Thursday, April 21, 2011
Friday, December 17, 2010
Friday, September 03, 2010
Thursday, December 24, 2009
Tuesday, November 03, 2009
Wednesday, June 24, 2009
Tuesday, June 09, 2009
Homestead Protection III
Homestead Protection III
How do I file a declared homestead?
You can file a declared homestead by taking these steps:
1. Buy a declared homestead form from a stationery store, or download one online from the Registrar-Recorder’s website at: www.lavote.net/GENERAL/PDFS/HOMESTEAD_DECLARATION.pdf .
2. Fill out the form.
3. Sign the form and have it notarized.
4. Contact the Registrar-Recorder’s office where the property is located for fees and filing addresses. In Los Angeles County call (562) 462-2125.
Companies offering to help you file a declared homestead cannot charge more than $25.
How do I file a declared homestead?
You can file a declared homestead by taking these steps:
1. Buy a declared homestead form from a stationery store, or download one online from the Registrar-Recorder’s website at: www.lavote.net/GENERAL/PDFS/HOMESTEAD_DECLARATION.pdf .
2. Fill out the form.
3. Sign the form and have it notarized.
4. Contact the Registrar-Recorder’s office where the property is located for fees and filing addresses. In Los Angeles County call (562) 462-2125.
Companies offering to help you file a declared homestead cannot charge more than $25.
Homestead Protection II
Homestead Protection II
Who needs a declared homestead?
If you’ve been sued in court, lost, and have a large money judgment against you, a declared homestead can help. If you sell your home, it protects some of the proceeds for six months. This gives you time to buy another home and record another declared homestead.
How much does a homestead protect?
Both automatic and declared homesteads protect the same amounts:
· $50,000 for an individual;
· $75,000 if the homeowner lives with at least one family member who has no interest in the house;
· $150,000 if the homeowner is 65 years of age or older, or is physically or mentally disabled;
· $150,000 if the homeowner is 55 years of age or older and single with an annual income of $15,000 or less;
· $150,000 for a married couple with a combined annual income of $20,000 or less;
A homestead does not protect you against:
· Foreclosure of your home by mortgage lender if you are behind on payments.
· The enforcement of a mechanic’s lien;
· A judgment for child or spousal support.
Who needs a declared homestead?
If you’ve been sued in court, lost, and have a large money judgment against you, a declared homestead can help. If you sell your home, it protects some of the proceeds for six months. This gives you time to buy another home and record another declared homestead.
How much does a homestead protect?
Both automatic and declared homesteads protect the same amounts:
· $50,000 for an individual;
· $75,000 if the homeowner lives with at least one family member who has no interest in the house;
· $150,000 if the homeowner is 65 years of age or older, or is physically or mentally disabled;
· $150,000 if the homeowner is 55 years of age or older and single with an annual income of $15,000 or less;
· $150,000 for a married couple with a combined annual income of $20,000 or less;
A homestead does not protect you against:
· Foreclosure of your home by mortgage lender if you are behind on payments.
· The enforcement of a mechanic’s lien;
· A judgment for child or spousal support.
Homestead Protection
Homestead Protection
If you are sued in court and lose, the person who sued you may try to force the sale of your home to collect their money. A homestead makes it harder for them to do this.
A homestead protects some of the equity in your home. If your home is worth more money than you owe on it, you have equity. For example, if your home is worth $350,000 and you owe $300,000, you have $50,000 in equity. A homestead can protect the $50,000.
There are two types of homesteads, automatic and declared.
What is an automatic homestead?
If you live in the home you own, you already have one. It protects some of your home equity until you sell your home. You do not have to sign or file anything to have an automatic homestead
What is a declared homestead?
A declared homestead is a legal form that you record with the Registrar-Recorder’s office. A declared homestead protects some of your equity for six months after you sell your home if the following three conditions are all true:
· You sell your home and buy another home within six months;
· The protected amount is used to buy another home;
· You record a homestead on the new home.
Only the home you live in, qualifies for a homestead.
If you are sued in court and lose, the person who sued you may try to force the sale of your home to collect their money. A homestead makes it harder for them to do this.
A homestead protects some of the equity in your home. If your home is worth more money than you owe on it, you have equity. For example, if your home is worth $350,000 and you owe $300,000, you have $50,000 in equity. A homestead can protect the $50,000.
There are two types of homesteads, automatic and declared.
What is an automatic homestead?
If you live in the home you own, you already have one. It protects some of your home equity until you sell your home. You do not have to sign or file anything to have an automatic homestead
What is a declared homestead?
A declared homestead is a legal form that you record with the Registrar-Recorder’s office. A declared homestead protects some of your equity for six months after you sell your home if the following three conditions are all true:
· You sell your home and buy another home within six months;
· The protected amount is used to buy another home;
· You record a homestead on the new home.
Only the home you live in, qualifies for a homestead.
