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Recent changes to the International Fire Code (IFC) could significantly increase repair and property tax costs for apartment owners.
In a new article published at Real Estate Forum, Womble Carlyle Real Estate attorney Morris Ellison looks at the IFC and how retroactively applying new fire safety requirements can create substantial new expenses for property owners.
Click here to read “Sounding the Alarm on Code Compliance Costs” at Real Estate Forum.
Morris Ellison represents local, national and international investors, lenders, and real estate developers in the development, financing and disposition of commercial properties and other assets. Ellison has experience in a variety of complex real estate and business-related issues including the development of several mixed-use projects, real property tax appeals, entity disputes and structuring and complex foreclosures and workouts. He leads Womble Bond Dickinson’s Israel Team and practices in the firm’s Charleston office. Connect with Ellison on LinkedIn.
