Dear Clients and Friends, Did you know that if you buy real estate in the U.S. from a foreign owner, you may have to withhold a chunk of the sale price and send it to the IRS? This is required by a law called FIRPTA (the Foreign Investment in Real Property Tax Act), which … [Read more...] about New rules if you buy real estate from a foreign owner
Dear Clients and Friends, Companies that are leasing their own space for the first time are often surprised by the terms of a commercial lease – and even companies that have leased space before sometimes overlook important points where they might be able to negotiate matters to … [Read more...] about What businesses need to know about commercial leasing
Dear Clients and Friends, Married couples who own property in California should take title as Community Property (not as joint tenants). Why community property? If married couples hold property as joint tenants, they only get a step-up in basis* (see definition below) in … [Read more...] about ￼How should California married couples hold title to Real Estate?
Dear Clients and Friends, An “easement” is a legal right of someone who doesn’t own a piece of property to use the property for a particular reason. Many properties have easements on them, so it’s important to know about them if you’re considering buying real estate. An … [Read more...] about Easements
Aside from child custody, the most emotionally charged issue in a divorce is usually who gets to keep the house. For most couples, a house is their most valuable asset, and it has an enormous symbolic value as well. But while couples often fight over who gets the house, keeping … [Read more...] about Should divorcing couples sell their house?
On July 11, 2012 California's Gov. Jerry Brown signed into law Senate Bill No. 900. This bill is an act to add and amend a bevy of California Civil Code sections intended to monitor lenders and protect homeowners from earlier predatory/summary (i.e. illegal and/unjust) … [Read more...] about Saving your home with California’s homeower’s Bill of Rights