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Joshua S. on ContractsCounsel
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5.0 (4)
Member Since:
September 14, 2023

Joshua S.

Managing Partner
Free Consultation
New York, New York
18 Yrs Experience
Licensed in NY
Boston University

Joshua is an experienced attorney with deep expertise in finance, corporate, and business law. He offers practical legal solutions and personal service. As Managing Partner of Soloway Group PC, he advises startups, growing companies and investment funds on key issues, from formation to fundraising, stock issuances, trademarks and general business. He started out structuring funds and transactions at PwC before launching his own firm in 2009. He has been a partner in several New York law firms and has founded several companies including a banking firm, a real estate business, and a Cleantech company. Joshua has also served as Chief Legal Officer and Chief Strategy Officer of several companies in the tech, real estate, consulting, and sustainability industries. Prior to law school he was an early employee at a SoftBank-backed startup until it’s acquisition. Over the years, Joshua has helped many clients to launch, finance and grow successfully.

Sarah P. on ContractsCounsel
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Member Since:
September 12, 2023

Sarah P.

Attorney
Free Consultation
Lemont, Illinois
10 Yrs Experience
Licensed in IL
University of Illinois Urbana-Champaign

Sarah graduated magna cum laude from the University of Illinois College of Law in 2013. Prior to opening her own practice, Sarah worked in a large law firm defending corporate clients. She then transitioned to a smaller firm where her longing to serve clients in the surrounding community became evident. With her prior experience, Sarah opened her own firm in 2016 and has since served Lemont and the surrounding areas.

Joseph K. on ContractsCounsel
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Member Since:
September 13, 2023
Sarah F. on ContractsCounsel
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Member Since:
September 15, 2023

Sarah F.

Junior Partner
Free Consultation
Raleigh, NC
5 Yrs Experience
Licensed in NC, WY
Campbell Law School

Sarah brings together her accounting and legal background to help solve client problems. Sarah couples her broad, general commercial legal background with our client’s international and business problems to arrive at elegant solutions that work for their business.

Sarina G. on ContractsCounsel
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Member Since:
September 14, 2023

Sarina G.

Attorney
Free Consultation
Columbus, Ohio
5 Yrs Experience
Licensed in OH
Capital University Law School

Hi, I'm Sarina. Thank you for taking the time to read my bio! In 2019, I graduated summa cum laude from Capital University Law School. While in law school, I was a staff member and editor on the Capital University Law Review. I was also involved in the Volunteer Income Tax Assistance Program and Operation Legal Help Ohio, a program which provides legal assistance to veterans. One of the highlights of my law school experience was my externship with Judge Jeffrey Sutton in the United States Court of Appeals for the Sixth Circuit. After law school and passing the Ohio bar exam, I worked for two years as an associate at an AmLaw 100 law firm, where my practice focused on corporate, healthcare, and regulatory law. I then took an in-house position at one of the largest insurance brokerage firms in the USA, where I oversaw corporate governance, mergers and acquisitions, contracts negotiations, intellectual property, and other general corporate matters. Specifically, I am proficient in business law, navigating due diligence during acquisitions, contract drafting and review, and providing effective advice in the nuanced field of regulatory law. I prioritize responsiveness and thoroughness. Please do not hesitate to reach out to me with any questions!

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Real Estate Legal Questions and Answers

Real Estate

Quitclaim Deed

Connecticut

Asked on Oct 4, 2023

Pros and cons of using a quitclaim deed?

I recently inherited a property from a family member, and I am trying to figure out the best way to transfer the title of ownership to me. I have heard of quitclaim deeds, and I am interested in learning more about the benefits and drawbacks of using a quitclaim deed to transfer the title of ownership.

Michael C.

