Landlords

City of Milwaukee Board of Review Extends Property Tax Notice of Assessment Objection/Appeal Deadline to June 8, 2020

On Friday, May 15, 2020, the City of Milwaukee Board of Review voted to extend the deadline for filing assessment objections for 3 weeks to Monday, June 8, 2020, at 4:45 p.m. The Board of Review extended the deadline to assist residential property owners, many of whom saw assessment increases, additional time to review their assessments, and communicate with City assessors in light of the...

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SBA Releases PPP Loan Forgiveness Application and Instructions: Lays Out Calculation Process and Clarifies Some Open Questions

SBA Releases PPP Loan Forgiveness Application and Instructions: Lays Out Calculation Process and Clarifies Some Open Questions

On May 15, 2020, the SBA and the Treasury Department released the long-awaited Paycheck Protection Program (PPP) loan forgiveness application and detailed instructions. They also announced that additional regulations and guidance would soon issue to further assist borrowers as they complete their applications, and to assist lenders with their responsibilities. The SBA explained that the...

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Safer At Home Overruled – Is It Business As Usual?

By: Kathy L. Nusslock Part I of Our Business Liability Series on Returning to Work On May 13, 2020, the Wisconsin Supreme Court ruled the Secretary-designee of the Department of Health Services (DHS) failed to follow emergency rule procedures and exceeded her authority when she issued Emergency Order #28, ordering everyone to stay home, closing all "non-essential" businesses, prohibiting private...

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No Hidden Late Fees: Wisconsin Prohibits Residential Landlords from Charging Fees and Penalties for Late Rent Payment during the COVID-19 Pandemic

By: Blake A. Nold and Michael T. Van Someren The coronavirus pandemic has led to the vast majority of states across America issuing orders affecting the rights of landlords, tenants, and financial institutions. Here in Wisconsin, Governor Evers issued Emergency Order #15, placing a temporary ban on eviction actions from March 27, 2020 through May 26, 2020, a period of 60 days. As a result,...

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City of Milwaukee Property Tax Notice of Assessment Objection/Appeal Deadline – May 18, 2020

By: Christopher J. Jaekels and Ryan M. Spott The City of Milwaukee recently sent its 2020 “Notice of Assessed Value – Real Property” to City of Milwaukee property owners. City of Milwaukee property owners can all expect one commonality—an increase in assessed values across all 15 of the City’s aldermanic districts. According to the Assessor’s Office, the average assessment increased 9.14%...

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The Rise of Real Estate Funds – How Real Estate Investors Can Efficiently Raise Capital to Facilitate Development and Acquisitions

By: Michael Van Someren and Joseph E. Tierney IV Real estate funds have been on the rise in recent years for a variety of reasons including deregulation, low interest rates, investors seeking a higher return on investment, and a desire by many investors to invest in tangible assets rather than stocks and bonds. With recent economic fallout from the COVID-19 pandemic and its effect on the stock...

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Strategies for Landlords in Dealing with Tenants in Light of COVID-19

By: Joseph E. Tierney IV and Michael Van Someren Tenant economic issues due to COVID-19 have been well publicized and programs have been put in place to help tenants. Landlords, on the other hand, feel much of the same pain but that pain has not been well publicized, nor has it been addressed by federal or state programs. While landlords appear to have fewer options than tenants at this time,...

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To Keep Your Real Estate Deals Moving, Consider a Pause Provision

Within less than a month, the outbreak of COVID-19, and government countermeasures deployed to blunt its effect, has brought a vibrant economy grinding to a halt. In particular, what was a lively commercial real estate market buttressed by strong economic fundamentals, only weeks ago, is beginning to slow due to the uncertainty caused by the pandemic. At the individual deal level, parties are...

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Governor Evers Orders Suspension of Evictions and Foreclosures for 60 Days During COVID-19 Crisis

Governor Evers Orders Suspension of Evictions and Foreclosures for 60 Days During COVID-19 Crisis

By: Sherry D. Coley and Tiffany E. Woelfel On March 27, 2020, Governor Evers issued Emergency Order #15, which temporarily bans evections and foreclosure actions over the next 60 days. Landlords and financial institutions must take note of the various restrictions imposed by Emergency Order #15. Provisions Affecting Landlords First, a landlord’s ability to serve notice terminating a tenancy is...

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Stay-At-Home and Safer At Home Orders Impose Restrictions on Residential Landlords and Rental Property Managers

By: Daniel A. Kaminsky On March 23, 2020, the City of Milwaukee Health Department published the Order of the City of Milwaukee Commissioner of Health Imposing A City-Wide “Stay-At-Home” Requirement To Mitigate The Spread of COVID-19 (the “City of Milwaukee Order”)[1].  On March 24, 2020, the State of Wisconsin Department of Health Services published Emergency Order #12 Safer At Home Order (the...

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