#1 - Deal with Problem Tenants Early OnFor many landlords, the prospect of having their real estate go vacant for an extended period of time is much more worrisome than a tenant who pays late or is unable to pay their full rent. However, this lackadaisical approach...
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Real Estate
Items to Consider When Buying or Selling Real Estate
Whether you're contemplating the purchase or sale of a commercial real estate property, there are many different issues that you should consider before you open or close escrow. In an ideal situation, you will retain a real estate attorney from the outset of the...
Should I Put My Rental Property in an LLC?
This is a very common question for owners of rental properties. Of course, like most things in life, there are advantages and disadvantages to consider when deciding whether to form a limited liability company (LLC) to hold your rental property. While I cannot...
Developers Required to Pay Costs For Defense of Land Use Lawsuits in Los Angeles
The Los Angeles City Council recently changed the game for future real estate development in the city. Like most cities in California, the entitlement approval process in Los Angeles (the "City") required real estate developers to indemnify the City against any...
Right of First Refusal versus Right of First Offer – What’s the Difference?
The terms Right of First Refusal (ROFR) and Right of First Offer (ROFO) are often thrown around in real estate and corporate negotiations. Whether you are negotiating rights relating to stock/membership options, commercial lease expansions, or property purchases, the...
SB 1171: Mandatory Disclosure for Commercial Real Estate Professionals
On August 15, 2014, Gov. Jerry Brown signed Senate Bill 1171 (Hueso, D-San Diego) into law. SB 1171 will become effective January 1, 2015. Under SB 1171, commercial real estate agents and brokers will need to disclose any proposed dual agency role to the potential...
Buying or selling a home or property? Think you don’t need a lawyer? Think Again!
Whether you're looking to buy or sell a home or any other type of property, you may want to consider consulting a local real estate attorney. Often times, buyers and sellers are already working with a real estate broker and mortgage lender and do not believe that an...
Real Estate Impact: Documentary Transfer Tax Act
Effective January 1, 2015, the Documentary Transfer Tax Act is changing and it will impact real estate professionals.The California Documentary Transfer Tax Act (Cal. Rev. and Tax. Code Section 11901 et seq.)(the "Act") authorizes a county or city to impose a tax with...
