With the hot rental market, rental prices are continuing to rise, the issue of rental affordability has become a major topic of conversation. With many of the newer apartment developments focusing on luxury and resort style living, are some people being priced out of the rental market? Now, even a moderate income earner is having problems affording rental living.
Is there an alternative to the continuous upward spiral of rents and can owners and developers provide affordable housing to the vast majority of the population? What are the benefits to the development of affordable housing and can it be provided with a good standard of living?
You may be surprised to hear that a national economist may not be the one with their ear on the track waiting for the economic train coming. The economist goes to the people in the trenches, who are dealing with the effects of economic conditions on a day-to-day basis. Those people include............. Read more
Are you considering opening your own cannabis business and looking to lease space or are you a landlord hoping to take advantage of the premium rents being demanded? Are you a leasing professional who wants to take advantage of these new opportunities or are you just interested in the topic of marijuana?
Whatever the reason, this is your opportunity to discover the myriad issues facing landlords and tenants who are involved in the marijuana business.
If you are more of a voyeur and just want to watch, click on the image just below and watch at your heart's content. You don't need to download or join anything. However, if you want to ask questions or comment live just click here, to take you to Blab.io. You will need a free Twitter account and need to join Blab, but won't have to download anything. However, not everyone will be able to get on the show.......we only have so much time. Read more
Obviously this is a casual style interview at the Lee & Associates Summit in Las Vegas. Jim helped make it that much more casual. But, there is nothing casual about $8,000 to $10,000 per square foot rents mentioned by Jim in this video. Casual or not, Jim does make it clear that Brooklyn is tres chic and I am an old hipster. Read more
Many, many years ago (circa early 1980's) before the internet was even a twinkle in my eye, when I was General Counsel for Big Bear Markets, Big Bear’s principal owned and managed, internally about 2,000 residential units in addition to all of the company's shopping centers. One Saturday morning, I received a call from our real estate director advising me that he just fired the property manager and he needed help going through her office. There went my weekend. Read more
Option language as written by commercial landlords is usually a mirage and intended to be nothing more, by the landlord. An option almost never benefits the landlord. Read more
If the tenant obtains adequate insurance to cover these unknown risks, the landlord need worry less about the unknown, insurable risks and is more assured that the tenant can and will pay its rents through the end of the term. To this extent, insurance can be a credit enhancement... Read more
Now, I am not suggesting that we will always be successful, but these three collection suits are perfect examples of what can be accomplished if you carefully evaluate, before filing suit, the tenant’s obligations and their likely ability to pay on a judgment, if pushed to the brink. Choosing the right cases and tenant’s to pursue is half the work.
If the lease was not terminated prior to the filing of the lawsuit, we have the option of terminating the lease and suing for Civil Code 1951.2 damages or, if the lease so provides, suing for rents as they accrue, in which case we are only entitled to collect rents and other charges owing up through the date of trial.