Cannabis in Real Estate
Marijuana in Real Estate – Buying and Selling Properties in Bakersfield, CA
With the semi-recent passing of the new cannabis laws in California, many people are wondering what they need to do or should be doing regarding the Tenants in their properties, and even their use in their own homes. Is this something that can hold up a sale? Something that can cause a Buyer to back out of a sale? Do you have to disclose that one of your Tenants has set up a grow operation in their bedroom? Who know! This is what we are going to be exploring moving forward in this article.
What Is The Law Regarding Personal Use of Marijuana?
Regarding personal use in California, any people over the age limit are allowed to carry up to 1 ounce of cultivated marijuana or they are allowed to grow up to 6 plants in their own home for personal use as well. This does not mean that you can light up wherever you like, but it does mean that you can light up in the privacy of your own home, away from children, schools, parks, etc. Let’s say this sounds like a good idea to you and you start growing your own plants and smoking your own pot in your own property. No problem! Not legally, and only in the State of California.
I Want To Sell My Property, But I Have A Garden In My Bathtub!
To start, not the most ideal situation, as your personal preferences may not be those of other people, and in order to sell your home for the highest price, you want it to appeal to the largest amount of people. But, if you just have to have your garden and smoke it to, then it would be best to disclose to the new Buyers that there has been marijuana grown on the property, unless the fixtures are completely removable and untraceable upon your own move out. After disclosing your use and growing on the property, it might be best to also work on getting everything taken out as soon as possible.
I’m A Landlord and Want To Sell My Building, But My Tenant Smokes Pot All Day Long
This has been a frustrating policy for a lot of the Landlords that we work with because they are within their legal right to recreational smoke pot without getting in trouble. That being said, the Landlord still can make rules about what is allowable in their unit and what is not. A common practice with our property management clients is to make sure that we have made it clear that no smoking of any kind will be allowed on our premises, and that a violation of any of those terms is an evictable offense. This means that if we keep getting complaints about marijuana smoke coming from a Tenant unit we can serve a notice to abate, or vacate.
If you are still having problems with marijuana in relation to a property you own, or if you have any further real estate related questions, please feel free to contact me using the information below.
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