The history of the limited-equity housing cooperative (LEHC) can be traced back to the mid-1900s. Originally, it served as an option to transition condominiums and cooperatives into affordable homes for those in the low to moderate-income demographic. Today, LEHCs...
Conversion of a mobile home rental park to a community where residents own their dwellings is a complex legal, and lengthy process. For prospective homeowners who have the opportunity to pay into mortgages instead of monthly rent, the benefits may outweigh the...
Among the myriad options to choose from when undergoing a mobile/manufactured home park conversion is to create a “cooperative style community.” Once approved by a Final Public Report from the California Bureau of Real Estate, the new owners/residents can start the...
Perhaps you are in the process of finalizing your late parent’s estate so you and your siblings can receive your inheritances. Of primary concern is how to preserve the estate should any disputes arise even though you know that you are to share the estate and assets...
By a razor-thin majority of 51.1 percent, California residents passed the state’s Proposition 19 in November. Replacing Prop. 13, enacted in 1978, significant changes in residential property taxes will go into effect on April 1. As with any successful proposition...
Entrepreneur provides an excellent summary of the reasons why a Limited Liablity Company Operating Agreement can fail in this Article. Setting up the business correctly to start and periodically reviewing the changing ownership needs are key to a successful LLC...
Assemblymember Waldron introduced California AB 1943 to assist mobile and manufactured home owners located in subdivided mobilehome parks. This bill clarifies Health and Safety Code section 18551 to include all subdivided mobilehome parks, including condominium type...
Property owners have diminished due process rights when dealing with the regulatory morass of governmental entities. The best article I have read regarding this problem was written by Jeremy Talcotta, Attorney, entitled "Due Process: Criminals vs. property...
Mobilehomes and Manufactured Homes with past-due registration fees and taxes have relief. HCD, the California Department of Housing and Community Development, has a new state program that provides waivers for past-due fees and taxes. The News Release prepared by HCD...
Mobilehome Parks are governed by "Title 25" of the California Code of Regulations which implements the Mobilehome Park Act, California Health and Safety Code sections 18200 et seq. Generally, the statute, and implementing reguations are the building codes for...
