New Ohio Statute – “Transfer on Death” Deed
Ohio’s newest real property enactment, the “Transfer on Death” (“TOD”) deed, was effective August 29, 2000, without fanfare. Importantly, however, this new law will, literally, avoid probate and related costs! By dramatically simplifying the process of transfers of any interest …
New Mechanics’ Lien Laws Enacted; Affect Public and Private Work
Significantly, five changes in Ohio law, now affect all public and private construction contracts and work. These enactments, under House Bill 71, the Fairness in Construction Contracting Act, were effective 09/29/98. These new laws were made to amend Section 153.56 …
Reservation of Rights
Policies of insurance may actually contain provisions for specific exclusions from coverage, including reservation of rights. Some of these exclusions may be, among others, for “Acts of God,” or “intentional acts,” of the insured. And, under the facts of any …
Mechanics’ Liens; Notice of Furnishing Mandatory
Mechanics’ Liens laws in Ohio, applicable to contractors, subcontractors and suppliers, were drastically changed by the enactment of Ohio’s “Prompt Payment Act” more than seven years ago. More recent amendments, in the form of the Fairness in Construction Contracting Act …