“Does it make sense to me?” is a standard I use on just about everything in my daily life, including: when I speak to and listen to my son; what my neighbor tells me about a situation; what I observe while driving my car; the prices or the items on a store; while walking at… Read more »
The best way I know how to organize a closing is by stages. Nevertheless, the most important aspect of this is to establish the stage in coordination with the client and all those involved in the closing BEFORE step one is even taken. I have come to learn that a critical tool in achieving a… Read more »
There are a few categories of real estate transactions in which certain potential liabilities could occur or “appear” after the closing. In this regard, I want to shed some light on how to handle these situations through the use of an escrow account, communicate why sometimes funds need to be withheld from the seller, and… Read more »
Buying a home in Puerto Rico is a unique experience, to say the least. Every facet of the transaction brings with it some small wrinkle or curveball that you may not see coming. Don’t get me wrong, you’re still jumping through the same hoops and meeting the same requirements if you were to buy a… Read more »
Purchasing a property through an LLC has benefits and also a few implications. The purpose of this post is not to discourage anyone from using an LLC, but rather to provide information on some of its implications. First and perhaps foremost, the Puerto Rico Power Authority (“PREPA”) will want to charge your electricity at commercial… Read more »
You don’t have to look too hard to find reasons why purchasing a vacation home or even a primary residence in Puerto Rico is a great idea. This island nation offers up the beautiful beaches, abundant greenery, and balmy temperatures (around 80 degrees Fahrenheit year-round) that one would expect from a tropical locale. However, there… Read more »
Important Terms Defined At my law firm, we work with lawyers from many areas of the world. I find that a high percentage of the lawyers that call me to look into working together on behalf of a particular client, are very competent lawyers. Competency is simply defined in the Merriam-Webster Dictionary as “an ability… Read more »
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