Answered Oct 31, 2023

Here are some of the main pros and cons of using a quitclaim deed: Pros: - It's a relatively quick and easy way to transfer property title. The process is simpler than other deed types because no warranty of title is provided. - It can help avoid probate if transferring title from a deceased owner. The property can be transferred without going through probate court. - It's generally less expensive than other deeds. A quitclaim deed is usually considered the simplest and cheapest deed option. - It clears up potential title clouds. It can resolve ambiguities in the property's title history. Cons: - It provides no warranty of title. The person transferring the property does not guarantee they actually own the property. - No liability protection for the recipient. If there are defects in the property title, the recipient has no legal recourse against the grantor. - It may not transfer all interests. Mineral rights, easements, mortgages, and other encumbrances may still exist after the transfer. - The grantor must have valid interest to quitclaim. If the grantor doesn't actually have rights to the property, the deed may be void. - It can facilitate fraud if misused. Care should be taken that the grantor has rights to the property. In summary, a quitclaim deed can be a fast and low-cost option to transfer property title, but provides less protection than other deeds. It's important to be sure the grantor has valid rights to avoid potential title issues. Consulting a real estate attorney can help navigate the pros and cons.

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Real Estate

Real Estate Purchase Agreement

Connecticut

Asked on Apr 19, 2023

Can the purchase price be negotiated and, if so, how?

I am interested in purchasing a piece of property, and am curious if the purchase price can be negotiated. The seller has listed the property for a price which is slightly above what I am willing to pay, and I would like to know if it is possible to negotiate the price lower. I have had experience in negotiating prices in the past, but am uncertain of the legalities involved in this particular situation.

Thomas L.

Answered May 19, 2023

Always. The purchase price is an offer. You can always make a counter-offer.

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Real Estate

Purchase Agreement

New York

Asked on Nov 2, 2023

Are there cancellation fees in purchase agreements?

I am currently in the process of purchasing a home and I have been presented with a purchase agreement. I was wondering if there are any cancellation fees included in the agreement, as I would like to make sure that I am aware of all the terms and potential costs associated with this purchase. I want to make sure that I am fully informed before I make a final decision.

Damien B.

Answered Nov 3, 2023

Hello! I understand you are entering into a Purchase Agreement and want to know whether there are any cancellation fees. First, you would read the agreement to see if there is any mention of termination/cancellation fees such as the loss of the down payment if the buyer attempt to terminate the contract. But, generally, the agreement is binding contract. So, if a buyer attempts to cancel the contract, it could be considered a breach of contract. In that situation, the seller can claim damages, which usually results in a loss of the down payment but also could lead to other monetary claims or a claim to attempt to force the buyer to fulfill the purchase (general called a specific performance claim). Separately, in most cases, if the buyer's ability to purchase the property is dependent on getting a secured loan, usually there would be no cancellation or damage claim and the buyer would have the right to the return of the downpayment (this should be outlined in the contract and is usually referred to as a contingency clause). I hope that helps.

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Real Estate

Building Lease

New York

Asked on Nov 22, 2023

What about taxes in a building lease?

I am in the process of signing a lease for a building for my business. I am looking to understand the tax implications of the lease and what I need to be aware of. I want to make sure I am in compliance with all relevant tax regulations and I am looking for advice on how to best handle taxes in the context of this lease.

Craig C.

Answered Nov 24, 2023

There are several different ways this can be handled: one situation is that you have a base tax year and as tenant are responsible for any and all amounts over that base amount. Another scenario that the Tenant is liable for all of the taxes and associated costs. Finally, and unlikely, the tenant could have zero exposure for taxes, but that’s rare. To sum it up it is whatever you negotiate with the Landlord prior to signing any lease.

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Real Estate

Purchase And Sale Agreement

Georgia

Asked on Sep 9, 2023

Purchase and sale agreement and boundaries?

I am in the process of purchasing a house and the purchase and sale agreement includes the boundaries of the property. I am concerned that the boundaries listed in the agreement do not match the boundaries of the property as shown in the survey, and I would like to know what my legal options are.

Bobby H.

Answered Oct 20, 2023

Your options should be set forth in your purchase and sale agreement. Most agreements provide for amendment and/or cancellation if issues are discovered and not corrected during the due diligence period or short period of time thereafter PROVIDED the seller has been placed on notice in accordance with the terms of the agreement. Regardless whether the sales agreement is amended, verifying and ensuring that the legal descriptions in the final closing documents contain a references to the survey should suffice.

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