Ohio lawmakers completed a significant override of Governor Mike DeWine's budget vetoes in October 2025, fundamentally altering how local governments and school districts can structure future property tax levies. This action by the General Assembly, combined with...
Across the country, a shift is underway in the commercial real estate landscape. Once-unshakable national retail chains are shuttering stores, leaving behind empty spaces in malls and shopping centers. For years, these prime locations were out of reach for smaller...
In Ashmus v. Coughlin, 2025-Ohio-2412, the Ohio Supreme Court provided important guidance on the scope of a seller's disclosure obligations under Ohio Revised Code 5302.30, particularly when it comes to “material defects” in residential real estate transactions. The...
This article is Part One of a multi-part analysis by KJK that will continue to summarize the OBBBA’s implications on various taxpayers and industries. Signed into law on July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) delivers sweeping federal policy changes...
As investors increasingly leverage Section 1031 exchanges to defer capital gains taxes, nuanced scenarios involving interest income on exchange proceeds require careful analysis. A critical but often overlooked aspect arises when interest earned on funds held by a...
A recent Eleventh District Ohio Court of Appeals decision (Bockelman v. Griffin) reminds us that: 1) fraudulent concealment/non-disclosure is an exception to the general real estate principle of “Caveat Emptor” (Let the Buyer Beware); and 2) the Ohio Residential...
The intersection of real estate transactions and tax strategy has long been a focal point for investors seeking to optimize returns while minimizing liabilities. Two powerful tools in this arena – the Membership Interest Purchase Agreement (MIPA) and Section 1031...
Just as your home (vs your entire property) in Ohio is your "castle" in terms of being able to stand your ground and defend yourself/family against an intruder, the Ohio Senate in SB 56 has recently voted to amend Ohio’s recreational marijuana statute (Ohio Revised...
A recent Ohio Court of Appeals decision highlights the importance of clear, precise and complete language in residential as well as commercial leases (and other real estate documents). The General Rule: Judicial Deference to Language Within the “Four Corners” of...
Overview In the recent appellate case Cleveland v. City Redevelopment, L.L.C., 2024-Ohio-5213, the Eighth District Court of Appeals addressed the boundaries of community-control sanctions imposed by the Cleveland Municipal Housing Court. The case underscores critical...