McTaggart & Associates

New form of Commercial Lease Agreement

rmctaggart — Wed, 24 Feb 2010 23:01:49 +0000

NEW NTCAR COMMERCIAL LEASE FORM By Robert D. McTaggart October 15, 2008 On August 27, 2008, the Board of Directors of the North Texas Commercial Association of Realtors (“NTCAR“) approved a new form of Commercial Lease Agreement to replace the previous version of the form that was published in 2001. The new form has been published as part [...]

New Commercial Contract Form

rmctaggart — Tue, 28 Jul 2009 19:33:07 +0000

NEW COMMERCIAL CONTRACT FORM By Robert D. McTaggart, Attorney January 10, 2000 The North Texas Commercial Association of Realtors® (“NTCAR”) recently published a new Commercial Contract of Sale form. The form is being used for many commercial property transactions in Texas. You can distinguish the new form from the old form by looking at the bottom of each page — [...]

Lease “Gross-up” Provisions Made Easy

rmctaggart — Tue, 28 Jul 2009 17:39:41 +0000

A commercial office building lease usually contains a "gross-up" provision. What is a "gross-up" provision, and why it is necessary?

Texas Concealed Handgun Law

rmctaggart — Mon, 27 Jul 2009 19:24:21 +0000

If you can't beat 'em, join 'em! More and more people seem to be carrying guns today, especially criminals. Now Texas has passed a law that allows even law-abiding citizens to carry guns.

Splitting Commissions With Out-Of-State Brokers

rmctaggart — Mon, 27 Jul 2009 19:23:09 +0000

SPLITTING COMMISSIONS WITH OUT-OF-STATE BROKERS by Robert D. McTaggart, Attorney At Law April 2, 1998 Is it permissible under The Texas Real Estate License Act (the "Act") to pay a portion of a commission to a broker licensed in another state? Assume the following: You [...]

Paying a Rebate to a Principal

rmctaggart — Mon, 27 Jul 2009 19:22:24 +0000

PAYING A REBATE TO A PRINCIPAL by Robert D. McTaggart, Attorney At Law January 28, 1997 Assume you are a broker representing a tenant in connection with the negotiation of a lease, and the tenant requires you to pay a portion of your fee to the tenant. Under the Texas Real Estate License Act, are you allowed to [...]

Option Consideration

rmctaggart — Mon, 27 Jul 2009 19:19:33 +0000

OPTION CONSIDERATION by Robert D. McTaggart, Attorney At Law Have you ever wondered why some contracts contain a provision that states that the purchaser has paid the seller $100 as “Option Consideration?” To understand the reason for including a provision like that in a contract, start with the premise that an option requires the payment of consideration [...]

New Agency Disclosure Law

rmctaggart — Mon, 27 Jul 2009 19:17:03 +0000

NEW AGENCY DISCLOSURE LAW