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 […]
For information on Mr. Lucas’ services and availability as a mediator for your real estate dispute, please view our mediation services page here. All Mediations are facilitated virtually, via video conference and/or teleconference. To schedule an online, virtual mediation, view our mediation services page. This article is designed to review and provide an overview of […]
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 […]
Transfer on Death Deed Newport Beach, Costa Mesa, Orange County and all California property owners have a new tool to simplify their estate planning. California’s new (2016) Transfer on Death Deed may be an ideal solution for those who own real property in California, want to ensure the property passes smoothly to a named beneficiary […]
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 […]
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 increase the rent as long as proper advance notice is provided to the tenant. The length of notice is dependent upon the percentage of […]
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 […]
In Newport Beach, Costa Mesa, and Orange County Communities, where rental properties are abundant, landlords routinely require tenants to obtain “renter’s insurance” – insurance to protect the renter’s personal property, i.e. their T.V., clothing, etc. – in case of a fire, burglary, or other incident. Many landlords take a firm position “requiring” the tenant to […]
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 […]
In Newport Beach, Costa Mesa, Orange County Communities and elsewhere, good neighbors can be the key to a happy home; thus the reverse is also true. Neighbor disputes, frequently surrounding fence line and property line issues, can be the end-all of confrontational matters and lend to costly litigation. A shared fence, worn and in need […]
Lucas Real Estate
2901 West Coast Highway Suite 200 | Newport Beach | California | 92663-4023
info@lucas-real-estate.com | 949.478.1623 office | 888.667.6038 fax
Devin Lucas BRE No. 01912302 | Courtney Lucas BRE No. 02015514
Villa Real Estate | BRE No. 01925726 | 450 Newport Center Drive Suite 100 | Newport Beach | 92660
Real Estate Agents, Transactions & Dispute Resolution | Devin Lucas, licensed Real Estate Attorney, Real Estate Broker, REALTOR® | Courtney Lucas, licensed CPA, Real Estate Salesperson, REALTOR®