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Your firsttuesday real estate news
Week of February 8, 2021

Word-of-the-Week: Dual Agent
This video covers what it means to be a "dual agent" and some of the pros and cons that come with that title.

Form-of-the-Week: Option and Exercise of Option to Renew/Extend a Lease
RPI Forms 565 and 566 create a mutual benefit for the landlord and tenant.

Rent-to-own sees dollar signs amid recession
Rent-to-own business are looking to rehabilitate their image in the wake of the pandemic's economic destruction.

AMCAL Chico LLC v. Chico Unified School District
May a school district impose school impact fees on a development for university students without children?

County of Sonoma v. U.S. Bank
Does a super-priority lien take priority over all prior recorded liens on a property?

Tiburon/Belvedere Residents United to Support the Trails v. Martha Company
Is the public entitled to an easement to use trails on a property whose owner continuously attempts to deter trespassers?

California home sales volume lays low
During December 2020, the number of homes sold was 12% higher than a year earlier. Learn why this spike is fleeting.

Investing: Stocks or real estate?
Stock prices were once again at historic highs at the end of 2020, up 16% from a year earlier.

Current market rates
The average 30-year fixed rate mortgage remained level in the week ending February 5, 2021, at 2.73%.

Form udpates  form updates this month
 

— Form 575-2: 15-Day Notice to Pay Rent with rent-related fees, on defaults from September 1st, 2020 through June 30th, 2021

— Form 575-3: 15-Day Notice to Pay Rent without rent-related fees, on defaults from September 1st, 2020 through June 30th, 2021

 

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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