Vacant Building Ordinance (VBO)

By
Real Estate Broker/Owner with Independent Real Estate Broker DRE#00972295

Vacant Building Ordinance (VBO), most U.S. Cities have them, and I think it's a good thing but I've read a few articles that argue that somehow this is not a good thing.  I am sure there are some negative aspects of the VBO (if you look hard enough EVERTHING in life has it's good and bad) but for the most part VBO’s are put in place to protect other property owners and residents. There are some areas like Chicago that are late to the party, they just now have enacted a VBO.  Most cities in the Los Angeles county have passed VBOs or revised them since 2008.

With the VBO property owners are required to actively maintain, monitor, and keep secure all vacant buildings. This includes residential, multi-residential, accessory, commercial, or industrial structures.  When a bank forecloses on a property, they become the owner and therefore responsible for it’s upkeep.  In some areas, even if the bank does not foreclose, they still are responsible for complying with VBOs.  Maybe banks will now be more flexible and receptive <!--[if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:PunctuationKerning/> <w:ValidateAgainstSchemas/> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:Compatibility> <w:BreakWrappedTables/> <w:SnapToGridInCell/> <w:WrapTextWithPunct/> <w:UseAsianBreakRules/> <w:DontGrowAutofit/> </w:Compatibility> <w:BrowserLevel>MicrosoftInternetExplorer4</w:BrowserLevel> </w:WordDocument> </xml><![endif]--><!--[if gte mso 9]><xml> <w:LatentStyles DefLockedState="false" LatentStyleCount="156"> </w:LatentStyles> </xml><![endif]--><!--[if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} </style> <![endif]-->to accepting short sales; but some banks still have a long way to go before they get in “tune with reality.”

Each city’s VBO requirements varies. Some ordinance require the owner of any vacant building to file registration of ownership within 30 days with the Department of Building and Safety. Registration is valid for a certain time and then must be renewed.  Please check with your city Building department for the exact requirements.

It’s not fun owning vacant buildings and houses and if you live out-of-the-area, it becomes more than just a headache, it becomes a frustrating, difficult and at times impossiblematter to manage.  If you are an out-of-area property owner and are tired of handling the day to day duties of managing rentals in the Los Angeles county, perhaps it’s time to think about selling! I specialize in selling vacant or tenant occupied properties in the Los Angeles county area. I’ve been a Realtor® in Los Angeles county for over 20 yearsand a real estate broker since 1994.  I am a full-time real estate professional who has the time, experience and enthusiasm to get your home or investment property sold as quickly as possible for the least amount of hassle to you.  I would love to interview with you for the job of being your Realtor.  I can be reached at (562) 916-3237.

Please feel free to visit my website: PintoRealtyInc.com or my blogs: ActiveRain Blog, wordpress blog , Facebook: Pinto Realty fan page and Short Sale Diva fan page.

Posted by

Aida Pinto (562) 884-6196
Los Angeles County
Real Estate Broker



The Real Estate Maven : https://www.facebook.com/aRealEstateMaven?ref=hl

 

Short Sale, Probate and standard real estate expert.

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