52.7 F
Hollister
March 28, 2024

Tag: real property law

Assessor’s office to collect late fee for exemptions

When local property changes ownership from a parent to a child or grandparent to a grandchild, the new property owners can keep the old tax rate for the property rather than having it increased based on the current value of the property. But they do need to file an exemption with the San Benito County assessor’s office and those who miss the deadline will soon be charged a late filing fee.

Guest View: Limitation on lease options to renew

Many commercial leases have options to renew in which the tenant has the right to renew the lease for a specified period of time. Most leases state if there is one or several options to renew the lease. A recent California case determined that if a lease is ambiguous as to whether there is one or more options to renew, then the lease will be determine to have only one option to renew.

Sargent Ranch on auction block July 26

The Sargent Ranch northwest of San Juan Bautista, where discovery of forged tribal papers killed a major development project, is slated to be sold at a foreclosure auction July 26. The lender seeks to recover $21.6 million.

Self-help project lacks qualified applicants

South County Housing is still accepting applications for the second phase of a self-help home project in Hollister for low- and very low-income residents.

It’s the Law: How to cancel a real-estate agreement

When a seller and buyer enter into a purchase agreement for real property, both of them intend to perform under the agreement. Most purchase agreements give the buyer various reasons for it to cancel the agreement and not proceed with the purchase.

SOCIAL MEDIA

5,035FansLike
281FollowersFollow
1,077FollowersFollow