Legal Q & A By – Dennis Block

Question One: I have rent control units in the City of Los Angeles. I am considering doing short term leasing, once a unit is vacated.  I intend to use a service such as Airbnb. Are there any pitfalls or suggestions that I should be aware of? I feel that I am forced to do this,…

Did You Know by- Dennis Block

Laundry Leases When you purchase a building, you are subject to all existing leases. Laundry leases entered into by the previous owner now become your lease upon purchase. Typically, leases like this should have been disclosed during the escrow process. Many laundry leases have very long terms and grant the laundry company additional option periods…

Something to Think About #81: by – Klarise Yahya

Continued from Part 80 . . . Determining the Mean The mean is the statistical determination of “average”. The mean of 10+10+30 is 16.67. That is also the average. Both words refer to the same result, but with a small difference. Generally, “average” is used to imply a WAG (Wild Alcoholic Guess), while “mean” suggests…