Posts Tagged ‘property’
Condition of property: the owner’s disclosures for symmetric information
Why this matters: Learn the seller broker duty to inspect and disclose their observations and knowledge about a property’s condition to prospective buyers, preparation and delivery of the seller’s Transfer Disclosure Statement (TDS) and rec...
Mamdani Pitches Hiking Property Taxes
To plug a more than $5 billion budget gap, Mayor Zohran Mamdani sees two options: Either raise taxes on corporations and New York’s wealthiest or increase property taxes by 9.5 percent while tapping into the city’s reserves. Gov. Kathy Hoc...
May an owner of residential rental property use a rent control exception for new housing when the property was previously used as military housing and the owner is the first to receive a certificate of occupancy for the property?
https://journal.firsttuesday.us/wp-content/uploads/Audio_CP_VI_Admirals_Cove_LLC_v_City_of_Alameda.mp3Facts: An owner of a multi-unit residential property conducts extensive repairs to the units which were originally military housing not avai...
May property be granted by an owner living with the presence of toxic mold and prescription painkillers which affect mental competency?
Facts: A grantor exposed to toxic mold at their primary residence and taking prescription painkillers transfers property to an acquaintance as a gift. On the death of the grantor, an heir to the grantor’s estate who was aware of the transfer ...
Property tax relief for homeowners affected by wildfires
Why this article is important: As wildfire seasons become more destructive in our changing climate, legislatures are trying to keep up. A new law extends Prop 13 benefits for homeowners rebuilding after 2025’s devastating wildfire season. Pro...
Emotional About Selling Property? How to Sell with Confidence
For many homeowners, selling a home is far more than a simple business deal. It can be a deeply emotional process. When you feel emotional about selling property, the memories, the hard work, and the personal attachment can cloud your jud...
Residential property remediation requirements after a disaster
Why this article is important: Natural disasters are a part of life in California, and residential rental properties in the area of the disaster are directly affected. Tenant-occupied residential properties adversely affected by the disaster du...
What will an ADU do to your property taxes and resale value?
A common pitch for accessory dwelling units is that building one will add a lot of value to your property.How much, though, is a bit of a mystery. And that can pose a problem for homeowners looking to build one.An ADU isn’t just extra square...
