Land law

Recent Landlord Bankruptcy Filings Underscore Need for Temporary Rent Relief Based on Retailer Sales, According to The Lamy Group

Retrieved on: 
Thursday, November 5, 2020
Real property law, Landlord–tenant law, Land law, Law, Articles, Leasing, Legal documents, Property law, Landlord, Leasehold estate, Lease, NNN lease

However, with capacity limitsin place, many retailers and restaurants don't have the full potential for revenue to pay contract rent.

Key Points: 
  • However, with capacity limitsin place, many retailers and restaurants don't have the full potential for revenue to pay contract rent.
  • Landlords need to determine which tenants are truly in distress and cannot survive without some form of assistance, Lamy suggests.
  • How can the landlord know that the tenant is properly reporting sales and is paying the correct amount of rent according to the temporarily renegotiated rent relief?
  • Each lease and rent relief lease amendment is different in how it defines "gross sales" and what should befairly standard information.

Fla.'s Housing Market Reports More Sales, Rising Median Prices in September

Retrieved on: 
Thursday, October 22, 2020
Condominium, Real property law, National Association of Realtors, Real estate, Land law, Economy, Economic inequality, Affordable housing, In economics

ORLANDO, Fla., Oct. 22, 2020 /PRNewswire/ --In September, Florida's housing market reported more closed sales, more new pending sales, rising median prices and more new listings compared to a year ago despite the ongoing pandemic, according to Florida Realtorslatest housing data.

Key Points: 
  • ORLANDO, Fla., Oct. 22, 2020 /PRNewswire/ --In September, Florida's housing market reported more closed sales, more new pending sales, rising median prices and more new listings compared to a year ago despite the ongoing pandemic, according to Florida Realtorslatest housing data.
  • "September's market data shows that there are motivated buyers, but the lack of for-sale inventory is affecting their search for their Florida dream home.
  • That imbalance of supply and demand could impact the market in the long-term as housing shortages continue to put pressure on prices and affordability."
  • The statewide median sales prices for both single-family homes and condo-townhouse properties rose year-over-year in September for 105 consecutive months.

Fast House Buyers Offers the Easiest Home Selling Process in San Antonio

Retrieved on: 
Saturday, October 17, 2020
United States housing bubble, Foreclosure, Mortgage, Real property law, Urban decay, Real estate broker, Real estate, Land law, Articles

Fast House Buyers offer solutions and help homeowners sell their house for cash in less than a week's time.

Key Points: 
  • Fast House Buyers offer solutions and help homeowners sell their house for cash in less than a week's time.
  • Whether it be foreclosure, burdensome inheritance, divorce settlements, or tax issues, Fast House Buyers in San Antonio, TX, offers a simple solution for any issues homeowners are facing.
  • Instead of listing the house on MLS as a real estate agent would do, Fast House Buyers are signing a contract with the homeownerto buy their San Antonio house.
  • The best way to avoid foreclosure in San Antonio is with the help of Fast House Buyers.

Q3 2020 U.S. Foreclosure Activity Reaches Historical Lows As The Foreclosure Moratorium Stalls Filings

Retrieved on: 
Thursday, October 15, 2020
Mortgage, United States housing bubble, Foreclosure, Real property law, Urban decay, Real estate, Land law, Property law

The report also shows there were a total of 9,707 U.S. properties with foreclosure filings in September 2020, down 2 percent from the previous month and down 80 percent from September 2019.

Key Points: 
  • The report also shows there were a total of 9,707 U.S. properties with foreclosure filings in September 2020, down 2 percent from the previous month and down 80 percent from September 2019.
  • Highest foreclosure rates in South Carolina, Illinois, New Mexico
    Nationwide one in every 5,048 properties had a foreclosure filing in Q3 2020.
  • Properties foreclosed in Q3 2020 had been in the foreclosure process an average of 830 days, up from 685 days in the previous quarter but down slightly from 841 days in Q3 2019.
  • Lenders completed the foreclosure process on 2,013 U.S. properties in September 2020, down 1 percent from the previous month and down 83 percent from a year ago.

Wectory revolutionise the relationship between landlords and their tenants

Retrieved on: 
Wednesday, October 7, 2020
Affordable housing, Real property law, Landlord, Land law, Real estate, Property law

Tension between perfectly reasonable landlords and tenants, simply because both parties are seeking to lower their own financial risks.

Key Points: 
  • Tension between perfectly reasonable landlords and tenants, simply because both parties are seeking to lower their own financial risks.
  • Wectory is a mobile app that offers landlords several months of prepaid rent in advance, in exchange for a discount.
  • Tenants still pay monthly, but landlords can choose to receive rent for any period of time they fancy (within reason, of course).
  • The benefits for landlords are clear, but how easy will it be to encourage tenants to use Wectory?

