Please join us for our free Condo Seminar with Lauren Pair on May 21st. The seminar will include talks by condominium conversion attorney Steven M. Buckman of BuckmanLegal PLLC and Palisades Title Company and featured speaker Lauren Pair, Esquire, the Rental Conversion and Sale Administrator for the District of Columbia. The Rental Conversion and Sale Division regulates a tenants' right to purchase, the conversion of property to a condominium, conversion fees and the Structure Defect Warranty Claim Program.
Our seminar will be conducted on Tuesday, May 21st, between 2:30 p.m. and 4:30 p.m. at the DC Boathouse Restaurant which is located at 5441 MacArthur Blvd. NW, Washington, DC (MacArthur Blvd. NW at Cathedral Ave. NW). Hors d'oeuvres and beverages will be served.
In the condo seminar, we will be providing information about the proper way to conduct condominium registrations and conversions in the District of Columbia, and Ms. Pair will discuss the impact of Tenant Opportunity to Purchase Act (TOPA) rights on the conversion process. There will also be a Q&A session that will allow you to ask questions directly to Mr. Buckman and Ms. Pair.
Seating will be limited so please RSVP today by sending an email to Norman@BuckmanLegal.com or by calling Ms. Norman at 202-351-6100 ext. 0 and providing us with your name and email address.
Showing posts with label property. Show all posts
Showing posts with label property. Show all posts
Monday, April 29, 2013
Friday, February 12, 2010
New Vacant Property Tax Rate
New tax rates for vacant properties will go into effect this March. The default of $10 tax for each $100 of assessed value for vacant properties will drop down to $1.65 for each $100 of assessed value (up to the first $3,000,000 of assessed value). In other words, the default rate will switch from Class III to Class II without any need to qualify the property for an exemption.
This does not mean that owners have been given a green light to neglect their properties. The city can still go after blighted properties in a number of ways, including application of the Class III rate of $10 tax for each $100 of assessed value for vacant properties. To avoid a finding by the DCRA Office of Vacant Property that a property is blighted, the owner should take a number of steps, including but not limited to the following: (1) Make sure that the property does not pose any threat to the health or safety of the community. (2) Maintain the landscaping of the property. (3) Improve the appearance of any scructures on the property by removing boards that have been used to board up windows and other openings, remove or paint over graffiti, secure doors and windows against intruders, and protect the exterior surfaces by applying paint or other materials. This is not intended to be an exhaustive list of steps that an owner must take to avoid a blighted property qualification. For more information on the subject, consult the DCRA Office of Vacant Property.
Owners of vacant properties are required by law to fill out the registration form provided by the Office of Vacant Property and file it with the Office of Vacant Property.
If you have would like to find out more about the rules pertaining to vacant properties in the District of Columbia, please contact us at BuckmanLegal PLLC by calling 202.351.6100 or send an email to info@buckmanlegal.com.
This does not mean that owners have been given a green light to neglect their properties. The city can still go after blighted properties in a number of ways, including application of the Class III rate of $10 tax for each $100 of assessed value for vacant properties. To avoid a finding by the DCRA Office of Vacant Property that a property is blighted, the owner should take a number of steps, including but not limited to the following: (1) Make sure that the property does not pose any threat to the health or safety of the community. (2) Maintain the landscaping of the property. (3) Improve the appearance of any scructures on the property by removing boards that have been used to board up windows and other openings, remove or paint over graffiti, secure doors and windows against intruders, and protect the exterior surfaces by applying paint or other materials. This is not intended to be an exhaustive list of steps that an owner must take to avoid a blighted property qualification. For more information on the subject, consult the DCRA Office of Vacant Property.
Owners of vacant properties are required by law to fill out the registration form provided by the Office of Vacant Property and file it with the Office of Vacant Property.
If you have would like to find out more about the rules pertaining to vacant properties in the District of Columbia, please contact us at BuckmanLegal PLLC by calling 202.351.6100 or send an email to info@buckmanlegal.com.
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