Building safety, most especially maintaining fire protection equipment, is an integral part of managing commercial properties. However, personnel in the Los Angeles Fire Department (LAFD) that oversees the Chief Regulation #4 Program – which regulates fire life and safety – is scarce. Moreover, the program as a whole is vastly in need of an update. Without …Continue Reading
The best way to describe what is going on with Split Roll was given by previous California Governor Jerry Brown: “Messing with Prop 13 is a big, fat loser.” Despite this, Prop 13 protections for commercial property owners will be challenged this November. Officially known as Prop 15, Split Roll is …Continue Reading
Fortunately, during Wednesday’s Special Meeting, the Los Angeles City Council moved to stall consideration of their vacancy tax. Originally, the motion called for placing the vacancy tax on the November 2020 ballot. However, Councilmember Mike Bonin, the main advocate behind the tax, admitted that there …Continue Reading
The California State Senate Judiciary Committee is considering SB 939 (Wiener) this Friday. In short, this bill allows commercial tenants to walk away from current leases. In addition, the bill also provides 12 months to repay the unpaid rent that accrued during the statewide shelter-in-place order. Certainly, this clearly abrogates …Continue Reading
The Los Angeles City Council has studied the feasibility of vacancy taxes to reduce empty properties. In effect, this tax would create punishments and taxes despite many owners who are genuinely attempting to sell their space. Though, as seen in other cities, a fee with the intent to punish property owners will have a host of other effects that will undermine the ability for property owners to do business.Continue Reading
Homelessness in Los Angeles has become a humanitarian crisis – over 60,000 Angelenos don’t have secure housing. Such a situation demands swift action by our public officials. However, despite impressive action by the Los Angeles City Council, a recent Supreme Court decision can prove detrimental in our efforts to promote wellness and public safety. Martin v. City of Boise …Continue Reading
In a last minute effort, the Los Angeles County Fire Department (LACFD) added a parcel tax to the Board of Supervisors that was voted on after only a few months of life. With minimal public input, the ballot measure failed.
Along with other parcel taxes, this would have cost building owners thousands a year.
Under the current local and state emergency orders, building owners are working closely with tenants to maintain the status quo of a clean and habitable space and continuation of lease payments. However, some tenants may claim “force majeure”, “frustration of purpose”, or “impossibility”, causing them to seek rent deferral or abatement.Continue Reading
BOMA Greater Los Angeles would like to introduce its members to a leading California State Assemblymember, Miguel Santiago. First elected in 2014 to the 53rd District, Santiago represents the key interests of neighborhoods like Boyle Heights, Downtown, Koreatown, and Pico Union on issues like eradicating homelessness, building affordable housing, prioritizing community college, and increasing care services.Continue Reading
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