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The information and materials on this Web site are provided for general informational purposes only, and are not intended to be legal advice. We attempt to provide quality information, but the law changes frequently, and varies from jurisdiction to jurisdiction. The information and materials provided are general in nature, and may not apply to a specific factual or legal circumstance. An attorney and client relationship should not be implied. Nothing on this Web site is intended to substitute for the advice of an attorney; therefore, if you require legal advice, please consult with a competent attorney licensed to practice in your jurisdiction.
What Does NNN Mean for Commercial Real Estate in California?
/by Garmo & Garmo, LLPCommercial real estate transactions involve a variety of lease agreements, each with its own set of terms and conditions. One of the most prevalent, yet often misunderstood, types of lease is the “NNN” lease, also known as the triple net lease. The term “NNN” can seem like jargon, but it’s essential for anyone involved in […]
The Benefits of a Living Trust Over a Will for California Families
/by Garmo & Garmo, LLPPlanning for the future is a fundamental responsibility, and a key aspect of that planning involves ensuring your assets are distributed according to your wishes after you’re gone. You have two primary options for estate planning: a will (aka Last Will and Testament) and a living trust. Both documents serve the core purpose of estate […]
Selling Anonymously: Exploring Private Sales to Maintain Privacy in High-Profile Commercial Transactions
/by Garmo & Garmo, LLPImagine a millionaire in LA selling a prized art collection, a Silicon Valley tech CEO divesting a significant stake in their company, or a prominent family in Orange County quietly selling a landmark estate. In the world of high-value commercial transactions, privacy is often as valuable as the asset itself. News of such sales can […]
What are the Three Primary Types of Commercial Property Leases?
/by Garmo & Garmo, LLPA commercial lease is a legally binding agreement between a landlord and a business tenant for the use of a property for business purposes. Unlike residential leases, commercial leases are highly negotiable and can vary significantly in their structure and financial implications. These leases typically have longer terms, more complex provisions, and fewer consumer protections […]
Understanding the Generation-Skipping Transfer Tax
/by Garmo & Garmo, LLPThe Generation-Skipping Transfer Tax (GSTT) is a complex federal tax that can significantly impact how you transfer assets to grandchildren or other “skip persons.” This tax applies to transfers that skip a generation, such as gifts from grandparents to grandchildren, and is designed to prevent wealthy families from avoiding estate taxes by skipping generations. The […]
Title Issues that are Unique to Commercial Property Transactions
/by Garmo & Garmo, LLPCommercial real estate transactions in California represent significant investments and opportunities, characterized by a higher degree of complexity compared to residential property deals. These transactions often involve intricate legal and financial considerations, including zoning laws, environmental regulations, and complex title issues. Title companies play a crucial role in these transactions, conducting thorough title searches to […]
Zoning Appeals and Zoning Use Changes for Commercial Property Owners in California
/by Garmo & Garmo, LLPCalifornia’s zoning laws and regulations can pose major challenges for commercial property owners looking to develop, expand, or repurpose their properties. These laws and regulations might not always align with your business needs and appealing denials or requesting zoning use changes often involves dealing with complex legal and bureaucratic processes. A single misstep on your […]
Why it is Important to Get a Land Survey Before Purchasing Commercial Real Estate
/by Garmo & Garmo, LLPBefore investing in commercial real estate, conducting a thorough land survey is one of the most important steps you can take to protect your investment. A land survey can reveal boundary disputes, easements, encroachments, and potential land use restrictions and provide you with a clear picture of what exactly you are buying. Whether you’re planning […]
How to Plan for Your Child’s College Education Using Trusts
/by Garmo & Garmo, LLPPlanning for your child’s college education is one of the most important financial commitments you will make as a parent. With the rising costs of tuition and other related educational expenses, it’s essential to have a well-structured plan in place to secure your child’s academic future. While traditional options like 529 plans and custodial accounts […]
What is the Outlook for Commercial Real Estate in 2025?
/by Garmo & Garmo, LLPThe commercial real estate market in California has always been a dynamic and influential sector, often setting the tone for trends across the nation. As 2025 approaches, the industry stands at a crossroads, shaped by years of economic turbulence, shifting market dynamics, and evolving business needs. While cities like Los Angeles and San Francisco remain […]