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Safe harbor provisions appear in a number of laws and in many contracts. An example of safe harbor in a real estate transaction is the performance of a Phase I Environmental Site Assessment by a property purchaser: creating a "safe harbor" protecting the new owner if, in the future, contamination caused by a prior owner is found. Another common ...
Five years ago, the city of Beaufort ran afoul of South Carolina state law when it authorized a 40-year lease with Safe Harbor Marinas to run its downtown marina, the city manager acknowledged on ...
The Fair Housing Act was passed at the urging of President Lyndon B. Johnson. Congress passed the federal Fair Housing Act (codified at 42 U.S.C. 3601-3619, penalties for violation at 42 U.S.C. 3631) Title VIII of the Civil Rights Act of 1968 only one week after the assassination of Martin Luther King Jr.
Rent control laws define which rental units are affected, and may only cover larger complexes, or units older than a certain date. To attempt to not disincentivise investment in new housing stock, rent control laws often exempt new construction. For example, San Francisco's Rent Stabilization Ordinance exempts all units built after 1979. [63]
The ordinance also requires property owners, if they do not live near Hanover, to designate a local property manager that must be within 40 miles of the borough in the event of an emergency.
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This revenue procedure creates a safe harbor for taxpayers wishing to use Section 1031 with properties that follow a simple set of rules: For a minimum of two years prior to, and after the exchange: The property must be rented for a minimum of 2 weeks to a non-relative.
It’s called a safe harbor provision because it’s a kind of insurance policy by which a state can lock in its electoral votes by finishing up certification of the results and any state court ...