A California Court of Appeals decides.
Facts: A limited partnership (LP) obtains an option on a ground lease for a parcel of land owned by a trust. The LP constructs condominiums on the land and subdivides the ground lease into multiple identical leases — one for each condo unit. The LP then enters into separate agreements with unit owners assigning one…
Is rent returned on a suspended lease due or in default when the lease is reinstated?
When does an altered deed render subsequent transfers void?
An owner defaults on a note secured by a trust deed on their property.
When water retention becomes private condemnation.
When can a title insurer deny coverage of a title defect?
A property owner holds title to a vacant lot in a revocable trust, naming their child as the successor trustee and beneficiary.
A buyer and seller enter into a purchase agreement for a property.
Does the “security first” rule apply when the whole security is no longer available?