Commercial Real Estate landlords are currently required to disclose in their lease whether the property to be leased has been inspected by a Certified Access Specialist ("CASp") and if so, whether the property has or has not been determined to meet all applicable construction related accessibility standards.
In part 1 of this 3 part blog, we reviewed steps needed to understand what you own or have inherited. Now that you have an understanding of the property, you may have decided to keep the property and operate it for income purposes. This blog will review issues relating to owning and operating the property.
Last week, a social media post regarding a commercial real estate lease has gone viral. Yes, you read that correctly, a social media post regarding a commercial real estate lease went viral (over 1,800 comments and 2.5 million views). I never thought I'd see that day. With that said, it's understandable based on the interesting facts of this story.
Unlike typical eviction actions for tenants renting a home or apartment, evictions in mobilehome parks are complex and have a variety of pitfalls to watch out for. In addition, evictions of tenants in mobilehome parks are governed by the Mobilehome Residency Law, a completely separate and distinct set of laws from standard landlord-tenant laws.
#1 - Deal with Problem Tenants Early On
Unlawful detainers are already fraught with procedural pitfalls and now due to budget cuts and an increase in "pro per" litigants, landlords face additional delays and difficulties in removing tenants that refuse to pay. The old saying "time is money" holds especially true in unlawful detainers where the amount of time a property sits with an unpaying tenant directly impacts the owner's bottom line.