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Anaheim Legal Issues Blog

Commercial real estate could be a valuable investment

When investing, many people want to find ways that they can earn a passive income. While there is certainly still work involved, owning commercial real estate can often offer this type of opportunity. Of course, in order to get started, individuals interested in California real estate need to find the right property for their ventures.

While it is common for people to look close to home when considering buying property, it may be wise for parties to go beyond their local regions. Buying in different states could mean that different opportunities are available. Parties may be able to take advantage of different real estate sub-markets and varying changes in economy from one area to another. This diversification could better ensure that at least some investments have a chance of thriving even if one area is not.

Avoiding common mistakes to prevent business disputes

When starting a new business in California, founders have any number of important decisions to make. Choosing a business structure, formulating a business plan, launching products or services and making hiring decisions are just a few of these important elements. Each decision is crucial to the success of the business and may have lasting effects long beyond the grand opening.

One way to mitigate potential issues down the line is to put in the extra effort from the beginning. Take the time to consider some common startup errors as a means to find strategies to avoid the same pitfalls with your new venture.

Real estate transactions are legally-binding deals

Many California residents consider buying a home one of life's biggest milestones. When individuals feel ready to take such a major step, their eagerness may also be mixed with some apprehension. The latter feeling is understandable as many factors go into real estate transactions, and people want to avoid as many mistakes and missteps as possible.

Of course, many individuals buying homes -- especially first-time buyers -- do have options for getting help. The first person that comes to mind is usually a real estate agent. Certainly, this person can offer a great deal of help in finding properties that suit the buyer's wants, needs and price points. When it comes to price, it is also wise to work with a mortgage lender who can help explain the financial situation and what amount a buyer may qualify for.

Real estate transactions have many steps before closing

Many people find the idea of buying their first California home exciting. Of course, this process may also involve more steps than they realized. Real estate transactions are complex affairs, and even if parties have found what they believe to be the perfect homes, they need to complete several steps before closing.

One of the first steps that individuals may want to take involves a title search. In some cases, a title may have a third-party claim that could cause issues in terms of ownership. A title search can allow prospective buyers to determine whether any claims exist before they go through with the purchase. Additionally, title insurance is available to prevent other parties from coming forward to make claims against the property later.

Real estate disputes may arise over lease issues

Running a business and its success can often hinge on where the base of operations is located. As a result, when a business has to move due to construction or other changes in the area, it can have a major impact on the company. In fact, if the move does not go as planned, real estate disputes could result.

California residents may be interested in a commercial lease dispute currently underway in another state. Reports indicated that a real estate development project had resulted in the demolition of a building that had housed a bar. The developer and the bar owner had apparently come to an agreement to keep the bar's current lease, which was to run through 2020, at a new location. The developer also paid the bar owner $30,000 per month to make up for lost revenue.

How to prepare your home to sell

Selling your house can be a large undertaking. There are many steps you will need to take before selling. Presenting your home in the best possible way is one of these steps, if you want to sell it successfully. In order to draw interest to your home to attract buyers, you may need to make certain preparations to your house.

Here are three steps you should take to prepare your home to sell.

Disagreements among leadership leads to business dissolution

Some businesses can run for many years before a major hiccup results in the need to seriously reconsider operations. In some cases, leadership teams may disagree on how to run the company to a point that it seems as if there is no resolution available. In these types of situations, it is not unusual for business dissolution to take place.

California readers may be interested in this type of situation that recently affected a business in another state. Disagreements about how the company should operate formed between the co-founder and CEO of the company and the rest of the leadership team. Details on what differences they encountered were not given in the report, but the situation was serious enough to lead to the dissolution of the company.

Partially collapsed parking deck leads to construction litigation

New structures pop up all over. Many areas need construction projects in order to meet certain needs or in order for new businesses to have a place to conduct their affairs. However, if issues with a new structure present themselves, it is not unusual for construction litigation to take place, especially if one party believes that the proper steps were not taken to complete the project.

California readers may be interested in a lawsuit that was recently filed in another state. The issue at hand revolves around a five-story parking deck on a university campus. The parking garage was built eight years ago, and it suffered a partial collapse in 2016. Representatives for the university believe that the contractors who built the structure breached the established contract by not using the agreed upon materials.

Professional help may be wise for commercial real estate deals

Any type of real estate transaction can have its bumps along the way. California residents may find themselves particularly concerned with issues pertaining to commercial real estate. Typically, making this type of purchase or leasing commercial property can seem overwhelming to anyone, especially those with little or no previous experience with such an undertaking.

For anyone looking to make a commercial real estate transaction, it is important not to be hasty. Some individuals may want to jump at the first property that suits many of their needs, but it is often more beneficial to explore different locations before settling on one. Parties may also want to remember that certain aspects need consideration that are not immediately visible, like property taxes for the area and what insurance costs on a particular location may be.

Construction litigation arises over lack of environmental study

Most people see some form of construction almost daily. Some people may even carry out these projects themselves. While the end result may be to make an area better, it can be difficult to reach those results when issues with the projects arise. In some cases, other parties may feel that violations have occurred that warrant construction litigation.

California readers may be interested in a case that is currently underway in another state. Reports indicated that the issue revolves around a roadway construction project and its environmental impacts. A federal lawsuit was filed against the state's Department of Transportation as it is believed that an environmental study was not conducted before the project began. The suit hopes to bring the project to a stop until the study takes place.

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