During these times of COVID-19 related business and office quarantining and closures, companies and their employees are learning new ways to be efficient and productive. Remote working, while certainly a pre-COVID-19 option, has become the new normal. Workers have become adept at completing tasks and projects away from the office, using platforms like remote-desktop for access to business computer servers and Zoom, Microsoft Teams and others to hold meetings. There are certainly arguments for cost and time savings related to having employees work remotely, and to the extent a company has seen this be successful, they may be considering abandoning the physical workplace. Consequently, many are asking if this is the true wave of the future. Can online meeting platforms really replace the crucial connection that people get when having face to face interaction?
Effective as of May 15, 2020, at 5 p.m., Governor Hogan has amended Maryland’s COVID-19 “Stay at Home Order” to ease certain restrictions on businesses and gatherings and to allow for the re-opening of certain businesses. This article discusses Order No. 20-05-13-01. A link to the complete Order appears at the end of this article.
Many leases for retail spaces, including restaurants, include terms that require the tenant to pay to the landlord a percentage of profits earned from gross sales. This “percentage rent” payment is over and above the monthly base rent, operating costs and taxes that the tenant also pays the landlord under the lease.
All of us who are trying to figure out how best to help our companies survive and perhaps even thrive in the coronavirus crisis should be sure to review and evaluate the insurance policies we carry to protect our companies from unexpected loss. While none of us fully understand the extent of what the current losses could be, a wise business owner looks to all possible ways of mitigating whatever losses do arrive.
COVID-19 closures, stay-at-home orders, and governmental restrictions are wreaking havoc on otherwise happy business relationships. Meeting monthly payment obligations is one major concern facing all parties as the calendar turns to April without an end to the pandemic crisis.
Coronavirus (Covid-19) is sure to quickly take its toll on commercial leasing for both Landlords and for Tenants.
In the last two years, businesses and professionals in Maryland and Washington, D.C., have had to quickly pivot to avoid the negative economic impacts of completely unexpected events outside of their control. First, there were tariffs and trade restrictions, followed quickly by the Coronavirus global pandemic.
Are you thinking about offering your home as a short-term vacation rental? Next to driving for Uber, short-term vacation rentals are the latest craze in side-hustles. But before you clean out that extra bedroom and list your home on Airbnb or another online vacation rental website, you’d better make sure that you have the legal right to do it. If you live in a condominium or a community with an HOA, the covenants, conditions and restrictions (CC&Rs) may prohibit it. In addition, many counties and cities have legal restrictions on short-term home rentals. So you also need to check your local zoning laws and ordinances to see if there are any such prohibitions.
