter and CFPB Acting Director Uejio on that subject.
  • The CDC has just announced a 90-day extension of its eviction moratorium for non-payment of rent and has issued procedures for eligible tenants to follow to put a temporary halt on the eviction process.

As Eviction Cliff Nears, Here's How Millions Can Keep Their Homes

Retrieved on: 
Monday, March 29, 2021
Landlord–tenant law, Real estate, Eviction, Forced migration, Housing, Zillow, Finance, Economy

"Job disruptions and economic hardships brought by the pandemic have hit renters particularly hard, and the number at risk for eviction is staggering.

Key Points: 
  • "Job disruptions and economic hardships brought by the pandemic have hit renters particularly hard, and the number at risk for eviction is staggering.
  • "We know two things for certain: the current eviction moratorium is succeeding at keeping renters in their homes, and millions of renters believe that they will be evicted in coming months.
  • According to Zillow's analysis of the Census Bureau's Household Pulse Survey , some 3.4 million Americans say they are at risk of eviction this spring.
  • The analysis assigns eviction probability distributions to verbal survey responses like 'very likely', 'somewhat likely', 'not very likely', and 'not at all likely'.

Autolus Therapeutics Announces Updated Manufacturing Facility Strategy Leveraging its UK Operations

Retrieved on: 
Monday, March 29, 2021
Articles, Business law, Contract law, Landlord–tenant law, Lease, Property law, Law, Business

Autolus now plans to establish global commercial launch capacity in the UK, enabling the company to leverage the expertise and skill base of its U.K. employees.

Key Points: 
  • Autolus now plans to establish global commercial launch capacity in the UK, enabling the company to leverage the expertise and skill base of its U.K. employees.
  • This will be provided by a combination of the existing clinical trial manufacturing facility at The Cell and Gene Therapy Catapult (CGTC) facility and a new Autolus facility.
  • This revised strategy aims to deliver a less capital-intensive commercial manufacturing infrastructure at a lower cost base.
  • In conjunction with this new facilities strategy, Autolus lease for the manufacturing and office facility at 9950 Medical Center Drive in Rockville, MD, has been mutually terminated, triggering a cash payment to Autolus and ending all of the companys payment obligations under the lease.

Victory! Second Circuit Refuses to Make Landlords Liable for Tenant-on-Tenant Racial Harassment

Retrieved on: 
Friday, March 26, 2021
Legal documents, Landlord–tenant law, Law, Articles, Amicus curiae, Roman law, Lease, Private law

Out of more than a dozen amicus briefs filed, NCLAs brief was the only one not filed in support of the plaintiff and expanding liability.

Key Points: 
  • Out of more than a dozen amicus briefs filed, NCLAs brief was the only one not filed in support of the plaintiff and expanding liability.
  • This novel theory of liability would have recognized a racially hostile housing environment claim against landlords based on egregious tenant-on-tenant racial harassment.
  • HUDs brief to the panel argued [a]s a reasonable interpretation of the FHA, HUDs final rule is entitled to deference underChevron.
  • NCLA released the following statement:
    The Second Circuits en banc majority opinion is a welcome course-correction of an earlier panel ruling that had found retroactive landlord liability for tenant-on-tenant harassment.

I Squared Capital Acquires Star Leasing, A Leading Trailer Lessor in the United States

Retrieved on: 
Wednesday, March 24, 2021
Transport, Trucking, Articles, Business, Business law, Contract law, Landlord–tenant law, Lessor, Property law, I Squared Capital, Law, Limited liability partnership, I Squared Capital, Star Leasing Company

I Squared Capital, through its ISQ Global Infrastructure Fund II, has acquired Star Leasing, a leading trailer lessor in the U.S., from its shareholders.

Key Points: 
  • I Squared Capital, through its ISQ Global Infrastructure Fund II, has acquired Star Leasing, a leading trailer lessor in the U.S., from its shareholders.
  • White & Case LLP is legal advisor to I Squared Capital and Ice Miller LLP is the legal advisor to Star Leasing for this transaction.
  • Star currently employs 300+ people across 13 locations in the Midwest and Southeastern parts of the United States.
  • Star also provides over-the-road breakdown services via its own in-house SBS (Star Breakdown Service) department, staffed 24/7/365 by highly-trained Star employees.

DGAP-News: VIB Vermögen AG: VIB with successful prolongation of three rental contracts with a total of around 62,000 square meters

Retrieved on: 
Friday, March 19, 2021
Articles, Business, Landlord–tenant law, Altötting, Haiming, Germany, Haiming, Logistics, Baunatal, Lease, Regensburg

Neuburg/Danube, March 19, 2021 - VIB Vermgen AG, a company specialising in the development, acquisition and portfolio management of commercial real estate, has extended leases for its properties in Baunatal, Haiming and Regensburg totalling 62,000 square metres.

