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Your first tuesday real estate news
Week of July 13, 2020

Commercial real estate is reeling
Commercial property sales were at their lowest level in a decade in May 2020.

Legislative Gossip Update, July 2020
New bills significant to California's housing market, including proposed protections for commercial tenants and homeowners.

Letter to the Editor: Explaining California MLO licensing and endorsement
We answer your burning questions about mortgage loan originator licenses.

Form of the Week: Broker Referral and Finder’s Fee Agreements
RPI Forms 114 and 115 clarify rules on referrals between licensees and from finders.

Recent Case Decision: Madani v. Rabinowitz
Does a fence that is not costly to move constitute a permanent encroachment?

Current market rates
The average 30-year fixed rate mortgage descended to another record low in the week ending July 10, 2020, now at 3.03%.

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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