Is Time On Your Side? Best Practice for Purchase Contract Date Extensions

By | The Lay of the Land | January 20, 2014
Is Time On Your Side?  Best Practice for Purchase Contract Date Extensions

The “time is of the essence” clause in a standard purchase contract is often treated as “boilerplate”, but this short, simple statement can be critically important, as it makes it “essential” that the parties perform their obligations by the relevant dates and times specified in the contract (e.g., the date by which a deposit must be paid or closing must occur).

Searching for the Escape Hatch: The Variance

Searching for the Escape Hatch: The Variance

Although it is a familiar term in the zoning lexicon, the variance is one of the least understood devices in the zoning toolbox. Known to dirt lawyers as the “escape hatch,” the variance gives relief to property owners from zoning requirements where the strict application of the zoning ordinance would be unconstitutional as to a particular property, often because of a unique characteristic of the site.