The landscape of California’s real estate transfer tax measures, particularly Measure ULA, has seen significant changes recently. The California Supreme Court removed the proposed repeal of the “Mansion Tax” from the November ballot on June 20, 2024. However, opposition to Measure ULA remains active. Key Considerations for Property Owners Financial Impact Measure…
Read MoreDid you know that RUBS (Ratio Utility Billing Systems) is illegal in West Hollywood? According to West Hollywood Municipal Code section 17.32.100, property owners cannot charge tenants separately for utilities using RUBS. This regulation protects tenants from unfair utility billing practices and ensures a standardized approach to housing costs. Understanding RUBS and…
Read MoreCalifornia voters will soon decide on a crucial bill that could repeal the recently enacted ULA (United to House L.A.) measure, commonly known as the “Mansion Tax.” This tax imposes a 4% to 5.5% levy on property sales exceeding $5 million, aiming to fund affordable housingand homeless prevention initiatives in Los Angeles….
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