Brick and mortar malls -the onetime lifeblood guiding the American consumer - where people went to shop, eat and socialize are in peril. Retailers are closing their doors at an alarming rate.
It is no secret that land is at a premium here in California. For this reason, it may work to a developer's benefit to consider purchasing a piece of abandoned property that requires revitalization. Doing so could result in an ultimately profitable development.
Even when rental properties are at a premium in a certain locale such as Orange County, a prospective tenant may be willing to go elsewhere in order to find the right property with the right lease terms. This could be because a landlord failed to offer the appropriate incentives to attract the desired tenant. It may be necessary to give something in order to get a lease signed.
Mediation and arbitration are tools often used to help resolve almost any kind of legal dispute or disagreement. This is often the first option for many people in a legal dispute because it usually will be solved more quickly and with less expense than taking a case to trial.
It can take some time for California entrepreneurs to become familiar with all the lingo associated with real estate. One of the phrases that developers do not want to hear, but need to understand, is if there is a "cloud on the title" to a piece of property they want to purchase. Understanding what this means can help determine whether to move forward with the sale.