A landlord uses RPI Form 565 to extend or renew a lease and a tenant uses RPI Form 566 to request the lease extension or renewal.
Form-of-the-Week: Option and Exercise of Option to Renew/Extend a Lease — Forms 565 and 566
read more
Real Estate Property Management
Discover the legal aspects of residential and commercial landlord-tenant relationships.
Stay current on the latest news, videos, forms, and updates for Real Estate Property Management.
Latest Articles
Manager’s Trust Account Supervision and Accounting
Covers: The property manager’s ongoing duty to account to the landlord and maintain accurate records of all deposits, receipts, disbursements and expenditures; Contents of the property manager’s statement of accounting to the landlord; Discrepancies in trust fund accounting resolved against the property manager and in favor of the landlord.
Reserves and Deposits in the Trust Account
Covers: A property manager’s proper handling of a trust account to accommodate the flow of property income and expenditures; Start-up fees, cash reserves, security deposits and rents held in a trust fund.
Attorney General fines landlords for TPA violations
California’s Attorney General is meeting resistance from landlords reluctant to follow — or simply unaware of — the rules.
Goodwill is Value Maintained or Lost
Covers: A property manager’s actions to increase the intangible image – goodwill – of a property; Promptly completing necessary repairs and correctly maintaining a property.
DRE Hot Seat: Property manager conceals records from owner
This article is part of an ongoing series covering violations of real estate law. Here, a broker acting as a property manager surrendered his license in connection with a disciplinary action taken by the Department of Real Estate (DRE) for concealing property management books and records from a client they represented.
Periodic Review of Leases and Property Maintenance
Covers: A property manager’s comprehensive review of all lease and rental agreements on entering into a property management agreement; Periodic evaluations of lease and rental agreements to minimize expenses and maximize rental income; Determining and contracting for necessary property repairs and replacements.
Property Inspections by the Manager
Covers: A property manager’s well-documented property inspections to determine the physical condition of the property, availability of habitable units and the use of the leased premises by existing tenants; Critical moments when a manager inspects a property.
Critical Curb Appeal and Title Analysis
Covers: A property manager’s analysis of the repairs, maintenance, landscaping and improvements needed to increase the property’s curb appeal; Running a cursory title check on the property to be managed, and clearing any deficiencies with the landlord prior to taking over management of the property.
Errata & Updates
No Corrections Currently Reported.