Eviction Moratoriums and Potential Rent Forgiveness Continue to Cause Confusion; Opines TenantScreeningUSA.com

Retrieved on: 
Wednesday, October 7, 2020
Real property law, Articles, Business process, Tenant screening, Landlord, Land law, Economy, Landlord–tenant law, Affordable housing, Costa–Hawkins Rental Housing Act, Eviction in the United States

Protestors in the state of Washington are calling for rent forgiveness, as related to the Covid 19 pandemic.

Key Points: 
  • Protestors in the state of Washington are calling for rent forgiveness, as related to the Covid 19 pandemic.
  • (1)
    Almeida adds: "Legislators are potentially going to make changes to laws governing rental properties and, subsequently, tenant screening .
  • Whether through moratoriums or rent forgiveness the challenges landlords and property managers will continue to face will be significant.
  • With a highly trained and experienced staff, TenantScreeningUSA.com can provide help to landlords and property managers with all their tenant screening needs.

Gold Crown Management Rebranded as RealManage

Retrieved on: 
Thursday, October 1, 2020
Real property law, Condominium, Homeowner association, HOA, Myrtle Beach, South Carolina, Land law, Real estate, Geography of the United States

Myrtle Beach, SC, Oct. 01, 2020 (GLOBE NEWSWIRE) -- RealManage, which specializes in condominium and homeowner association management services, announced today the official rebranding of Gold Crown Management to RealManage.

Key Points: 
  • Myrtle Beach, SC, Oct. 01, 2020 (GLOBE NEWSWIRE) -- RealManage, which specializes in condominium and homeowner association management services, announced today the official rebranding of Gold Crown Management to RealManage.
  • Gold Crown became a part of the RealManage family in October of 2018.
  • Gold Crown Management has managed condo and homeowner associations since 1992, amassing a portfolio of 80 community associations and 9,000 condo and HOA units in Myrtle Beach and Charleston, SC.
  • Chris ONeill, CEO of RealManage, states, We are excited to have Gold Crown integrated into our company.

Zillow Offers Will Expand Services in 2021 to Simplify Customer Transactions

Retrieved on: 
Wednesday, September 23, 2020
Real estate, Real estate valuation, Zillow, Escrow, Land law

Starting in January 2021, customers in Atlanta, Phoenix and Tucson who sell homes through Zillow Offers will work directly with trusted, licensed employees of Zillow Homes, a licensed brokerage entity.

Key Points: 
  • Starting in January 2021, customers in Atlanta, Phoenix and Tucson who sell homes through Zillow Offers will work directly with trusted, licensed employees of Zillow Homes, a licensed brokerage entity.
  • The company expects to expand these services to additional Zillow Offers markets later in 2021.
  • Zillow Homes is the company's latest service to simplify and streamline Zillow Offers transactions to deliver a more integrated experience to customers.
  • Zillow Offers customers can already use Zillow-affiliated mortgage, title and escrow services through Zillow Home Loans and Zillow Closing Services.

Existing-Home Sales Hit Highest Level Since December 2006

Retrieved on: 
Tuesday, September 22, 2020
Real estate, National Association of Realtors, United States housing bubble, Foreclosure, Days on market, Land law

Distressed sales5 foreclosures and short sales represented less than 1% of sales in August, equal to July's percentage, but down from 2% in August 2019.

Key Points: 
  • Distressed sales5 foreclosures and short sales represented less than 1% of sales in August, equal to July's percentage, but down from 2% in August 2019.
  • NAR rebenchmarks home sales periodically using other sources to assess overall home sales trends, including sales not reported by MLSs.
  • Historic comparisons for total home sales prior to 1999 are based on monthly single-family sales, combined with the corresponding quarterly sales rate for condos.
  • 5Distressed sales (foreclosures and short sales), days on market, first-time buyers, all-cash transactions and investors are from a monthly survey for the NAR's Realtors Confidence Index , posted at nar.realtor.

Asia Capital Real Estate Launches Program to Help Renters Pay Rent, Avoid Eviction

Retrieved on: 
Wednesday, September 16, 2020
Commercial Building & Real Estate, Technology, Construction & Property, Finance, Professional services, Software, Data management, Other Professional Services, Residential Building & Real Estate, Real estate, Real property law, Landlord, Land law, Eviction, Commercial property, Asia Capital Real Estate, Till

Asia Capital Real Estate (ACRE), a global real estate private equity firm managing capital for institutional and family office investors, today announced that it has launched a Flexible Rent program for renters across the majority of its multifamily properties.

Key Points: 
  • Asia Capital Real Estate (ACRE), a global real estate private equity firm managing capital for institutional and family office investors, today announced that it has launched a Flexible Rent program for renters across the majority of its multifamily properties.
  • In exchange for renter participation in the program, landlords defer all late fees and eviction proceedings for as long as renters are continuing to comply with the agreed-upon schedule.
  • In addition to providing the Flexible Rent program to on-time renters, ACRE also expanded to offer Tills Rebound product to help delinquent renters those already in the midst of eviction proceedings or in imminent danger of eviction get back on track.
  • Asia Capital Real Estate (ACRE) is a vertically integrated private equity firm specializing in commercial real estate through active investments in both direct equity and debt capital markets as well as special situation opportunities.