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Your firsttuesday real estate news
Week of March 29, 2021

Brokerage Reminder: CAR membership NOT required for MLS access
CAR couches their services as being “free,” but considering the exorbitant member dues, it’s hard to argue for the price.

Still high, commercial mortgage delinquency rates decline in Q1 2021
Commercial industries continue to experience mixed impacts from the ongoing recession in the first quarter (Q1) of 2021.

Word-of-the-Week: Sublease
Click to watch our video refresher on a leasehold interest subject to the terms of a master lease.

Recent Case Decision: Lee v. Kotyluk
Is an unlawful detainer action valid when filed by a new owner of rental property based on a three-day notice to perform or quit served on a tenant by the prior owner?

30 years of summer, followed by 30 years of winter
The 10-year Treasury note averaged 0.89% in 2020, historically low for the key rate. Learn how the dip fits into the rate's long-term rising trend.

Current market rates
The average 30-year fixed rate mortgage continued to increase in the week ending March 26, 2021, to 3.17%.

Form udpates  form updates this month
 

— Form 202: Uniform Residential Loan Application (FNMA 1003)

— 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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