Ohio House Bill 251 would shorten the statute of limitations for actions upon a contract, and it recently had a second Hearing in the Senate after passing in the House. Ohio’s statute of limitations for breach of written contracts was significantly reduced from 15 years to 8 years in 2012 – not that long ago, when it comes to legislative action. House Bill 251 would further reduce to 6 years the statute of limitations for breach of written contracts. To review the latest version of House Bill 251, click here.
Executive Order signed today by Governor Mike DeWine requests that lenders provide commercial real estate borrowers with an opportunity for forbearance for a term of at least 90 days and that commercial real estate owners suspend rent payments for at least 90 days for small business tenants that are facing hardship due to COVID-19.
As COVID-19 continues to send shockwaves throughout our country, we have had a number of Clients this past week alone ask us essentially the same questions. For the benefit of all of our Clients, here are a few of those questions and our answers.
Sikora Law recently obtained a successful trial verdict in favor of a mortgage holder. At trial, we presented expert testimony supporting the validity of the signature at issue compared to known valid signatures, and also presented testimony from a witness to the execution of the Mortgage. This Decision demonstrates the effectiveness of the use of expert testimony and the value of tracking down witnesses, steps that other firms may not take in developing a case, but which can pay dividends when it comes to obtaining favorable results.
Mike Sikora presented to the Ohio State Bar Association Real Property Section Council (that he will chair in two years) on the newly introduced House Bill 449 that would require reporting and taxation of entity transfers involving real estate. Mike studied and synthesized the laws of every state in the country addressing this subject before making that presentation.
To check out House Bill 449 for yourself, click here.
Sikora Law LLC quarterbacking the real estate legal work for the Pro Football Hall of Fame Village Project—the largest Opportunity Zone development in the State of Ohio. Rick Craven and Mike Sikora, pictured, driving down the field.
This article published by the Cincinnati Enquirer last week (click here) addresses some of the issues associated with our current real property taxation system in Ohio. Cleveland.com also published a story on this subject last year, in which Mike Sikora was interviewed as the expert for the Ohio State Bar Association on this subject. Lawyers in our firm are extremely involved with these issues as representatives for NAIOP and the Ohio State Bar Association, two of the leading associations with an interest in this important subject.”
Sikora Law LLC is proud to announce that Michael Neiman has accepted our offer to join our team! Mike has been an intern with the firm in our central office while attending law school and will be taking the bar exam this August. We are looking forward to him joining our team.