How the Sale of Your Building Could Cost You Money
Lease Clauses / Leasing / Tips

How the Sale of Your Building Could Cost You Money

California’s Proposition 13 provides a statutory limit on annual increases to the assessed value of a property. Basically, the state general levy tax rate is limited to 1.0% of the property’s value and cannot increase more than 2.0% per year, unless the building is sold, more than 50% is transferred, or substantial new construction is … Continue reading