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Real Estate: General

ANAND LAW > Real Estate: General
06 July
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Partition of Real Property – Distribution of Proceeds

Posted by Admin Anand
in Real Estate: General

[fusion_builder_container background_color="" background_image="" background_parallax="none" enable_mobile="no" parallax_speed="0.3" background_repeat="no-repeat" background_position="left top" video_url="" video_aspect_ratio="16:9" video_webm="" video_mp4="" video_ogv="" video_preview_image="" overlay_color="" video_mute="yes" video_loop="yes" fade="no" border_size="0px" border_color="" border_style="" padding_top="20" padding_bottom="20" padding_left="" padding_right="" hundred_percent="no" equal_height_columns="no" hide_on_mobile="no" menu_anchor="" class="" id=""][fusion_builder_row][fusion_builder_column type="1_1" layout="1_1" spacing="yes" center_content="no" link="" target="_self" min_height="" hide_on_mobile="no" class="" id="" background_image_id="" background_color="" background_image="" background_position="left top" undefined="" background_repeat="no-repeat" hover_type="none" border_size="0" border_color="" border_style="solid" border_position="all" padding_top="" padding_right="" padding_bottom="" padding_left="" margin_top="" margin_bottom="" animation_type="" animation_direction="left" animation_speed="0.1" animation_offset="" last="no"][fusion_text columns="" column_min_width="" column_spacing="" rule_style="default" rule_size="" rule_color="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id=""] [vc_row triangle_shape="no"]DISTRIBUTION OF PROCEEDS FROM A PARTITION SALE : EXPENSES, COSTS, FEES, LIENS… AND ADJUSTMENTS BASED ON EQUITABLE CONSIDERATIONS[vc_column][vc_column_text] [vc_empty_space][vc_column_text] California’s statutory framework for partition of real property allows...

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10 February
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Accessory Dwelling Units (ADUs)

Posted by Admin Anand
in Real Estate: General

[vc_row triangle_shape="no"][vc_column][vc_column_text]What happens to a lease agreement after filing for bankruptcy? Does it automatically terminate or must the obligations in the agreement be upheld?[/vc_column_text][vc_empty_space][vc_column_text] Accessory Dwelling Units (ADUs) [/vc_column_text][vc_empty_space][vc_column_text] Accessory Dwelling Units (ADUs) are smaller residences such as back houses, in-law units, or granny flats which can be built on existing property. By definition, an ADU is a residence that has its own entrance, a kitchen, and at least one bathroom. These smaller residences can be built by homeowners and used as an additional source of income and are a cheaper living option for renters. State policies and local rules govern the...

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07 July
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THE IMPORTANCE OF THE “ESTOPPEL CERTIFICATE”: ENSURING POSITIVE RETURNS FROM THE PURCHASE OF AN INCOME PROPERTY

Posted by Kevin Hellon
in Real Estate: General

[vc_row triangle_shape="no"][vc_column][vc_column_text] ABSTRACT [/vc_column_text][vc_empty_space][vc_column_text]An Estoppel Certificate is a document typically used in performing due diligence prior to the purchase of tenant-occupied property.  The purpose is for a lender and purchaser to have written confirmation from tenants of certain terms.  Important amongst these are: the rental amount; security deposit; duration of lease, renewal options; and, as discussed further below, a “subordination” clause. The subordination clause is used to confirm that the tenants have agreed, in their lease, that their interest is subordinate to future mortgages.  Without such confirmation, the tenants’ leases have priority over mortgages that are subsequently obtained.  Furthermore, only a tenant whose...

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07 July
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HOW TO PUT A LIS PENDENS ON PROPERTY IN CALIFORNIA

Posted by Kevin Hellon
in Real Estate: General

[vc_row triangle_shape="no"][vc_column][vc_column_text] A LIS PENDENS IS NOT A LAWSUIT [/vc_column_text][vc_empty_space][vc_column_text]A Lis Pendens is not a lawsuit—it is a document that notifies the world that there is an ongoing lawsuit.  The literal translation of Lis Pendens is “suit pending.” It is also sometimes referred to as a “Notice of Pendency of Action.”  As the name suggests, the purpose is to let others know that there is an active lawsuit. A Lis Pendens is filed with the County Recorder in the county where the piece of property that the law suit involves is located.  When any document is recorded with the County Recorder, it puts...

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07 July
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DO I NEED A LITIGATION GUARANTEE IN LAWSUITS INVOLVING PROPERTY?

Posted by Kevin Hellon
in Real Estate: General

[vc_row triangle_shape="no"][vc_column][vc_column_text]At ANAND LAW, we are both real estate attorneys and real estate brokers.  Combining expertise, we add value, reduce overall cost, and maximize efficiency for our clients involved in real estate disputes.  These disputes often arise between co-owners, neighbors, and lenders.  When parties disagree as to the ownership of real property, quiet title, partition, and foreclosure actions can be used to force a resolution.  Examples of these types of disputes include disagreement as to who holds title or how much they hold, and disagreement as to the the priority of liens.  In any of these types of disputes, it is...

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