Should Brokers Add “Prop. 15 Protection” to LOIs?

Background on Prop. 15: On November 3, 2020, California voters will decide whether to adopt the “Split Roll” Initiative, Prop. 15.  If passed, many commercial and industrial properties would lose “Prop. 13 protection,” and would be re-assessed and taxed based upon market value.  Residential and agricultural properties would notlose “Prop. 13 protection.” Commercial properties can [...]

By | 2020-09-23T15:20:15+00:00 September 23rd, 2020|Uncategorized|0 Comments