Introduction to 1031 Exchanges of Real Property

When you own real property, that asset will generally appreciate in value over time, particularly if you own property in San Diego. When you sell that asset, capital gains tax will be due on the sale based on the appreciated value. A 1031 exchange is the method by which a person can sell an existing investment property (“relinquished property”) and …

Coffee with Counsel: What Residential Home Buyers Should Know

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 …

Transient Occupancy Taxes – Do I Really Have to Pay Them?

Most cities in San Diego County, and throughout California, impose something called a “transient occupancy tax” (TOT) on “transients,” or persons who occupy a hotel, RV park, campsite or short term rental property for a period of less than 30 days. This TOT applies to short term vacation rentals under Airbnb, VRBO, and other similar sites. As an Airbnb host, …

What a Landlord Should Know if a Tenant is a Victim of Domestic Violence or Abuse

Effective January 1, 2016, the California Legislature amended Civil Code Section 1946.7. This code section effectively enables a tenant to break a lease agreement prematurely, without penalty, if the tenant notifies the landlord in writing that he or she is a victim of an act of domestic violence, sexual assault, human trafficking, elder abuse, or abuse of a dependent adult. …