Form-of-the-Week: Right of First Refusal Addenda — Forms 162, 162-1 and 162-2
A seller’s agent uses RPI Forms 162, 162-1 and 162-2 to set notices for a holder of a right of first refusal.
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Author: Amy Platero
DRE Hot Seat: When mortgage originations go off the rails, repeatedly
This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) revoked the real estate license of a broker who failed to disclose broker compensation received on mortgage origination forms, while also misrepresenting themselves as a lender and not as the buyer’s agent.
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Surrender cancels the lease agreement
When a tenant materially breaches a lease agreement, the landlord may complete a surrender, in which the landlords accepts a return of possession from the tenant in exchange for cancelling the lease agreement.
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No price gouging of rental housing following earthquakes and storms
In response to earthquakes and storms, the California Attorney General reminds landlords to be mindful of rent gouging.
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Form-of-the-Week: Mold informational booklet and non-smoking addendum — Forms 564-1, 564-2 and 563-1
Residential landlords use RPI Forms 564-1 and 564-2 to educate the tenant on mold and its hazards and RPI Form 563-1 to prohibit smoking on the property.
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