News from NAI Capital’s Marketing Department.
Last year, the California legislature enacted a new law (Civil Code Section 1938 if you are keeping score at home) requiring ALL commercial leases of commercial property signed after January 1, 2013 to disclose whether the leased premises have ever been inspected by a Certified Access Specialist and if so what the results of the inspection revealed. A “Certified Access Specialist” is a professional licensed by the State of California for the specific purpose of inspecting buildings to determine whether the building meets ADA standards. This profession was created as part of the legislature’s attempt to rein in small business shakedowns brought by professional ADA lawsuit plaintiffs alleging technical ADA violations like misplaced paper towel or toilet tissue dispensers. The Legislature did not say what would happen if the lease did not contain this newly required provision. However, if a lease does not contain the required language and a claim arises, the effect of not having that language may include shifting all of the liability to the landlord regardless of other lease language, such as that contained in the AIR forms that try to put that liability on the tenant. Thus, it would be better to be safe than sorry and include this as an addendum in any AIR form leases. More >
NOW AVAILABLE: 2013 1st Quarter Market Report
PDF’s of the 2013 1st Quarter Market Report are now available…click on the links to access your electronic copy today!
To send this page electronically please cut and paste the following link into your Internet Explorer bar http://www.naicapital.com/reis/index.html go to “File”, “Send” and “Page by email”, type in your personal email and send.
As of July 1, 2011, California landlords and homeowners, including sellers of residential property, must comply with the Carbon Monoxide Poisoning Prevention Act of 2010 (Ca. Health and Safety Code §§ 13260 and following; and §§ 17926 and following). This law addresses the problem of carbon monoxide poisoning, which is the leading cause of accidental deaths in the United States. Carbon monoxide is an odorless gas produced whenever any fuel is burned. It can enter the home from sources as seemingly innocent as a gas stove, furnace, or woodstove, usually due to leakage, backdrafting, or poor venting.
The new California law requires the installation of a carbon monoxide (CO) alarm (or a CO alarm combined with a smoke detector) that emits an alarm and has been tested and certified in accordance with standards developed by the American National Standards Institute (ANSI) and Underwriters Laboratories Inc. (UL).
Detectors must be installed in all dwelling units that contain a fossil fuel burning heater, appliance, or fireplace; or that have an attached garage. (A fossil fuel is coal, kerosene, oil, wood, fuel gases, and other petroleum or hydrocarbon products that emit carbon monoxide as a byproduct of combustion). Heres the installation schedule:
- July 1, 2011: all single-family homes
- January 1, 2013: all other dwelling units (such as multi-family residences)
Landlords’ and Tenants’ Responsibilities
Landlords are charged with installing and maintaining the detectors, and may enter the rental for the purposes of installing, repairing, and testing. Tenants are responsible for notifying the landlord if the device becomes inoperable.
Currently, the law requires sellers of residential real estate containing one to four living units to complete disclosure forms as part of the sales process. Sellers of single-family homes must give buyers written notice of compliance with laws concerning smoke detectors. Sellers of any real property containing a water heater must certify to any buyer that the heater complies with safety requirements.
The new law amends these duties, by changing the disclosure forms so that the seller will certify that the property complies with the requirements for smoke detectors and water heaters. The new seller disclosure forms also now include a section for carbon monoxide devices, and say that installation is not a precondition, or requirement, for sale or transfer. However, sellers should not be surprised if buyers insist that such detectors be installed as a condition of closing.
If you’re a home buyer, your inspector should tell you whether the house does, in fact, contain adequate CO detectors. If not, you can either ask for them as part of your negotiations, or simply plan to buy them yourself. The cost is usually between $20 and $90 per detector. The Consumer Product Safety Commission recommends installing a CO alarm in the hallway near every separate sleeping area of the home.
Jay Olshonsky has been named president of NAI Global. He replaces Jeffrey Finn as the senior executive at the firm.
Jay Olshonsky previously served as executive vice president and chief operating officer of NAI Global New York City. He brings 25 years experience and industry knowledge to the firm.
Before joining NAI Global, Olshonsky served as managing director for CBRE for 15 years, running the Washington D.C. office.
“I am very pleased to have the opportunity to take the baton from Jeff and continue to develop and implement the next phase of NAI Global’s growth strategy,” said Olshonsky. “Our employees and network members are NAI Global’s most precious assets and they have been the cornerstone of our company’s long-term success. I am confident that together we will continue to enhance and expand NAI Global’s platform and extend our leadership position in the industry.” More >
Bob Scullin and Damon Wyler Recommends taking a look ProspectNow:
NAI Capital has negotiated a special rate for brokers to subscribe to an online program to help you do prospecting more efficiently and effectively.
“I have had a subscription to ProspectNow for sometime now and it actually works pretty well in our market. All of our competitors have been using this, so I encourage everyone to take a look.,” says Damon Wyler South Bay office
I’m looking forward to visiting our Commerce office Tues to give the LinkedIn Lunch training session. Learn how to set up or update your LinkedIn profile, company profile and learn the latest in how to use the LoopNet social media plug-ins!
GlobeSt.com picked up our press release on our new division, The Asia Pacific Group, click link to read
Valley Regional Forum
Wednesday, October 10th
6:30 PM – 8 PM
Location: California Lutheran University
5925 DeSoto Avenue
Woodland Hills, CA 91367
Topic: Debate over the tax hike propositions on the November ballot
PANEL DISCUSSION OF PROPOSITION 38 MOLLY MUNGER’S STATE INCOME TAX INCREASE AKA: LOCAL SCHOOLS AND EARLY EDUCATION INVESTMENT ACT
OCTOBER 10TH, 2012: WOODLAND HILLS, CA. The Woodland Hills~Tarzana Chamber of Commerce Government Affairs Committee presents the Valley Regional Forum. The Valley Regional Forum is proud to announce a town hall discussion of Proposition 38 featuring Sandy Escobedo, a Senior Policy Analyst with the Advancement Project and Prop 38 proponent; Adrian Moore, Ph.D., and vice president of policy at Reason Foundation; from the California Teachers Association, Chris Bushee and Matthew Ward, Ph. D, Vice-President, Cal Lutheran University,
The Valley Regional Forum will be held Wednesday , October 10th from 6:30 pm to 8:00 pm at the Woodland Hills campus of Cal Lutheran University, located at 5925 De Soto AveWoodland Hills, CA 91367, phone: (818)888-6414. More >
Find yourself working on your iPad or Tablet often? Check out the latest apps on NAI Capital’s iPad Resource Center
Many of NAI Capital’s Brokers are doing more of their daily work using an iPad. What apps are available and which ones are other professionals using? See attached for NAI Capital’s iPad Resource Center. Click here or image below