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Waste is a term used in property law to describe a cause of action that can be brought in court to address a change in condition of real property brought about by a current tenant that damages or destroys the value of that property.
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A real estate license must be obtained from the DRE in order to engage in the real estate business and to act in the capacity of a real estate broker or salesperson within the State of California. Before applying for a license, all education and experience requirements mandated by the Department must be fulfilled. [ 6 ]
P wants to recover the diminution in value of their business from W. In order to do this P must determine the cost of the repairs and damaged apples, their lost opportunity cost or profit loss (how much profit they would have made during the week they were unable to sell apples), the advertising costs, and the lost profit from having to sell at ...
If those power lines were a substantial cause of the fire, that could be enough to recover billions of dollars in damages from the utility, even if it complied with regulations, legal experts said.
Landlords caught price gouging in Los Angeles County during the wildfire crisis now face fines as high as $50,000.. Board of Supervisors voted to increase the maximum penalty to $50,000 from ...
In 1994, he began assessing stigmatized properties such as the damages of the Northridge earthquake and wildfires in Malibu, California. [15] [13] In 1997, he became the national director of the Real Estate Damages practice of Price Waterhouse. [10] He left the firm in 1999, and co-founded Bell Anderson & Sanders with two partners. [10]
A law barring monthly rents of more than $10,000 for new listings is stopping high-end homes from going on the market, real estate agents and brokers say. Such homes could be in demand for wealthy ...