I have always wanted to come to the rescue like John Wayne did in almost all his movies. It didn’t matter if he was saving settlers from the bad guys in the Wild West, saving Shinbone from Liberty Valance, fighting at the Alamo, the Civil War or World War II; he always gave it his…
Bed Bugs California Law enacted in July 2017 requires landlords to follow certain guidelines for bed bugs. Specifically, the law states the following:
Q: What can I do if my tenant still owes me money after I applied the security deposit to the outstanding balance for unpaid rent and necessary costs to clean and repair the rental unit?
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…
Q: I served my residential tenant with a three day notice to pay rent or quit and he called me during the 3 Day Notice period to tell me he moved and I could take back possession of the property. He left the keys on the counter and he left some of his stuff behind.…
If you own or rent an apartment, office, commercial, or industrial space in an area of Los Angeles County that is serviced by the Los Angeles Unified School District, you must read this. It does not matter if you are an owner or renter, as a result your property taxes and/or your rent will be…
Rent Increases Limited to 10% During Declared State of Emergencies The statute applies immediately after the President of the United States, the Governor of California, or city or county executive officer declares a state of emergency resulting from any natural or manmade disaster, such as an earthquake, flood, fire, riot, or storm. In that instance,…
Over the course of the past several years, we have observed incremental growth in the number of investors choosing Delaware Statutory Trusts (DSTs) as a preferred means of passive real estate investing for like-kind, tax-deferred 1031 exchanges.
No one disputes that California has a big budget surplus. According to the Office of the Legislative Analyst, California has budget reserves in excess of $18 billion. Our budget reserves exceed the entire state budget of eighteen other states. One would think that the funds available for discretionary spending would chill any appetite for higher…
Accepting Rent If you serve a Notice to Quit on your tenant, you cannot accept rent past the expiration of that notice. Acceptance of the rent would invalidate your termination notice. If the tenant tenders you the full rental amount, you cannot accept it and then tender back that portion which extends beyond the expiration…
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