The rent is still too darn high — but not as high as it was yesterday here in California.
Rental vacancies advance; rents fall back. Surprised?
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Real Estate Property Management
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Form-of-the-Week: Bed Bug Addendum and Statement of Pest Control Operator’s Findings — Forms 563-2 and 563-3
A landlord or property manager uses RPI Forms 563-2 and 563-3 to notify a tenant of bed bug prevention strategies and the pest control operator’s observations when a bed bug infestation has been inspected.
Form-of-the-Week: The option to buy and its variations — Forms 161, 161-1 and 161-2
A leasing or sales agent uses RPI Forms 161, 161-1 and 161-2 when arranging an option to purchase property.
Rentals: the future of California real estate?
California’s low homeownership rate means rentals are in high demand, with vacancies near historic lows.
Is a developer entitled to exclude from assessed value of a property the income received from subsidies and a property operator’s agreement?
Olympic and Georgia Partners, LLC v. County of Los Angeles
Tech Corner: Landlords attract tenants and garner income by renting household items
Apartment landlords are cashing in on reduced storage space by partnering with companies who rent household goods to tenants.
Form-of-the-Week: Termination of Lease & Surrender Agreement and Notice of Temporary Displacement — Forms 587 and 588
A property manager or landlord uses RPI Form 587 to mutually terminate a lease agreement and RPI Form 588 to notify a tenant of a temporary displacement due to invasive repairs or fumigation work that requires them to temporarily move out.
May a landlord maintain an unlawful detainer (UD) action against a month-to-month tenant who remains in possession following expiration of a notice of intent to vacate when the unit is subject to a rent control ordinance?
Roxbury Lane LP, v. Benjamin Harris
DRE Hot Seat: Failure to disburse trust funds to the owner of funds
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 acting as a property manager who collected trust funds on behalf of landlords they represented and failed to disburse the trust funds to the landlords as required.
Errata & Updates
No Corrections Currently Reported.