Demolition (§ 1940.6) – If a landlord has applied for permission to demolish his building, all potential tenants must be informed of future plans before the lease is concluded. The Article Indemnification Agreement (SP) has been amended to allow a broker to bind an owner to the agreement. In paragraph 1 of the form, the language has been added to include “lessor” as “principal”. [Up] Offer Summary – RIPA is a new one-sided form that provides sellers with the most important terms of an offer. The form is a great marketing tool for buyers, as it allows the seller to see all the important terms of the offer without going through pages of text. The form describes the main parts of the offer, including the purchase price, down payment, fiduciary closing, contingencies, loan amounts and date of holding. In the column adjacent to the conditions, there is a paragraph number in which the seller can easily find the complete essential conditions inside the offer. As stated in the publication on the form, the document does not function as a document in its own right and is neither an offer, nor a binding agreement or a memorandum of understanding. There is no room for a signature and the summary of the offer must therefore be accompanied by a complete and complete offer. [Up] The California lease describes the agreement between a lessor and a tenant with respect to the use of real estate for a specified period of time. Certain provisions and disclosures are made in the document that legally protects the landlord and tenant if a party violates any of the written provisions. Both parties to the transaction must sign the contract for the document to be effective.
Smokers` Directive (§1947.5) – Before renting, the lessor must accompany the lease with a full advertisement specifying the rules and rules applicable to smoking cigarettes (tobacco) on the grounds or specifying that smoking is totally prohibited on the site. (HcD provides a guide on how landlords can ban smoking in rental units.) There is no additional period imposed by the State, the rent is due on the date provided for in the rental agreement (Article 1947). A lessor must inform the tenant twenty-four (24) hours in advance (in writing) before entering/entering (§ 1954(a)). In December 2018, the California Association of REALTORS® (CAR) released several new forms that allow real estate brokers and agents to simplify their procedures. In addition, revisions have been published for several CAR forms that affect how real estate transactions can be conducted. There are other forms and revisions in the pipeline that will likely be introduced in the summer of 2019, and we will definitely provide an update on those changes! Below is a summary of the new forms and changes to existing forms: Megan`s Law (§ 2079.10(a)) – New tenants must be notified (in writing in the content of the rental agreement) that the California Department of Justice maintains a website that shares reports about registered sex offenders…