Many DC Landlords simply use free lease form they find on the internet. Don’t. The money you will save is peanuts compared to the potential liability.
As you have no doubt heard, the DC sports betting law became a reality last week when the Council approved the measure by a vote of 11-2. The new legislation comes on the heels of the Supreme Court’s ruling in Murphy v. NCAA, which struck down a Federal Law restricting sports betting.
If you are facing a liquor license protest, you need to be extremely careful when negotiating a Settlement Agreement with the ANC or citizen’s group. Seemingly innocuous or informative language could limit your ability to grow your business. Recently, the Board emphatically squashed a business’ expansion based on such language. This could have been avoided with a carefully worded agreement.
In the time crunch before the end of the Council Period, it seems that the years-in-the-making legislation to quell the practice of rent concessions will finally come to fruition.
Brief history lesson: prior to 2006 Rent Control was based on a system of rent ceilings. The “ceiling” was the maximum chargeable rent under the statute. For a variety of reasons, the “ceiling” would typically be substantially higher than the market rent.