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Real Estate Law Archives

Timing a residential real estate transaction in California

Anyone who has ever owned and sold a home knows that timing is crucial. Put your house up for sale during the wrong time of the year and it may sit on the market for weeks, or even months. But, if you put the house up for sale during the hottest time of the buying season - typically late spring or early summer - you may benefit from a hot market, with bidding wars developing for your suddenly much sought after home.

The interplay between the economy and the real estate market

The national economy has been in decent shape for several years now, and millions of Americans, including many in California, have benefited greatly. Thousands of new jobs open every month, the stock market is in good shape and, perhaps most importantly for homeowners everywhere, the real estate market is holding strong. However, there are always naysayers out there, and some are starting to throw around the dreaded "R"-word: Recession.

Be detail-oriented in real estate transactions

California residents can obviously become trepidatious when they are getting involved in a real estate transaction, whether it is residential or commercial in nature. These types of transactions often involve thousands, if not hundreds, of thousands of dollars. With such an expenditure of funds, the results must be right.

Don't let landlord-tenant disputes hamper your interests

There are many business owners in Palos Verdes Estates and nearby areas in California who operate their business from rented premises. Such business owners would agree that disputes with the landlord-over rent, breach of fiduciary duty and other issues-are fairly common. Unfortunately, some of these disputes have the potential to severely affect the prospects of the business that operates out of the disputed property. On the other hand, a property owner may also be affected because of the same reasons.

Involving a Lawyer in Purchase & Sale Agreements

Involving-a-Lawyer-in-Purchase-Sale-AgreementsAlmost every purchase and sale agreement will require two separate negotiations: a letter of intent and a detailed purchase and sale agreement. The letter of intent can be made non-binding, but even if this is the case, once it is in writing, it is a key player in the continuing negotiations and formal purchase agreement documentation. A mistake or oversight made during the initial "negotiation" or letter of intent stage can lead to problems later in the process.

Commercial Real Estate Disputes and Resolving Through Mediation

Commercial-Real-Estate-Disputes-and-Resolving-Through-Mediation-Article-9.jpgIf you are involved in a commercial real estate dispute, it may be a good idea to consider mediation. Mediation has been proven to be effective in this type of situation for a variety of reasons. In many situations, mediation can be completed within a few months of the dispute arising.

What is Eminent Domain?

What-is-Eminent-Domain-Article-61.jpgEminent Domain is the legal power to take private property for public use by a state, municipality or private person or corporation that is authorized to act on behalf of the public character, following the receipt of payment or other just compensation to the property's owner. According to the Fifth Amendment to the U.S. Constitution, the government is required to provide property owners with just compensation for any private property that is seized for public or government use.

How to Handle Fire Damage to Your California Rental Property

According to the National Fire Protection Agency, there were close to 370,000 home fires in 2013. They resulted in $6.8 Billion in damages. A substantial number of these fires occurred in rental homes. Do you own a rental property in southern California? Do you know how to deal with fire damage in a rental home?

Issues to Consider When Creating Commercial Leases in California

When you are creating a commercial lease on a southern California property, it pays to consider the individuals, groups of individuals or companies that will be considering it once completed. It also pays to remember that the creation of a lease prior to negotiations does not forgo negotiations. Potential complications can arise during the early stages of the negotiation process. The complex nature of the issues involved as well as the number of issues to be negotiated depend upon the specific circumstances surrounding your property, your lease terms, and your potential tenant's needs for the space. The open nature of the commercial lease negotiation only solidifies the need for an experienced real estate attorney throughout the process. Consider these examples of common issues associated with the southern California commercial lease when deciding whether or not to consult with an attorney for the transaction.

How to Handle a Mechanics' Lien on a California Property Title

Sometimes it feels like closing on a real estate transaction is full of hidden traps; tiny details that pop up at the last minute threatening to derail the entire deal. When you're selling your property, it's best to expect a surprise or two. If you are prepared with an airtight contract and thorough negotiations based on California state real estate law, most surprises won't result in a soured deal. But there's one common issue that can result in a substantial problem if it's not taken care of quickly and efficiently: a mechanics' lien on a California property title.

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Retz & Aldover LLP
2550 Vía Tejon
Suite 3A
Palos Verdes Estates, CA 90274

Phone: 424-282-3467
Phone: 310-540-9800
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