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Know Your Contract Contingencies: California’s Real Estate Inspection Contingency 14(B)(1)

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.

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sewer-lateral

Oakland’s Private Sewer Lateral (PSL) Requirement

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.

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An illustration picture shows the logo of car-sharing service app Uber on a smartphone next to the picture of an official German taxi sign in Frankfurt, September 15, 2014. A Frankfurt high court will hold a hearing on a recent lawsuit brought against Uberpop by Taxi Deutschland on Tuesday.  San Francisco-based Uber, which allows users to summon taxi-like services on their smartphones, offers two main services, Uber, its classic low-cost, limousine pick-up service, and Uberpop, a newer ride-sharing service, which connects private drivers to passengers - an established practice in Germany that nonetheless operates in a legal grey area of rules governing commercial transportation. The company has faced regulatory scrutiny and court injunctions from its early days, even as it has expanded rapidly into roughly 150 cities around the world.   REUTERS/Kai Pfaffenbach (GERMANY - Tags: BUSINESS EMPLOYMENT CRIME LAW TRANSPORT)

After Uber’s Move, Will Oakland Become A Tech Hub?

Before Uber snapped up the Sears building several other tech companies vied for it, and recently, Oakland has welcomed firms like Lennar Multifamily, a homebuilder, and The Worker’s Compensation Insurance Rating Bureau of California. Vacancy rates downtown will soon dip below 6%, home prices are skyrocketing, and the city has grown by 16,000 since 2010.

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