At Hamlin | Cody, we understand the excitement of finalizing a lease assignment. Finding the perfect tenant to take over an existing lease can feel like a win-win situation. But before the celebratory handshakes, a crucial step remains – due diligence. When dealing with property ownership, due diligence is absolutely essential. This might seem like […]
Read more...Category: Real Estate Law
Know Before You Buy: Real Estate Notices
Ever dream of buying your perfect property, only to discover later that someone else has rights to a part of it? This scenario, while unfortunate, highlights the importance of “notice” in real estate transactions. Notice refers to a buyer’s awareness of any existing claims or interests affecting the property they intend to purchase. There are […]
Read more...Hidden Challenges in Property Acquisition: Billboards and Foreclosures
At Hamlin | Cody, we understand the complexities of property acquisition. Tax sales and foreclosures can offer attractive opportunities, but factors like existing billboard structures require special attention. This article explores the intricacies of acquiring property with a billboard and emphasizes the importance of due diligence for a smooth transaction. Billboard Easements CA Revenue and […]
Read more...Landlord-Tenant California Relationships: Collaboration is Key
In Los Angeles, 63 percent of homes are rented. When it comes to property ownership and leasing, the dynamic between landlord and tenant often presents itself as a delicate balance. However, at Hamlin | Cody, we advocate for a paradigm shift – viewing tenants not merely as lessees, but as valued customers. In this blog, […]
Read more...Recent Antitrust Verdict & California Real Estate Commissions
If you’re immersed in real estate, the recent antitrust jury verdict of $1.8 billion against the National Association of Realtors (NAR) and two real estate brokerage firms could be a topic of concern, potentially impacting your property dealings. A client recently sought clarity on how this legal development could affect him, prompting a deeper exploration […]
Read more...The Costly Consequences of Overreaching: Lessons from a Property Assessment Dispute
A recent property assessment dispute has shed some light on the importance of careful decision-making and prudent legal counsel. In this case, a property owner challenged the assessed value of their property in an attempt to reduce their tax burden. However, their pursuit of an ambitious claim turned out to have costly implications serving as a […]
Read more...A Powerful Tool for Due Diligence in Real Estate and Business Transactions | California Public Records Act
The California Public Records Act promotes transparency, accountability, and public access to government records. A public records request (PRR) can be a useful tool in undertaking due diligence in real estate and business transactions. With a PRR you can verify facts, find documents, and trace history. You can vet the parties with whom you want […]
Read more...Easing Into Easements: The Basics
Easements are non-possessory interests in real property known in the law as “servitudes.” In other words, an easement owner does not own the property itself. Easements allow one party to use the land of another party for a specific purpose. Also referred to as a “restricted right,” this is the right to use another’s property […]
Read more...Contract Formation – What to Consider and How to Get Started
In order to reduce the potential for conflict, contracts provide clear and binding terms. The enforcement of a written contract is far easier than an oral agreement, especially when it outlines the parties’ rights and responsibilities clearly. In contrast to law firms that only draft legal documents, Hamlin | Cody does more than that. Our […]
Read more...Good News for Homeowners
Effective January 1, 2021, the California Homestead Exemption was significantly increased to the greater of $300,000 or the countywide median sale price of a single-family home in the calendar year prior to the year in which the exemption is claimed, not to exceed $600,000. Moreover, the exemption amount, whether $300,000 or $600,000 is adjusted annually […]
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