“Force Majeure” Clauses [Editor’s Note: This post originally ran on May 29, 2011, after tornadoes damaged scores of North Minneapolis homes. In the wake of Friday’s even more devastating storm — with hundreds of downed trees, smashed cars, and smashed homes throughout the Twin Cities — it seemed timely to re-run.] RISK OF LOSS. If...Read More
Avoiding (Seller) Guilt By Association Blue tarp is almost as ubiquitous in residential real estate as duct tape. Contractors use it to cover in-process projects. Homeowners use it to cover outdoor lawn furniture, firewood, and anything else that might be exposed to the elements. Unfortunately, at least in Minnesota after last year’s spate of Spring...Read More