Investors sometimes acquire investment property with others as tenants in common (TIC), including through a California 1031 exchange. However, the ownership label alone does not determine the tax outcome. Eligibility depends on the actual ownership structure and applicable federal requirements. A TIC arrangement does not automatically qualify for Section 1031 treatment. If the co-owners operate… Read more »
Posts Tagged: Real estate
California FAIR Plan and Wildfire Insurance: What Property Owners Need to Know
Some California property owners cannot obtain or keep traditional property insurance because of wildfire risk. The California FAIR Plan offers a basic option when the traditional market does not. Its protection differs from a full homeowners or commercial property policy. The FAIR Plan’s standard residential policy covers named perils, mainly fire. It does not include… Read more »
Restrictive Covenants vs. Zoning in California: Which One Controls?
One California parcel can answer to two separate sets of rules. Local zoning, adopted by a city or county, regulates how land may be used and built. A recorded restrictive covenant, created by private parties, can limit the same land in different ways. That creates a common question in restrictive covenants vs zoning California disputes:… Read more »
Real Estate Investment Structures in California: LLCs and Partnerships
California investors can hold real estate through more than one ownership structure, and an LLC is not the only option. A partnership, individual ownership, or another entity can all serve different purposes. Each structure affects who owns the property, who controls decisions, how investors share responsibilities, and how disagreements are resolved. Choosing between an LLC… Read more »
California Anti-Price Gouging Law: What Property Owners Need to Know
California’s anti-price-gouging law can limit how much landlords charge for rental housing after certain emergency declarations. The rules can apply to existing rentals, vacant units, and other rental situations covered by California Penal Code section 396. The law generally limits covered rent increases to 10 percent, but the calculation depends on the property’s rental history… Read more »
California Landlord-Tenant Law: Property Owner Rights and Duties
Renting residential property in California comes with a defined set of rights and legal obligations. Property owners have meaningful protections under California law, including the right to collect rent, enforce lease terms, and recover possession through a lawful process. At the same time, California gives tenants significant protections that landlords must understand and follow. The… Read more »
How to Handle a Quiet Title Action in California: Step-by-Step Guide
A neighbor claims your fence sits on their land. A sibling challenges your ownership of inherited property. A deceased former owner’s name still appears in the title records. An old deed conflicts with how the property has been used for decades. Each situation can create uncertainty about who holds what legal interest in real property…. Read more »