Senate Bill 1103 went into effect on January 1, 2025. This new law establishes protections for “qualified commercial tenants” (QCT). A “qualified commercial tenant” is defined as a tenant of a commercial property that is any of the following: (i) a “microenterprise”, (ii) a restaurant with fewer than 10 employees, or (iii) a nonprofit organization with fewer than 20 employees. …
The Financial Crimes Enforcement Network (FinCEN), which is a bureau of the U.S. Department of the Treasury, has implemented a new law requiring reporting on residential property transactions that will take effect as of March 1, 2026. The purpose of this new law is to combat money-laundering that is taking place through the transfer of residential real estate. Under the …
This article provides a quick summary of some of the important 2024 law updates concerning real property. New Disclosure Rules for “Flippers” – Effective July 1, 2024California Civil Code § 1102.6h For any seller who sells a residential 1-4 unit property within 18 months of purchasing it, and repairs or renovations were performed by a contractor hired by the seller, …
On May 25, 2023 the San Diego City Council passed Ordinance No. 21647 which went into effect on June 24, 2023. This ordinance expanded tenant protections for tenancies in certain units the City of San Diego. Certain properties are exempt from the ordinance which include: (1) short-term rental properties, (2) affordable housing units, (3) mobile homes, (4) room rentals where …
After many years of attempts to regulate short term rentals, and after going back and forth with the California Coastal Commission, on August 10, 2022, the City of San Diego enacted its Short-Term Residential Occupancy and Hosting Platforms Law. This law created a 4 Tier licensing system. Tier 1 licenses are for whole home rentals for less than 20 days …
Real Estate Attorney Ashley Peterson explains California Governor Newsom’s recent moratorium on evictions and what that means for tenants and landlords.
Coffee with Counsel hosted by the San Diego County Bar Association Lawyer Referral Service with attorney Ashley M. Peterson of the Law Office of Ashley M. Peterson, and Seth Garrett of Allen Matkins. The attorneys discuss common issues in buying a residential property, things buyers and sellers should be aware of, and why having a team of professionals is important …
