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Bankruptcy Risk for Contractors Caught in the COVID Squeeze
The global pandemic has had an unprecedented impact on the economy and the construction industry in particular. This includes supply chain delays and wild fluctuations in the price of building materials like lumber and steel. Just recently, Katerra f...
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New Homestead Exemption Significantly Impacts Property Owners
In case you missed our blog post on Bank Law Monitor last month regarding the Homestead Exemption, significant changes to the Washington homestead statute were made that impacts property owners and contractors alike. Senate Bill 5408 became effective...
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Addressing Material Price Escalation
The cost of certain critical construction materials has risen exponentially. Global steel production dropped in response to COVID-19, decreasing supply, increasing price. Engineered wood products are scarce, with material suppliers rescinding prior c...
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Master Subcontract Agreements: What You Need to Consider and Why
General contractors have traditionally negotiated individual subcontracts for each new project. This allows for a great deal of flexibility to address project-specific risks and concerns. However, the benefits of this flexibility can sometimes be out...
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Significant Amendments to Washington Homestead Exemption Signed Into Law
May 13, 2021
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On May 12, 2021, Governor Jay Inslee signed SB 5408, enacting a significant increase in Washington’s homestead exemption. The legislation includes other important revisions addressing the treatment of homestead appreciation during a bankruptcy and th...
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Revisit a Lease Form with Lessons from the Pandemic in Mind
This was originally published in The Daily Journal of Commerce Oregon.
COVID-19 affected businesses of all kinds, but few more completely than commercial landlords. The early months of the pandemic saw landlords and tenants alike carefully scrutiniz...
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