Saturday , 19 October 2019
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The Latest from Carol

Category Archives: Legal Updates

Be Careful About Asking Tenants to Move Out!

I was recently speaking with someone who has a condo in the city that was built in the early part of the last century. Since it was built prior to June of 1979, it comes under the SF Rent Control Ordinance. She told me that she thought that once the lease is up, she can give the tenant 60 days ... Read More »

So You Want to Buy a Two-Unit Building in SF?

Lately, I have had a number of people ask me about buying a two-unit building. For parents who have children they’d like to see return to San Francisco after college, buying a two-unit building gives them an investment that one day may be used by their children as a home.  Others would like to buy a two-unit building (as my ... Read More »

The Three Things You Need to Do When Buying an Investment Property!

San Francisco Multi-unit

Some people dream of owning a rental building so that over time it will supply them with good cash flow. While it sounds like a great idea if you can afford to do it, there are a number of things you need to know. I am currently working with a client who lives outside of California and wants to own ... Read More »

Don’t Let Your Real Estate Agent Represent the Other Side!

One thing that has troubled me since I became a real estate broker 15 years ago is when the same agent represents the buyer and seller in a transaction. This is called dual agency. Maybe it is because I am a lawyer that I feel so strongly about this but to me it is a clear conflict of interests. Everyone ... Read More »

Is the SF Market Cooling?

In the last two weeks, a substantial number of properties have come on the market. The Broker’s Tour outlines the properties agents can view on a given Tuesday in San Francisco. It literally doubled in its number of pages from about 14, which it has hovered around this past year, to 28 pages the second week of September! My buyers ... Read More »

So You Think That Offer is Non-Contingent!

In San Francisco these days, it is hard to prevail in a multiple offer situation unless a buyer writes a “non-contingent” offer – no financing, appraisal or inspection contingencies. And many people seem to think that if an offer is written like that, the buyer can’t get out of it if he gets cold feet and changes his mind. However, ... Read More »

Don’t Litigate (If You Can Help It)!

I recently represented separate sellers of two different modern condos, one built in 2004 and the other in 2007.  They each bought their condos within several years of each other in strong markets. They both just sold their units. One was a two bedroom condo in the Mission whose photograph appears above and one was a one bedroom view condo ... Read More »

And Then There’s The Dog Walk!

What your HOA dues pay for, as well as the amount, can vary tremendously. In a luxury building where there are a plethora of amenities, the dues will be higher but the amenities will be greater. One thing that is helpful to understand is the difference between an operating expense and a capital reserve. HOA dues will always include the ... Read More »

San Francisco Gets Even Wackier – Baaah, Here Comes Prop G!

  I’m from Pennsylvania and I am still adjusting to having to vote for propositions on the ballot. Personally, while it sounds like a good idea to give people the opportunity to put initiatives on the ballot that have a certain amount of support, I don’t think in reality it is such a good idea. As voters, we don’t have ... Read More »

Keeping Real Property Taxes Low!

A client of mine recently sold his beautiful home in Noe Valley. In the next year or so he would like to purchase another property. Since he just turned 55 this year, he is fortunate to have the opportunity to buy a property of lesser value within the next two years and transfer the original tax assessment of the property ... Read More »

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