by Simone & Associates | Mar 1, 2021 | Uncategorized
On January 1, 2021, Governor Newsom signed AB 1885, which raises the amount of equity in your personal residence that is protected from judgment creditors. This protection is referred to as a homestead exemption. This new law raises the homestead exemption (amount of...
by Simone & Associates | Feb 19, 2021 | Before you agree to rent, COVID19, Leases, Uncategorized
Question: I am a landlord and do not want to look for new tenants every year. Should I enter into a long-term lease with my tenants? Answer: A lease can be beneficial or disastrous for a landlord. It is beneficial to keep a tenant for multiple years, so you do not...
by Simone & Associates | Feb 3, 2021 | COVID19, Uncategorized
On or before February 28, 2021, Residential landlords must serve a new Notice from the State of California to any tenant that owes rent from March 1, 2020 to February 28, 2021 (required by SB 91). CLICK HERE FOR REQUIRED FORM. Residential landlords must use a new 15...
by Simone & Associates | Feb 2, 2021 | COVID19, Uncategorized
Senate Bill 91 was signed into law on January 29, 2020 extending the due date for tenants to pay 25% of their rent from January 31, 2021 to June 30, 2021. Tenants who provide a COVID-19 Declaration of Financial Distress now have until June 30, 2021 to pay 25% of the...
by Simone & Associates | Feb 2, 2021 | COVID19, Uncategorized
As you may have seen in the news, one of President Joe Biden’s first acts after being inaugurated was to order an extension of the Center for Disease Control (CDC) Eviction Moratorium that was sent to expire on January 31, 2021 to March 31, 2021. Additionally,...
