Commercial Landlords Update: Unlawful detainers (“evictions” or UDs”), even for commercial landlords require meticulous adherence to statutes and new regulations. For one landlord in a new case decided January 13th, Baca v. Kuang[1], this was a painful lesson. The landlord served a 30-day notice to terminate a commercial lease and...
Commercial Landlords – Pay Attention: Effective January 1, 2025, landlords leasing commercial space to certain “qualifying commercial tenants” (“QCTs”) QCTs include office, industrial, retail and restaurants that are (1) microenterprises with five or fewer employees (full or part-time, including the owner) and generally lack access to financial capital; (2) restaurants...
Foreclosures The real estate industry runs in cycles with the economy. With the tight economic times, business owners in a pinch cannot pay their lenders. When borrowers stop paying the secured lender, the lender typically begins the foreclosure process. Foreclosures are heating up across the country. As of November 2022,...
SELL SELL SELL YOUR LA REAL ESTATE BEFORE YOU’RE TAXED MORE APRIL 1, 2023…April Fools Day. Don’t wait until then to close on your transactions. Los Angeles Measure ULA is commonly known as the “mansion tax.”[1] It will impose a new “Homelessness and Housing Solutions Tax” on transfers of residential...