Does your business need to file a report under a new federal law?
Goodkin APC | Los Angeles Real Estate Law Blog
by rajayogan.s@thomsonreuters.com
3w ago
Regulatory compliance is crucial to the success of any modern business. The failure to adhere to both state and federal regulations could lead to a loss of licensing or financial penalties. As a result, executives and business owners are often familiar with existing statutes that apply specifically to a particular industry. However, they also need to stay up to date on the regulations that apply to their business, as they change all the time. For example, a law passed by federal lawmakers in 2021 just took effect on the first of the year. The Corporate Transparency Act (CTA) was a bipartisan p ..read more
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Why do so many business lawsuits settle instead of going to trial?
Goodkin APC | Los Angeles Real Estate Law Blog
by soham.amiyaroydastidar@thomsonreuters.com
1M ago
If a business ever faces litigation, there could be reason to worry about significant financial consequences. Many people have heard the claim that approximately 90% of all civil lawsuits settle. Some researchers claim that the 90% figure is a gross exaggeration. Research does indicate that settlement rates vary between different court jurisdictions and even different types of lawsuits. Still, a significant percentage of business-related lawsuits do eventually settle outside of court. Even those abiding by the most conservative estimates could agree with the statement that a majority of all la ..read more
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Can penalty clauses strengthen contract lawsuits in California?
Goodkin APC | Los Angeles Real Estate Law Blog
by rajayogan.s@thomsonreuters.com
2M ago
A breach of contract can be very expensive for the business affected. The failure to complete a project or deliver materials could slow down an organization’s fulfillment of its own obligations. Sometimes, companies may have to idle production lines or absorb losses because they must source services or materials at the last minute for a premium price. Executing written contracts with vendors, contractors and service providers may help diminish the likelihood of a significant breach of an agreement. If a breach occurs anyway, the business may need to take the matter to civil court. Breach of co ..read more
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The difference between public and private nuisance
Goodkin APC | Los Angeles Real Estate Law Blog
by rajayogan.s@thomsonreuters.com
3M ago
The behavior of a neighbor can directly influence someone’s use of a property. For example, if a neighbor pollutes the soil or causes damage to a tree near a property line, those actions could negatively impact the resale value of adjacent properties. There are laws in California that allow a property owner to take legal action when someone else damages the value of their property. In some cases, such scenarios could justify civil litigation. Private nuisances are grounds for a lawsuit filed against a neighboring property owner. Public nuisances are also potentially harmful to property values ..read more
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What are the best long-term commercial real estate investments?
Goodkin APC | Los Angeles Real Estate Law Blog
by rajayogan.s@thomsonreuters.com
6M ago
The commercial real estate market in California, particularly in Los Angeles and Orange counties, can be very lucrative. Landlords and owners alike can potentially profit off of properties by leasing or selling them to others. Those seeking to invest in commercial properties often need to think carefully about their short-term needs and their long-term goals. Not every commercial real estate investment is equally successful, and people might potentially set themselves up for financial losses if they don’t look carefully at the market before completing a transaction. Certain types of property b ..read more
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What happens if an easement “runs with the land”?
Goodkin APC | Los Angeles Real Estate Law Blog
by gturnercontentcustoms
7M ago
When you purchase a piece of property, it’s important to know if it comes with an easement attached. There are two main types of easements, which are known as an easement appurtenant – where the easement “runs with the land” – and an easement in gross, which is often known as a personal easement. A personal easement can be eliminated when the property changes hands. It generally means that two property owners had a standing agreement with each other. That agreement is not officially part of the land in any sense, so the new property owner gets to decide if they want to honor it or not. But thi ..read more
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Mistakes inexperienced landlords make
Goodkin APC | Los Angeles Real Estate Law Blog
by gturnercontentcustoms
8M ago
Investing in rental properties can be a rewarding venture, but it’s not without its fair share of challenges – especially if you’re a first-time landlord. By learning more about common mistakes shared by first-time landlords, you can set yourself up for a much smoother experience. Here are the biggest missteps to avoid: Failing to screen tenants You may trust your “gut instincts” a lot when it comes to business but don’t make that mistake when it comes to your tenants. Failing to thoroughly vet your potential tenants can lead to problematic occupants who pay rent late, cause damage to the prop ..read more
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Landlord’s dilemma: What to do when renter fails to pay rent.
Goodkin APC | Los Angeles Real Estate Law Blog
by dana.patel@thomsonreuters.com
10M ago
This issue is not a novel one. Tenants fail to pay rent all the time. Unfortunately, since 2020, the issue has grown, and tenants found themselves benefiting from various legal protections. Although the idea behind the protections, to help keep people in their homes and business sites during the worst of the pandemic, was noble, the reality was not always as altruistic. Some tenants took advantage of these offerings to avoid paying their rent even when they had the financial capacity to meet their contractual obligation. What are the protections? One example was the LA County Eviction Moratori ..read more
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Selling real estate in a post-COVID environment
Goodkin APC | Los Angeles Real Estate Law Blog
by stephanie.aplin@thomsonreuters.com
10M ago
While countless industries struggled during and following the worldwide COVID-19 pandemic, one, in particular, saw significant revenues from 2020 to 2021. The real estate industry significantly benefitted from unprecedented lower interest rights, not to mention considerable demand. Fast forward to today. The housing market remains strong, yet with a limited volume. Those who did not avail themselves of the potential savings decided that familiar and existing surroundings in uncertain times took precedence. New methods take precedent What changed most in the home buying process beyond looking f ..read more
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Why real estate developers need insurance
Goodkin APC | Los Angeles Real Estate Law Blog
by wreedcontentcustoms
10M ago
As a real estate developer, you’ll be all too aware that every part of the building process comes with its own risks. You’re exposed to being liable for a claim from day one.  To protect yourself, your employees and your business you know that it’s important you have the right insurance in place. What are the risks to you if you don’t?  1. You may find yourself liable for a negligence claim As a developer, you’re responsible for the acts and omissions of everyone working for you. As humans, people make mistakes. If you don’t have the right professional liability insurance in place, y ..read more
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