- Violence and other security issues are causing those in Ukraine, Turkey, and the Middle East to look outside of the region for a new home.
- Softer shifts, mostly due to political changes, are driving real estate investment out of the Philippines, Venezuela, Brazil, and Argentina.
- Vancouver is expecting a 10 percent drop in real estate sales next year due to a new 15 percent sales tax on foreign buyers.
- High unemployment was a major motivation for young people in Spain to look abroad, and now the same phenomenon is happening with young Greeks.
- The strength of the dollar means many Canadians might be looking to cash out on their vacation homes in the United States. The idea is that they’ll rent for the next few years and come back to buy again when the loonie is more competitive with its southern neighbor.
- One of the best ways to predict which countries are going to contribute most to your pool of foreign buyers is to see where tourists are coming from and take note when airlines add new direct flights from other countries to your area.
- Eco-tourism was a big driver for foreign visitors, but it’s waning. Next up might be “marijuana tourism” for U.S. states that have legalized the drug.
- Blackstone Group is selling a big portion of its investments in hotels and getting back into multifamily. You’ll see more hotel deals in 2017, but due to all the building happening now, an oversupply might lead to a cooling in 2018.
- Foreign investment focus may soon shift from New York and Los Angeles to smaller cities and towns that boast attractive events such as large wine, art, and film festivals.
1. Question: Are e-mail communications between tenant and landlord admissible in court? Answer: Yes, e-mails can be allowed into evidence, but cannot be used to serve notices.
2. Question: I want to serve a three-day notice to pay rent or quit to a tenant who is very late on his rent. The rental amount listed on the lease is $875.00 plus an additional $25.00 for parking. The tenant has paid the $900.00 for the past 24 months. Which amount should be placed on the notice?
Answer: It is safer to serve a separate three-day notice to pay rent or quit, as well as a three- day to perform conditions and covenants or quit for the parking charge at the same time. If they do not pay either one, or both, you can proceed with the eviction process.
3. Question: When a month-to-month resident decides to vacate after being served a three- day notice to pay or quit, do the owners have the right to charge for thirty days after the move- out to comply with their month-to-month agreement?
Answer: Yes, you can charge up to the time the premises are relet or thirty days from the date of their departure, whichever occurs first, so long as you make diligent attempts to relet the property.
4. Question: Our tenant gave a thirty-day notice of termination, intending to move out on the 10th of the next month. Since the rent was due on the first of the month, can we require the tenant to have given thirty-days’ notice on the first of the month?
Answer: Once you are on a month-to-month tenancy, either party can terminate it by serving a thirty-day notice at any time. They are, however, responsible for the rent up to the date the thirty-day notice expires, so they would owe pro rata rent for the following month.
5. Question: We have a tenant who has been provoking other tenants so we gave her a thirty- day notice. She is now very angry and has flooded her apartment and the three apartments below her by inserting a roll (still on the spool) of toilet paper into her toilet and then flushing the toilet over and over. What can we do?
Answer: You can serve a three-day notice to quit based upon this activity. If she fails to vacate in three days, the court eviction can commence and you would not have to wait for the thirty-day notice to expire. You can also call the police for vandalism.
6. Question: I served a tenant a three-day notice to pay rent or quit. The tenant wrote a personal check that bounced. Do I have to give another three-day notice?
Answer: No, you do not have to serve a new three-day notice. You can proceed directly to the next step by filing an unlawful detainer action.
7. Question: I had to go through an eviction to regain possession of one of my rentals. I also received a judgment for the rent, court costs and my attorneys’ fees. How can I collect this judgment? Do I have to go back to court?
Answer: The law provides for a variety of ways to collect the judgment. Wage garnishments, bank levys, attachment of personal property and judgment debtor examinations are formal ways to collect monetary judgments. Of those listed, a bank levy is the most effective way to collect a judgment. Receiving accurate information on the rental application allows optimal opportunity to collect.
8. Question: One of my tenants vacated the property and left his roommate behind. Both signed the rental agreement and now the tenant who vacated is demanding his share of the security deposit be returned to him. Is he right? What should I do?
Answer: You are not required to return or account for the use of the security deposit until you regain possession of the property after the tenants have vacated. California requires the deposit be accounted for in writing and sent to the last known address of the tenants no later than 21 days following the return of possession unless the lease requires an earlier time frame. The tenant who vacated early should work out an arrangement with his former roommate. You are under no obligation to account for the deposit at this time.
9. Question: I own and manage a 10-unit apartment building. One of my tenants gave me 10 days’ notice of her intention to vacate. She wrote that she would not be responsible for rent after that since I have a security deposit and she is on a month-to-month agreement. Is she right?
Answer: Unless you have agreed to a shorter amount of time in which to terminate your month-to-month rental agreement, the law requires a thirty-day notice be served by either the owner or the tenant in order to terminate the tenancy. If less than thirty days is given, the tenant is still liable for the full thirty days unless you were able to re-let the premises before the thirty days ran out.