Perspective
Jul. 28, 2012
'Grandfathered-in,' and other costly misconceptions about real estate
The term "Grandfather Clause" has been applied to laws that allow application of an old rule to an existing situation, while a new rule applies to all future situations. By Ellia Thompson of CA Land Use Professionals LLP
You hear the term used ad nauseam by real estate professionals regarding physical improvements to real estate - "Oh, that tall, front-yard fence has been there forever. It's grandfathered-in," was one agent's advice to a client of mine. At another showing for residential property, I overheard an agent/broker tell a prospective buyer, "I have no idea if the balcony was originally done with permits, but since it was built be...
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