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• Whose Domain Is It, Anyway? • No Bubbles, No Bursting • The State of Estate Taxes • When Pollution Is the Problem • Do You Need That in a Lease?
• Masters of Their Domain The Supreme Court’s ruling in Kelo means that homeowners and developers are working together to figure out ways to head off eminent domain takings in the name of economic development. • Call It Growth, Not a Bubble So how are we doing? Washington’s residential real estate market is growing steadily, due to limits on overdevelopment and the security of those federal jobs. No bubbles bursting here. • Leaving Property to the Kids Real estate investors should start thinking about how to structure their estate so that taxes don’t leave beneficiaries high and dry. All it takes is a little bit of planning right now. • When You Buy Polluted Land So you’re all set to sign a real estate deal, when some unexpected pollution problems pop up. This wouldn’t be a deal killer if the buyers or the sellers had environmental insurance. • Lighten Laborious Leases The best leases have three characteristics: They are wise, they are efficient, and they do not damage the relationship between the parties. Too often, though, lease agreements are anything but efficient.

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