Forming an LLC to Hold Real Estate in California

Forming an LLC (a Limited Liability Company) to hold real estate has long been a common approach for estate planning, tax, liability and privacy concerns. While this practice is perfectly legal in California and elsewhere, there are some considerations and tax implications. High-end properties, especially those purchased in all-cash transactions, such as many homes in […]

Fair Housing Foundation’s Tip of the Month: Responding to Landlord Notices (and tips for landlords on how to serve a notice)

From the Fair Housing Foundation – their “Tip of the Month”… Visit www.fairhousingfoundation.com for more information… Responding to Notices Tenants: Receiving a notice from your landlord can be a very stressing occurrence. It is of the upmost importance that responding to the notice takes priority and that you respond as soon as possible to resolve the […]

Option Agreements in California Real Property Transactions

Most commonly, an “Option Agreement” is a rent-to-own situation, more frequent in a landlord-tenant context. Typically (though 100 percent negotiable), an Option Agreement works like this: The Property Owner (called the “Optionor”) agrees to sell a home and/or parcel of land (the “Real Property”) to the Buyer (called the “Optionee”) at a later date, for […]

Fair Housing Foundation Tip of the Month: Rent Increases

Fair Housing Foundation Tip of the Month: Rent Increases In areas without rent control, there is no limit to the amount a landlord can increase the rent, provided it’s done so with proper notice and not being done in retaliation or based on a discriminatory motive.  In Los Angeles County some cities do have rent […]

Key Issues in California Landlord-Tenant Law

Newport Beach, Costa Mesa and Orange County are abundant rental markets, but landlords must use caution as California laws are extremely harsh on landlords and overly tenant friendly.  I’s must be dotted, and T’s must be crossed.  Sacramento is constantly trying to figure out ways to squeeze property owners, and landlord-tenant laws are among the […]