All Forum Posts by: Jonn Vidal

While in escrow with contingency to deliver premises Vacant, seller of commercial building disclosed that tenant is in holdover and in default on a month to month lease expired years ago, with hundreds of thousands in back rent unpaid.

With just 4 days to closing, an open code violation has attached to commercial building regarding the tenant's business activities (vehicle rentals) encroaching on the public dead-end street between the commercial property and their nextdoor home which they are also operating their business out.

After closing, how can the seller ensure the new violation (that wasn't there til after going to contract/escrow) is addressed, and that relatedly, its default/holdover commercial tenant has actually moved out? 

They are not furnishing anything in writing affirming the tenant moved out nor addressing the open violation, simply stating they are now in possession and that the tenant is cleaning up in time for Closing. 

At very least, Isn't a commercial landlord still required to furnish a bilaterally executed 48-hour move-out inspection/checklist?!

(Or something similar that verifies Possession since the contract stipulates vacant delivery at closing)

How to Write a Rent-to-Own Proposal to a Homeowner | Home Guides | SF Gate

Travelling Nurses will definitely be in high demands every Election year.

What is the timeframe between short and long?

Cash buyers as-is where-is no contingencies etc etc per contract

Yet attorney says open violations and a sidewalk lien must all be inspected and removed before close.

So how come so many buildings are routinely sold with violations for way below MV anyways if city supposedly blocks the sale til seller brings up to code/marketvalue?! 

NY? NEVER again!

Never heard of Bogelheads but thx, Mike!

OP, with stocks (maybe cuz its intangible and based on LENDING other institutions your capital -which is not necessarily the case with real property; usually its even the opposite whenever one is borrowing many times more than they are investing!) seems theres plenty of online FREE courses out there ie

Juni Learning, Bloom are offering a free investing course for students | ZDNet

NEW YORK STATE MULTIPLE DWELLING LAW ARTICLE 1 

A "private dwelling" is any building or structure designed and occupied exclusively for residence purposes by not more than two families. 

Work without permit is impermanent work.

Not everybody who put in a 2nd kitchen plans to keep it there permanently especially in a SF without ADU

As eventual resale (afteer moving, died, etc) is expected to be with financing which seems the longtime western standard aka '(north) American Dream' as home prices are widely based on 'the most' much banks will lend out for it, and values for state/county/city tax likewise based on such inflated markets to fatten also those officials' pockets too.

Typical response from inspector will be 'obtain permit' for impermanent work as most always even just demolition requires permit - before beginning 'any work'.

I remember in NYC, people would replace a simple toilet or sink vanity themselves and neighbors would report them the moment they spotted a DIY project - and city would literally come out and issue violation and 'stop all work order' without even getting inside to see if what the tenants and/or neighbors tattled was actually true. Usually money would have to be paid to pull a permit for replacing said toilet or sink etc plus additional fees for each inspector appointment! 

Wonder where is the fine line per local code/dept buildings? Ie in one jurisdiction one can change their own toilet or sink without permit while other might even require a permit to change a faucet! Then there's HOAs who are notorious for issuing fines for even just painting or refinishing - yet get away inexplicably for any work they deem necessary on the common areas of a building without even pulling a permit first.

Doesn't property tax permanently go up for each improvement/addition most of the time? Even if you later take out said improvement/addition, unless reassessment actually happens and is successful in bringing the inflated tax assessment based on improvement history back down.

Godspeed.

What's the monthly HOA?

Wow that sounds like the most generous cash for keys offer I have heard yet ($16,400) if I added correctly!

Perhaps your landlord took the animals and biz into consideration? Or did he just minus rent (48) from work (60)? 

Either way sounds way better than just a get-out notice; best!