Summary provided by California Association of Realtors: Effective January 1, 2013, a month-to-month tenant in possession of a rental housing unit at the time the property is foreclosed must be given a 90-day written notice to terminate under California law.…
Landlord May Dispose Abandoned Personal Property Less Than $700
Summary provided by California Association of Realtors: Commencing January 1, 2013, the total resale value of personal property left behind by a tenant after termination of a tenancy that the landlord must sell at a public auction (rather than dispose of…
Restrictions Against Cancellation Fees for HOA Documents
Summary provided by California Association of Realtors: Beginning January 1, 2013, an HOA cannot collect a cancellation fee for HOA sales disclosure documents in either of two situations: (1) a request is cancelled in writing by the party who placed…
Landlord Must Disclose Notice of Default to Prospective Tenants
Summary of new law from the California Association of Realtors: Starting January 1, 2013, every landlord who offers for rent a residential property containing one-to-four units must disclose in writing to any prospective tenant the receipt of a notice of…
I heard that there are two new taxes associated with real estate transactions in 2013
Obama Care Federal 3.8% Sales Tax: Q. Will my Real Estate closings, beginning in 2013, be subject to a new Federal 3.8% Sales Tax? A. In conjunction with the significant new Federal Health Care Reform legislation passed in 2010, the…