Key Takeaways A Letter of Intent (LOI) outlines preliminary terms in a real estate deal and helps guide formal contract negotiations. LOIs can include both binding and non-binding clauses, making legal clarity essential. Common risks include vague language, unclear...
What is an Escrow in Real Estate? Escrow is a third party, neutral, who helps facilitate the real estate transaction by providing a secure exchange location where the officer holds the money and property to be exchanged by the parties to the transaction. It is...
Case Study: First Offer Clause in University of Southern California School of Theology (“SCST”) v. Claremont Graduate University (“Claremont”) University of Southern California School of Theology (“SCST”) v. Claremont Graduate University (“Claremont”) involved a real...
Should I hire an attorney when buying a house? Do you need to hire an attorney when purchasing a home? What can an attorney do that a real estate agent can’t? Some states require hiring an attorney when purchasing a home or selling property, while in other...
There are many types of damages to consider for a party who has suffered injury as a result of the other party’s breach of a purchase and sales contract. In this blog post, we will discuss the various categories of contract damages in California: Compensatory Damages...
Property ownership comes with its own set of challenges, especially when the property in question comes with an existing tenant. Whether you’ve recently acquired a new property or are considering a purchase, understanding the legal intricacies of tenant removal...
