[Name], Tenant Protection Act, social distancing and URLA video review.  

Your first tuesday real estate news
Week of June 22, 2020

California further extends DRE licensing, exam and education deadlines
Governor Newsom grants another 60-day extension for DRE licensees and exam applicants.

Spotting appraisal deficiencies
Don't let an appraisal derail your sale. Maximize your chances of rebutting a low appraisal with these strategies.

Brokerage Reminder: Disbursement of funds when a transaction fails
Failed transaction? Review the rules surrounding disbursement of funds held in escrow in this scenario.

The slowing trend in California construction starts
Single family residential starts were 8% above a year earlier in the six-month phase ending April 2020.

Investing: Stocks or real estate?
Stocks fell from their historic level in Q1 2020, descending into the first bear market since the financial crisis of 2007-2009.

Current market rates
The average 30-year fixed rate mortgage decreased to a new low in the week ending June 19, 2020, now at 3.13%.

Form udpates  form updates this month
 

A new series of Tenant Protection Act (TPA) forms have just been published on the RPI Forms Download page. The new forms are used by landlords of properties subject to AB 1482 which limits annual rent increases to 5% plus the rate of inflation, and requires “just cause” to evict tenants who have occupied a unit for 12 months or more. Read this week's top story for more information.


NEW Landlords and Tenant Forms:

– Form 550-3: Just Cause and Rent Cap Addendum – For Use by Residential Landlord

– Form 569-2: 60-Day Notice to Vacate Under a No-Fault Termination – For Properties Subject to Just Cause Eviction Requirements

– Form 570-1: 30-Day Notice of Change in Rental Terms – For Properties Subject to Rent Cap Requirements

– Form 575-3: Three-Day Notice to Pay Rent with Related Fees – For Properties Subject to Just Cause Eviction Requirements

– Form 575-4: Three-Day Notice to Pay Rent – For Properties Subject to Just Cause Eviction Requirements

– Form 576-1: Three-Day Notice to Perform – For Properties Subject to Just Cause Eviction Requirements

– Form 577-1: Three-Day Notice to Quit – For Properties Subject to Just Cause Eviction Requirements


Updated Landlords and Tenant Forms:

– Form 550: Residential Lease Agreement

– Form 551: Residential Rental Agreement – Month-to-Month

 

To access these forms and more, view our RPI Forms library here.
Click on Download the Full Forms Library to download our entire catalog.

 

This email was sent to: [Email]

Update your email Unsubscribe
DRE Sponsor No. 0473 / S0110
NMLS Course Provider No. 1400986

Notary Vendor No. 606332 / 306333  

Copyright © 2020 first tuesday
PO Box 5707, Riverside,CA 92517
9
51.781.7300 

Share the newsletter: