Borrowing For Commercial Property In Contra Costa
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The County Ordinance requires that you obtain a license for conducting business within the unincorporated areas, - even if your business is located outside our limits or you have a business license from another city.
If you own and occupy your home as your principal place of residence on January 1, you may apply for an exemption of $7,000 off your assessed value for an annual savings of approximately $70 on your property taxes. New property owners will automatically receive an exemption application.
Documents are recorded within two (2) business days of receipt of the document. The average turnaround time for a document submitted for recording is 30 days.
You must occupy the dwelling as your principal residence as of January 1 of each year to qualify for the Homeowners' Exemption for that year.
Declaration of Homestead – A document recorded by either a homeowner or head of household on his primary residence to protect his home from forced sale in satisfaction of certain types of creditors' claims. Decree of Distribution – Evidences the distribution of real property from the estate of a deceased person.
A homestead declaration protects your home's equity from both to forced and voluntary sales of the property. Exempt proceeds from a voluntary sale are protected if another home is purchased within 6 months.
LLCs are started at the state level, and there is no credit check involved. All you need to do to form an LLC is submit the appropriate state formation documents (usually called Articles of Organization) and filing fees to your state's Secretary of State.
Typically, the tenant pays the equivalent of one month's rent to the landlord when signing a lease. This covers any incidental costs, damages or missed rent payments in the event of a lease default.
