Easily Replace Field Validation in the Property Management Lease Agreement

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How to Replace Field Validation in the Property Management Lease Agreement

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this is real estate rookie episode 110. [Music] my name is ashley care and i am here with tony robinson and today is a rookie reply we have pulled a question from facebook for you guys uh that we are gonna go over tony what is todays question all right so todays question is and i have to look up who its from its from rhett miller um but rhetts posted in the real estate rookie facebook group how do you inform an inherited tenant of changes in ownership after you close on a property so uh all of my long-term rentals they came vacant all right i bought them vacant then we rehabbed them so ive never actually had to deal with inheriting someone elses tenant so ashley the queen of property managements tell us your your experience what do you think of this im not sure if i actually hold that title but um between me and you i will take it so i for the first thing is uh something that can come up is when an investor or anybody is selling a property they may not want the tenants to know

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What is required to be a property manager in California?

To be eligible, you need to pass the CA Salesperson Exam, be at least 18 years old, complete 135 hours of pre-licensing coursework, and partner with a broker who will sponsor your real estate license. You will also have to submit your application and pay the $245 license fee to the DRE.

Who is exempt from California real estate licensing requirements?

Exemptions to the license requirement include: resident managers of apartment buildings and complexes or their employees; short-term (vacation only if under 30 days) rental agents; employees of certain lending institutions; employees of real estate brokers for specific, limited functions; certain agricultural

What is lease and its types?

A lease is classified as a finance lease if it transfers the ownership of assets to the lessee. The example of finance lease may be the car lease in which lessee makes periodic payments to the lessor and after a specific period of time say after five years, the possession of car is transferred to the lessee.

How long can a lease be in South Africa?

Long leases. A long lease (in longum tempus) must be notarially executed and registered against the title deed of the leased property. This is a lease for a period of not less than ten years, on which has been computed for the natural life of the lessee.

Does a property manager need to be licensed in California?

Licensing Laws For anyone stepping into managing a property on behalf of the owner, the first requirement is to have a property management license in California. The regulation (10131-b) clearly states that buying, selling, or leasing property without a license, is unlawful.

What are the elements of rent?

A mutually agreed contract between a tenant and a landlord, a rent agreement outlines all the terms and conditions of the tenancy. Its main components include the rental amount, security deposit, and duration of the lease, among others.

Does a property manager need a broker license in California?

Property management certification in California requires the property manager to have a real estate brokers license. Or the property manager must work with someone with a real estate brokers license.

Who regulates property managers in California?

The California Department of Real Estate (DRE) is responsible for regulating real estate brokers and salespersons, including those who work in property management. Property management companies that engage in real estate activities, such as leasing or renting, are required to be licensed by the DRE.

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