It’s Official – California Has Statewide Rent Control… Many exemptions exist that will apply to most small owners; corporate owners are the primary target of the current law. … This New Statewide Rent Control Has Two Key Components: 1) Caps Rental Increases; 2) Requires “Just Cause” For All Evictions.
Understanding California Proposition 60 and Proposition 90
Attention Newport Mesa parents…. Davis Magnet School lottery is now open. Newport Mesa Unified School District (serving all of Newport Beach and Costa Mesa) has some amazing schools… including Davis Magnet School. How do I get my child in?… you literally have to win the lottery. Lottery applications are now open – now through March … Continue Reading
This Fall, throughout Newport Beach, Costa Mesa and most Orange County communities, there are more and more active listings and less and less closed sales, leading to a flurry of price reductions and open houses, with sellers eager to make a deal. While by no means a “burst bubble”, there is a clear slowdown of … Continue Reading
Newport Beach, Costa Mesa, Orange County and all California homeowners – and potential homeowners – have some significant tax changes to consider and plan for in 2018. H.R. 1, known as the Tax Cuts and Jobs Act, which both houses of Congress passed on December 20, 2017, contains a large number of provisions that affect … Continue Reading
Proposition 60 allows the transfer of an existing Proposition 13 base year value from a former residence to a replacement residence within the same county, if certain conditions are met. This benefit is open to homeowners who are at least 55-years old and are able to meet all qualifying conditions, (see below) and applies in … Continue Reading
Consider prepayment of your property taxes in 2017. Newport Beach, California – H.R. 1, known as the Tax Cuts and Jobs Act, which both houses of Congress passed on December 20, 2017, contains a large number of provisions that affect individual taxpayers, especially homeowners. As of January 1, 2018 – single or married – you … Continue Reading
NOTE – this article is now out of date. California updated the Transfer on Death Deed laws, including new restrictions, in 2022. Please see our July 2023 blog post, link here, for updated information. You can review the below post as an overview, but ensure to review our 2023 post for more up-to-date information including … Continue Reading
THIS ARTICLE MAY BE OUT OF DATE DUE TO STATEWIDE RENT CONTROL RESTRICTIONS NOW ESTABLISHED. See our rent control article here: https://lucas-real-estate.com/statewide-rent-control/ —- Rent Increases: Generally speaking (lease provisions must be reviewed), in areas without rent control (all of Orange County as of Summer 2016), there is no limit to the amount a landlord can … Continue Reading
The U.S. Treasury in late July announced its intention to expand its Geographic Targeting Orders (GTO), temporarily requiring U.S. title insurance companies to identify the natural persons behind shell companies used to pay “all cash” for high-end residential real estate in six major metropolitan areas, including five in California. Expanding the GTOs is a continued … Continue Reading
Lucas Real Estate
2901 West Coast Highway Suite 200 | Newport Beach | California | 92663-4023
[email protected] | 949.478.1623 office
Devin Lucas BRE No. 01912302 | Courtney Lucas BRE No. 02015514
Lucas Real Estate, a dynamic full-service residential real estate team led by Devin Lucas, REALTOR®, Real Estate Broker, and Real Estate Attorney, and Courtney Lucas, REALTOR® and CPA, offers unparalleled expertise in Newport Beach and surrounding areas.
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