Prop 13 For Californians, Proposition 13 has placed a limit on assessed increases in taxes on real estate since its passage in 1978. To oversimplify, no increases in taxes of more than 2% per annum are allowed unless the real estate is sold or materially improved. ...
California Governor Gavin Newsom signed executive order N-80-20 on September 23 extending the commercial eviction moratorium to the end of March 2021. This order allows local jurisdictions the option to extend their commercial eviction moratoria (however, local...
In the midst of the COVID-19 global pandemic, many commercial tenants are wondering if they can stop paying rent pursuant to their commercial lease since they cannot use their leased premises as a result of “shelter-in-place” (“SIP”) orders requiring the closure of...