Friday, April 10, 2009
Friday, December 05, 2008
Thursday, December 04, 2008
Wednesday, November 19, 2008
Tuesday, September 09, 2008
Rent Control
Los Angeles Housing Department
http://www.lacity.org/lahd/rso.htm
RENT STABILIZATION ORDINANCE
http://www.lacity.org/lahd/rso.htm
RENT STABILIZATION ORDINANCE
The purpose of the Rent Stabilization Ordinance is to protect tenants from excessive rent increases, while at the same time allowing landlords a reasonable return on their investments. The Rent Stabilization Ordinance is Chapter XV of the Los Angeles Municipal Code.
Residential rental units covered by the RSO include:
apartments
condominiums
town homes
duplexes
two or more dwelling units on the same lot
mobile homes
mobile home pads
rooms in a hotel, motel, rooming house or boarding house occupied by the same tenant for 30 or more consecutive days [Changed from 60 to 30 days pursuant to Ordinance 176472, Adopted February 1, 2005; Effective March 26, 2005. Council File 03-1517.]
condominiums
town homes
duplexes
two or more dwelling units on the same lot
mobile homes
mobile home pads
rooms in a hotel, motel, rooming house or boarding house occupied by the same tenant for 30 or more consecutive days [Changed from 60 to 30 days pursuant to Ordinance 176472, Adopted February 1, 2005; Effective March 26, 2005. Council File 03-1517.]
To be subject to the RSO of the City of Los Angeles, a property must meet the following three criteria:
1. The property must be within the City of Los Angeles; and
2. There must be two or more units on the lot; and
3. The building must have a Certificate of Occupancy issued on or before October 1, 1978. (In the case of mobile homes and mobile home pads, the park must have been issued a permit to operate before February 10, 1986).
Properties exempt from the RSO are as follows:
1. Properties located in other municipalities or within unincorporated areas within the County of Los Angeles;
2. Single family dwellings, used as such;
3. Properties (except mobile homes and mobile home pads) with a Certificate of Occupancy issued after October 1, 1978 (new construction);
4. Mobile homes or mobile home pads when the park was issued a permit to operate after February 10, 1986;
5. Government owned properties;
6. Units occupied by an owner or family member where no rents are collected;
7. Vacant units (10 days to register upon rental of the property);
8. Properties permanently removed from the rental market;
9. Luxury Housing Accommodations issued a Department Certificate;
10. Demolished RSO properties;
11. Schools/Hospitals;
12. Hotel/Motels - with tenancy under 30 days [Changed from 60 to 30 days pursuant to Ordinance 176472, Adopted February 1, 2005; Effective March 26, 2005. Council File 03-1517.];
13. Non-profit owner units, with certain qualifications.
2. Single family dwellings, used as such;
3. Properties (except mobile homes and mobile home pads) with a Certificate of Occupancy issued after October 1, 1978 (new construction);
4. Mobile homes or mobile home pads when the park was issued a permit to operate after February 10, 1986;
5. Government owned properties;
6. Units occupied by an owner or family member where no rents are collected;
7. Vacant units (10 days to register upon rental of the property);
8. Properties permanently removed from the rental market;
9. Luxury Housing Accommodations issued a Department Certificate;
10. Demolished RSO properties;
11. Schools/Hospitals;
12. Hotel/Motels - with tenancy under 30 days [Changed from 60 to 30 days pursuant to Ordinance 176472, Adopted February 1, 2005; Effective March 26, 2005. Council File 03-1517.];
13. Non-profit owner units, with certain qualifications.
Even if a unit is not covered under the Rent Stabilization Ordinance, renters and landlords still have rights and responsibilities under California law. For more information, see A Guide to Residential Tenants' and Landlords' Rights and Responsibilities published by the State of California - Department of Consumer Affairs.
The Rent Stabilization Ordinance covers four broad categories:
1. Allowable rent increases;
2. Registration of rental units;
3. 12 legal reasons for eviction;
4. Causes for eviction requiring relocation assistance payment to the tenant.
2. Registration of rental units;
3. 12 legal reasons for eviction;
4. Causes for eviction requiring relocation assistance payment to the tenant.
RSO-related informational publications produced by the LAHD include the Landlord-Tenant Handbook and bulletins on various Rent Stabilization Topics.
A complaint can be filed by any tenant who believes that an owner/ manager/ agent has committed a violation of the Rent Stabilization Ordinance. To file a complaint, use one of the following methods:
1. Call the Housing Department's Public Information Hotline (toll-free) at 1-866-557-RENT and request that a form be mailed to you (the form can then be returned via U.S. Mail)
2. Visit one of the Housing Department's Public Counters and complete the form.
3. File a complaint online.
2. Visit one of the Housing Department's Public Counters and complete the form.
3. File a complaint online.
If you have questions or need additional information, please call our Public Information Hotline at (866) 557-RENT, Monday through Friday from 9:00 a.m. to 4:00 p.m. or visit one of our Public Counters.
Thursday, September 04, 2008
Friday, August 29, 2008
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