Commercial Landlords Disposal of Tenant's Personal Property...
The current Law in California provides an alternative procedure for disposal of a commercial tenant's personal property, left behind after a tenant vacates the premises. The existing law requires a landlord to give written notice to the tenant if personal property remains after the end of a tenancy and it directs the landlord to sell the property at a public sale.
However, if the landlord reasonably believes that the total resale value of the personal property is less than $750 or $1 per square foot of the premises occupied by the tenant, then the landlord is authorized to retain the property for his or her use or dispose of it in any manner fit.
Now let us look at the New Law: This new law increases the threshold calculation of the total resale value of the personal property to either $2500 or an amount equal to one month's rent for the premises the tenant occupied, whichever is greater.
So how did this happen? Well the Assambly Bill 2173 amendeded the old Civil Code. Again the Politicians were at work. I am trying to get the word out to all my commercial tenant and landlord clients, since I am confident they were not made aware.
If you missed my post about the Notice that Landlords must give please check out this post (Commercial Notice to Tenant... )
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