by Schorr Law | Feb 28, 2024 | Purchase and Sale
What is Lis Pendens in California Real Estate? Lis pendens is a Latin term that translates to “lawsuit pending.” In real estate law, it refers to a notice filed in public records to alert potential buyers or lenders that a property is subject to a legal...
by Schorr Law | Jan 30, 2024 | Purchase and Sale
Liquidated damages in real estate are a critical aspect of contract law, particularly in California. These damages are predetermined amounts specified in a contract to compensate for losses that are difficult to quantify in the event of a breach. This article delves...
by Schorr Law | Jan 30, 2024 | Purchase and Sale
What is a Purchase Option in Real Estate Law? Sometimes a lease agreement will include an option for the tenant to purchase the leased property during or at the end of the term of a lease agreement. Such an option provides the tenant the ability to purchase the...
by Schorr Law | Jan 30, 2024 | Purchase and Sale
For every recorded real estate transaction in the State of California, a documentary transfer tax based on the value of the property is often imposed on documents that convey real property, unless an exemption applies. For transactions which occur in the City of Los...
by Schorr Law | Dec 29, 2023 | Purchase and Sale
The topic revolves around the real estate agent, more specifically the dual agent; responsible for most purchase and sale property transactions. Is navigating this process with a dual agent be a bad idea? What are the disadvantages of dual agency in California? Why...
by Schorr Law | Aug 31, 2023 | Ownership, Property Damage/ Maintenance, Purchase and Sale, Specific Performance
Are you about to purchase property? Having a professional property inspection done during escrow is an important procedure any prospective buyer should do to ensure that their money will be well spent. One thing no one wants is to find out too late is that their new...
