[Name], housing discrimination, Gen Z homebuyers and eviction protections.  

Your first tuesday real estate news
Week of July 6, 2020

The Borrower’s Debt-to-Income Ratio and Ability to Repay
A video analysis of a borrower’s ability to pay by considering their willingness and capacity.

Forbearance requests rise while access to mortgage credit falls
The MBA's Mortgage Credit Availability Index has fallen sharply, now 32% below the November 2019 peak.

Brokerage Reminder: Kickbacks – the unlawful referral fee
Learn how you can protect yourself against this common RESPA violation.

Recent Case Decision: Gamerberg vs. 3000 E. 111th St LLC
Does an irrevocable license survive the transfer of property without notice to the successor owner?

California home sales volume lays low
California home sales continue their freefall during May 2020, now 39% lower than a year earlier.

Using the yield spread to forecast recessions and recoveries
In June 2020, the yield spread returned to positive territory, averaging +0.51.

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.


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 all updated forms, view our RPI Forms library here.
Click on Download the Full Forms Library to download our entire catalog.

 

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