In today’s commercial real estate market, parties increasingly require flexibility when transferring their joint venture interests. Well-crafted transfer provisions can be critical to protecting liquidity, aligning diverging...more
County Council President Evan Glass introduced Expedited Bill 38-23 to modify the Montgomery County, Maryland (County) right of first refusal (ROFR) law to permit the County to assign its ROFR rights to a “qualified entity.”...more
When selling a multitenant property, it is common for sellers and purchasers to enter into a basic assignment and assumption agreement to assign the seller’s interest, as landlord, in all of the leases at the property to the...more