News

SELL SELL SELL YOUR LA REAL ESTATE BEFORE YOU’RE TAXED MORE

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...

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Letters of Intent – Real Estate and Business Transactions

Letters of Intent – Real Estate and Business Transactions Epps & Coulson, LLP is and has been counsel for buyers and sellers of real estate, operating businesses and asset buy/sale transactions, both in normal conditions, as well as in bankruptcy and receivership conditions.  Regardless of the environment in which the...

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Bankruptcies: Abatement of Rent During the Pandemic

Bankruptcies:  Abatement of Rent During the Pandemic 2020 has not been kind to landlords, restaurants, and other segments of the retail industry. Commercial landlords need rents to pay the property taxes, insurance and mortgage, which may be guarantied by the owners of the corporate landlord. Commercial tenants need retail sales...

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COVID-19: Force Majeure Clauses in Contracts – Court Decision

COVID-19: Force Majeure Clauses in Contracts – Court Decision These are trying times.  Did your business get shuttered by governmental mandated closure orders due to COVID-19?  Are your business vendors and contract parties still looking to your business to timely pay and perform as normal?  Contracts often include a force...

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California Senate Bill No. 939

California Senate Bill No. 939 (“SB-939”) proposes to add Section 1951.9 to the Civil Code (“Section 1951.9”).  If SB-939 is passed as currently proposed, it would become effective immediately and have a HUGE impact on existing leases and the rights of commercial property developers and landlords. SB-939 Would provide two...

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Coronavirus: Landlord and Tenant Matters

As of Monday, April 6, 2020, all California courts are prevented from processing evictions and judicial foreclosure actions (with some limited exceptions). The emergency rules are designed to protect tenants and borrowers, govern all California State Courts and apply to both residential and commercial tenants and borrowers. Below are synopsis...

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