Key Points: 
  • Neuburg/Danube, March 19, 2021 - VIB Vermgen AG, a company specialising in the development, acquisition and portfolio management of commercial real estate, has extended leases for its properties in Baunatal, Haiming and Regensburg totalling 62,000 square metres.
  • The lease for the logistics facility in Haiming with a lettable area of around 38,500 square metres was extended by another ten years with the existing tenant, a medium-sized logistics company.
  • The logistics property in Baunatal with a lettable hall and office area of around 11,400 square metres was let to a logistics company for five and a half years from 1 March 2021.
  • In Regensburg, the lease of a logistics hall with a lettable area of around 12,250 square metres was also extended by 18 months with the existing tenant.

Supporting Small Businesses before the Pandemic: Northern Leasing Systems, Inc. Celebrates 30-Year Anniversary of Providing Access to Credit Card Machines to Businesses

Retrieved on: 
Thursday, March 18, 2021
Articles, Business law, Contract law, Landlord–tenant law, Lease, Property law, Law, Business

Northern Leasing Systems, Inc. had a head start in this same cause 30 years before the prior to the pandemic.

Key Points: 
  • Northern Leasing Systems, Inc. had a head start in this same cause 30 years before the prior to the pandemic.
  • "From the onset of Northern Leasing, we have always operated our business model from outside in.
  • Northern Leasing provided an unprecedented opportunity for small and medium sized businesses to lease credit card machines.
  • Northern Leasing Systems is a New York City-based equipment finance company specializing in the origination and servicing of micro-ticket leases.

Swapalease.com Releases Latest Figures on Lease Credit Approvals Showing Slight Increase for February

Retrieved on: 
Monday, March 15, 2021
Finance, Money, Leasing, Contract law, Articles, Landlord–tenant law, Business law, Renting, Vehicle leasing, Lease, Draft:Truck Lease

CINCINNATI, Ohio, March 15, 2021 (GLOBE NEWSWIRE) -- Swapalease.com, the nations largest car lease marketplace, reports car lease credit applicants registered a 70.8% approval rate in February.

Key Points: 
  • CINCINNATI, Ohio, March 15, 2021 (GLOBE NEWSWIRE) -- Swapalease.com, the nations largest car lease marketplace, reports car lease credit applicants registered a 70.8% approval rate in February.
  • The approval rate is a slight increase from the 68.3% approval mark that opened up the new year in January.
  • Swapalease.com matches a person wanting out of their existing vehicle lease contract with a car shopper looking to take over a short-term vehicle lease.
  • More specifically Swapalease.com matches individuals who want to get out of their lease with people who are looking for short-term lease agreements.

Willis Lease Finance Corporation Reports Annual Pre-tax Profit of $17.3 million

Retrieved on: 
Monday, March 15, 2021
Articles, Business law, Contract law, Landlord–tenant law, Lease, Property law, Willis Group, Law, Business

COCONUT CREEK, Fla., March 15, 2021 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) today reported annual total revenues of $288.7 million and pre-tax profit of $17.3 million for the year ended December31, 2020.

Key Points: 
  • COCONUT CREEK, Fla., March 15, 2021 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) today reported annual total revenues of $288.7 million and pre-tax profit of $17.3 million for the year ended December31, 2020.
  • For the year ended December31, 2020, aggregate lease rent and maintenance reserve revenues were $248.3 million and spare parts and equipment sales were $18.6 million.
  • Our aggregate lease assets, inclusive of our equipment held for operating lease and notes receivable, at December31, 2020 and 2019 was $2,045.3 million and $1,689.1 million, respectively, a 21.1% year-over-year increase.
  • The book value of lease assets we own directly or through our joint ventures was $2,384.7 million at December31, 2020.

LegalShield February Economic Stress Index Foreshadows Potential Surge in Evictions and Foreclosures Despite Newly Promised Stimulus

Retrieved on: 
Friday, March 12, 2021
Finance, Professional services, Residential Building & Real Estate, Legal, Construction & Property, Real property law, Finance, Money, Land law, United States housing bubble, Mortgage, Eviction, Housing, Landlord–tenant law, LegalShield, Foreclosure, Mortgage loan

While evictions and foreclosures are still well below pre-pandemic levels, millions of homeowners have fallen behind at least three months on their mortgage.

Key Points: 
  • While evictions and foreclosures are still well below pre-pandemic levels, millions of homeowners have fallen behind at least three months on their mortgage.
  • Unfortunately, as our members use our service for advice on foreclosures, evictions, and landlord/tenant issues, we believe we will see a rise in these events.
  • The LegalShield Economic Stress Index is constructed from the companys proprietary data reflecting demand for legal services and provides actionable intelligence about the near-term direction of the U.S. economy.
  • Highlights from the February 2021 LegalShield Economic Stress Index are as follows:
    The Consumer Stress Index edged up in February as more LegalShield plan members sought assistance in dealing with consumer / finance issues including billing disputes, credit repair, insurance matters, etc.