THIS ARTICLE MAY BE OUT OF DATE DUE TO STATEWIDE RENT CONTROL RESTRICTIONS NOW ESTABLISHED.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
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
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 … Continue Reading
Remodeling your Newport Beach, Costa Mesa, Orange County or other California property? – Hiring a contractor is a significant decision, with quality and pricing varying dramatically, especially on any larger scale project. Check out this info graphic from the California Contractors State License Board and the California Association of REALTORS® for some good tips. -Devin … Continue Reading
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 … Continue Reading
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 … Continue Reading
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 … Continue Reading
In Newport Beach, Costa Mesa and Orange County real estate, those aerial shots of high-end properties sure do look fantastic. But most sellers, photographers and REALTORS® might not realize it’s a blatant violation of current Federal Aviation Administration (FAA) rules to operate drones for commercial purposes (i.e. real estate photography) without a waiver from the … Continue Reading
Newport Beach, Costa Mesa and Orange County real estate consumers and professionals take note of cyber security issues in real estate transactions. We all take email for granted. It’s an amazing tool that has impacted and changed the way we all communicate. But until some recent high-profile events, people thought little, if at all, about the security of … 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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