You’ve decided to sell your home and signed a contract with a potential buyer who made the highest and most qualified bid. But then something happens, and you change your mind. You no longer want to sell. Can you just back out?
When some people buy a new home, they may have to sign a contract with a homeowners’ association (HOA). HOAs are prevalent in neighborhoods across California and operate by collecting fees from the community members to maintain the area and create a cohesive atmosphere.
It often happens when two or more parties own property together that one party wants to sell and the other or others don’t. This can happen after an inheritance when several heirs are awarded the title to the property. One or more may want to cash out, while the others don’t.
Starting a new business venture is an exciting experience, but running the company can be quite tasking. Sometimes, things don't always turn out as anticipated.
When two or more parties enter into a legally binding agreement, everyone is expected to fulfill their contractual obligations. A breach of contract occurs when a party to a valid contract defaults or fails to perform their part or expected duties under the agreement.
In this age of skyrocketing home prices in California, many residents will find themselves in the residential lease market. When you own a home, you pretty much know who is responsible for everything, but in a lease situation, the rights, responsibilities, and legal obligations of both the tenant and landlord need to be clear.
When you decide to put your home up for sale in California, your realtor should advise you of certain disclosures about the property that you must make to any potential buyer. The federal government only mandates that you disclose the presence of any lead paint; the rest is left to the states to decide.
What happens if two people own property jointly and one wants to cash out and the other doesn’t? Maybe they inherited the property and now disagree on what to do with it. Or maybe they bought the property as co-owners, and now find themselves in constant disagreement. One co-owner decides enough is enough and wants out.
The failure to disclose material facts about a home is perhaps the biggest complaint that triggers disputers between sellers and buyers.
Business owners often say that they can’t afford to have an attorney and as to the accounting end of the business all they need is a bookkeeper since they don’t need to have a CPA until taxes are due.