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If you ask the Buyer or Seller in most real estate transactions to define an Earnest Money Deposit (EMD), they will likely describe it as a down payment put toward the purchase of a property. While an EMD may eventually be applied to the purchase price of a home, its true purpose is something entirely different. In short, an EMD shows the Seller tha...
Before COVID-19 hit, most people couldn’t tell you the definition of a force majeure clause. Simply put, a force majeure clause excuses a party from performing under a contract, if their performance becomes implausible or impractical, because of some unforeseen or unanticipated event. These uncontrollable events are also known as “Acts of God”. Parties often place force...
By our JohnHart Attorney: Over the past six months, there has been a flurry of different eviction moratoriums enacted by cities, counties, and even the State of California. The different local orders created a complicated framework, usually requiring an attorney to decipher which rule applied to each rental. On Monday, August 31st, Governor Newsom signed the COVID-19 Tenan...
Our attorney at JohnHart wrote this blog and I wanted to share this information with you. As many of you know, Governor Newsom signed the COVID-19 Tenant Relief Act of 2020 (AB 3088) in August of last year. This legislation provided protection for tenants who are one or more months behind in rent. Additionally, it enumerated responsibilities for landlords regarding the...
Debates over the reopening of schools in the Golden State continue to rage as parents, teachers, and administrators cannot seem to get on the same page. The latest news from the state’s office is a hard push to jump-start the reopening process for in-person learning. Specifically, California will save 10% of its vaccine supply for teachers starting March 1. In addition, sch...
Rent control in Los Angeles is confusing people; especially with an ongoing state of emergency gripping the city. We witnessed this first hand when we attended the Los Angeles Housing Department’s (LAHD) Wednesday, August 24th webinar. The meeting was primarily packed with landlords as baffled as they were angry. Despite his succinct responses, host Agassi Topchian, a member of the Rent S...
