Introducing Assembly Bill 12 (AB 12) – Effective July 1, 2024, this legislation will significantly impact the rental landscape in California. Under AB 12, landlords will be restricted in their ability to demand security deposits, with a new cap set at one month’s rent. Learn how these changes may affect Newport Beach and Costa Mesa real estate, and how Lucas Real Estate can help navigate these challenges.
Even leasing professionals make mistakes. From the California Association of REALTORS® Broker Insights Newsletter – August 2023, there are quite a few common mistakes out there that warranted an advisory. Make sure you, or your REALTOR®, are compliant, especially when it comes to leasing in tenant-friendly California….
People have all sorts of personal definitions of what is “habitable” when it comes to their rental home. No, tenants, the blinds being askew is not a breach of the warranty of habitability. Likewise, landlords, the lack of hot water is not ‘no big deal’ to be fixed sometime later in the week. For better or worse, California law is very clear when it comes to rental property habitability.
Many landlords may be entitled to relief assistance for tenant non-payment during the past covid crisis. Read on for information on how to apply.
The following is an extremely brief update on the current status of California Landlord Tenant laws give the expiration of the statewide moratorium as prepared by the California Association of REALTORS® (C.A.R.).
This article is designed to provide an overview of the real estate mediation process with emphasis on review and requirements under the California Association of REALTORS® Residential Purchase Agreement (CAR form “RPA”).
Preparing for a real estate mediation can be stressful, but a well prepared concise brief will not only help the mediator to understand your case, it will also help you to organize your thoughts and positions. Here, we discuss what makes a good mediation brief and some suggestions for the same. BACKGROUND Real estate disputes … Continue Reading
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.
THIS ARTICLE MAY BE OUT OF DATE DUE TO STATEWIDE RENT CONTROL RESTRICTIONS NOW ESTABLISHED.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
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 … Continue Reading
Lucas Real Estate
2901 West Coast Highway, Suite 200 | Newport Beach, CA 92663
info@lucas-real-estate.com
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949.478.1623
Devin Lucas, REALTOR® | Real Estate Broker | Real Estate Attorney | DRE #01912302
Courtney Lucas, REALTOR® | CPA | DRE #02015514
Lucas Real Estate combines luxury real estate representation with legal and tax expertise, serving Newport Beach and surrounding Orange County communities. Led by Devin Lucas, REALTOR®, Real Estate Broker and Real Estate Attorney, and Courtney Lucas, REALTOR® and CPA.