A Section 1031 tax-deferred exchange allows commercial property sellers to defer capital gains taxes by reinvesting proceeds in replacement property. Upon the owner’s death, heirs may avoid capital gains taxes entirely using a stepped-up basis.
Since 2016, landlords must follow HUD's Criminal Background Guidance when evaluating criminal background checks on applicants. The guidelines require an individualized assessment of applicants with criminal histories, considering factors like severity, time elapsed, and rehabilitation. Arrests without convictions cannot be used, and discrimination is prohibited. Failing to comply can trigger violations, lengthy investigations, and severe…
