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Buyer or Seller: Who Do Brokers Benefit When They Are With The Same Firm?

A recent California Supreme Court ruling stated that in the instance of one brokerage firm handling a single transaction, brokers are duty-bound to act in the interest of both the seller and buyer.

According to the ruling, agents representing sellers and workers that work in different offices of the same brokerage company are still duty-bound […]

By |January 6th, 2017|Uncategorized|Comments Off on Buyer or Seller: Who Do Brokers Benefit When They Are With The Same Firm?

Breach of Rental Agreement Must be Material to Declare Forfeiture

A recent California Appellate Court case determined that a tenant’s failure to obtain renter’s insurance pursuant to a term in a rental agreement requiring such insurance could not be considered ground for an eviction. The Court found that in order to justify a forfeiture of the lease, a breach must be “material” in order to […]

By |March 11th, 2016|Uncategorized|Comments Off on Breach of Rental Agreement Must be Material to Declare Forfeiture

Increasing the Rent on Rent Stabilized Units in Los Angeles

In units subject to the Los Angeles Rent Stabilization Ordinance, there are only a handful reasons that a landlord is allowed to increase the rent. Starting July 1, 2015, a landlord is allowed to increase the rent 3%. The annual rent increase changes annually is based upon the CPI.

A landlord is only allowed to […]

By |January 5th, 2016|Uncategorized|Comments Off on Increasing the Rent on Rent Stabilized Units in Los Angeles

California’s Beverly-Killea Limited Liability Company Act Set to Expire

California’s Beverly-Killea Limited Liability Company Act (Cal. Corporations Code Section 17000 et seq.) is set to expire on January 1, 2014. It will be replaced by the California Revised Uniform Limited Liability Company Act, which will regulate limited liability companies (“LLC”) after January 1, 2014. The new Act will apply to all LLCs within California; however, […]

By |November 25th, 2013|Uncategorized|Comments Off on California’s Beverly-Killea Limited Liability Company Act Set to Expire