People who have purchased a condominium in California should understand the importance and details of assessments for its upkeep and improvement. However, they might not know the full scope as to what it means. The recent tragic events in Florida in which an entire...
Not A Deal Breaker
Year: 2021
Understanding security deposits
When a tenant rents a property in California, most of the time he or she will give the landlord a security deposit. A security deposit is money the landlord takes as compensation if the tenant damages the property or violates the terms of the lease. It can also be...
How title insurance works in a real estate transaction
Anyone who is considering purchasing a tract of land in California will ultimately come across what may seem to be a peculiar creature of the law: title insurance. Most people outside of the real estate industry have never heard of title insurance, and they may have...
Do I need a quitclaim deed if I am buying a home?
The transfer of real estate in California from one person to another can be a complicated process, but it generally includes the conveyance of title to the property. The property deed serves as the legal instrument that transfers ownership of real estate from one...
Has your landlord violated the terms of your commercial lease?
Unlike residential leases which run month-to-month or single year terms, a commercial lease can go for several years in Los Angeles. That leaves a tenant legally responsible for the rent for a much longer period of time. If the landlord does something questionable, a...
Common title problems to watch for
Understanding the importance of a title search has been discussed on this blog. Also important is to know what the common problems are with titles so that potential purchasers of real estate can identify and resolve these issues so they do not cause problems with...
The risks associated with a joint venture
Los Angeles is an ever-changing city. New businesses will come in and more buildings will be constructed. In many causes, a property owner will team up with a developer, creating a joint venture. This can be a very successful partnership; however, this is dependent on...
Types of licenses for intellectual property
There are many different products that people use in California. These products have many different functions and help people with many different aspects of their lives. Before these products are produced and sold to people though, they start as someone’s idea. That...
5 ways in which sellers can back out of a home sale contract
When a California resident goes to purchase a home, it can be more complex than just saying they want the home. Lots of negotiations and paperwork go into a home sale. Although most of the time this is a smooth process, there can be times when a seller backs out of a...
Items to look for in a residential purchase agreement
Buying a home is a huge commitment and a major financial step for many Southern California residents. When a person has found the perfect place to put down roots and build their life, they may not be easily dissuaded from their goal of securing their desired property....