Richard T. Liuzzi, Esq.

20/03/2025

What’s news?

The Virginia Assembly recently ended its legislative session, sending two housing related bills to the Governor’s desk to sign. As of yesterday, the Governor hadn’t vetoed or signed either bill. But if he does nothing by March 25, 2025, both bills will be deemed approved and become law.

Senate Bill 812 would increase the mandatory waiting period for a landlord to serve a tenant with written notice for nonpayment of rent. This bill would extend the grace period for nonpayment of rent from five days to 14 days. If the bill becomes law, it will have an effective date of July 1, 2025.

Senate Bill 1313 would authorize localities in the to provide for affordable housing dwelling unit (“ADU”) programs. All localities would be able to amend their zoning ordinances for ADU programs. Currently, only certain localities are currently permitted to do so. If that Bill becomes law, it will have a delayed effective date of July 1, 2026.

12/03/2025

For all you Loudoun County property owners and realtor selling in Loudoun, Gary Clemens, our County Clerk, has established a notification system that alerts you if someone records a document with your name in it.
Unlike the home title locking system, this is free.

08/10/2024

For current wind and weather information, here’s an app that can help you.

Live wind, rain, radar or temperature maps, more than 50 weather layers, detailed forecast for your place, data from the best weather forecast models with high resolution

03/05/2024

Realtors, this is for your information. Especially if you do rentals.

On April 29, HUD issued a document setting out guidance for landlords on tenant screening. The purpose of the guidance is to assist landlords to avoid Fair Housing Act violations.

This is a particular issue for landlords who use separate screening companies, especially those who use Artificial Intelligence in their screen processes. Much of HUD’s guidance deals with the use of AI.

If you work with residential landlords, you will probably want become familiar with this new guidance. You will find it at Guidance on Application of the Fair Housing Act to the Screening of Applicants for Rental Housing (hud.gov)

Secure .gov websites use HTTPS A lock ( ) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

18/02/2024

As an independent contractor or small business owner, here's a fact you should know.

In the US tax system, estimated income tax payments must be made to the IRS throughout the year as income is earned.

Individuals and corporations that underpay their taxes during the year are assessed extremely painful estimated tax penalties by the IRS.

As recently as 2022, the penalty was only 3%.

But with the rapid rise in interest rates, the penalty has risen. The estimated tax penalty is now a whopping 8% from October 1, 2023, through March 31, 2024—the highest it has been since 2007!

The estimated tax penalty is at a 16-year high!

You should also know that the penalty is not deductible, so your effective penalty rate is much higher than the 8%!

Ouch! The Estimated Tax Penalty Is at a 16-Year High

26/01/2024

2023 was a banner year for Century 21 Commercial New Millennium, ranked by the C21 Commercial® Network (CCN) as the No. 7 commercial real estate company by sales production among 560 U.S. franchises. And, the Ashburn office ranked #2 among 995 C21 Commercial offices nationwide! Way to go, team!

26/01/2024

Thank you Faraz and your client!

Congratulations to Faraz Behvandi and his client for another successful settlement. Thank you to Bay County Settlements, LLC and Richard T. Liuzzi, Esq. for making the closing fun and smooth!

22/01/2024

https://ace.rismedia.com/rrein-daily/69022240/89196/123410/?utm_source=newsletter&utm_medium=email

Click here to find out why!