Three San Francisco companies moved to Oakland in the first quarter of 2015, contributing to a 20 percent jump in lease activity in the downtown, Uptown and Lake Merritt neighborhoods. New office and retail leases, expansions and completed company relocations rose to more than 120,000 square feet in the three neighborhoods, up from 100,000 square […]
Allowable Annual Rent Increase The annual CPI increase rate effective July 1, 2015 through June 30, 2016 is 1.7%, and cannot take effect earlier than July 1, 2015. Tenants can only be given one increase in any 12-month period, and the rent increase cannot take effect earlier than the tenant’s anniversary date (i.e., at least […]
Real estate contingencies typically fall under three major categories: appraisal, home inspection and mortgage approval. Think of these contingencies as a buyer’s and seller’s safety net. If a home does not appraise at a certain value, if an inspection reveals a major problem, or if the buyer cannot obtain adequate financing, the parties can back out of the contract without penalty.
Before selling, building or installing a new water meter an Oakland homeowner will need certification that their sewer lateral (PSL) is in good condition. Certificates are good for twenty (20) years if the lateral is new.
If the lateral was only repaired or passed the city’s inspection with no repairs needed, the certificate is valid for seven (7) years.
Remodeled Victorian Duplex in sought after West Oakland. Original updated mill-work throughout with period appropriate paint palettes. Beautifully refinished HDWD is surrounded with big bright DP windows. Move in ready. Updated electrical, sound foundation, new plumbing, 2 Car garage, Roof Top Patio.