Welcome to Davidovich Stone Law Group

Update on Measure ULA: California’s Real Estate Transfer Tax Measures

0 Comment

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 More

Did You Know? RUBS is Illegal in West Hollywood

0 Comment

Did 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 More

California’s Potential Repeal of the “Mansion Tax”

0 Comment

California 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….

Read More