We Are Gupta Evans & Ayres
Building partnerships and supporting our fellow lawyers in areas of Bankruptcy, Corporate Litigation, and Real Estate Law.
I came to Ajay with a complicated and stressful real estate case. I interacted closely with several lawyers during the course of this case, and I was exposed to a range of people in the legal profession. It was very apparent to me that Ajay and his team are at the better end of the spectrum, representing their profession with the utmost integrity.
-Nicole A., San Angelo, TX
The Stadium Proposals: Sometimes, Nothing is Better than Something
/in All Blog Posts, Real Estate/by Ajay GuptaAs part of this year’s midterm elections, San Diegans will be confronted with two competing ballot measures focusing on what to do with the land surrounding the iconic SDCCU Stadium (formerly, Jack Murphy Stadium and Qualcomm Stadium). The first ballot measure is Measure E, otherwise known as “SoccerCity.” Measure E is sponsored by FS Investors, a privately held investment firm with offices located in La Jolla and San Mateo. The second ballot measure is Measure G, otherwise known as “SDSU West.” SDSU West is headed by a steering committee calling themselves “Friends of SDSU.” Friends of SDSU is made up principally of local San Diegans, as well as SDSU Alumni.
Airbnb and Short-Term Rentals in San Diego: The Ban that Never Was
/in All Blog Posts, Real Estate/by Chris EvansYou have likely seen the signs around town — “Neighborhoods are for Neighbors, Not Vacation Rentals.” This phrase has become the mantra of “Save San Diego Neighborhoods,” the lead organization pushing back against San Diego’s rapidly expanding short term rental market. Save San Diego is an organization fighting to stop the “illegal conversion of San Diego homes to short-term vacation rentals.” In doing so, Save San Diego has been pushing the San Diego City Council to impose significant regulations with respect to short-term rentals such as Airbnb.
Prop 10: Does Rent Control Make Sense for California?
/in All Blog Posts, Real Estate/by Ajay GuptaIn June, the California Secretary of State confirmed Proposition 10 as a ballot initiative that, if passed, will allow cities in California to implement rent control. With the housing shortage in California, San Diego in particular, renters have seen dramatic increases in rent that quite simply have not kept up with the cost of living. As a result, San Diego is seeing gentrification in areas not normally associated with the displacement of middle- class renters, like La Mesa and the surrounding suburbs of downtown. This displacement is what is most likely bringing Proposition 10 to the ballots this November.
Reverse Veil Piercing: A Welcome Addition to the Creditor’s Collection Arsenal
/in All Blog Posts, Corporate Litigation/by Chris EvansIn 2017, the California Court of Appeals ruled that creditors can directly pursue the assets of an LLC owned by a judgment debtor to satisfy the judgment. This process, known as “Reverse Veil Piercing,” marks a significant change in California law as it relates to collections and the way that the assets of an LLC are viewed in the eyes of the Courts. The ruling may also be indicative of how the Courts plan to treat closely held entities in the future.
San Diego Right To Know Ordinance: What Landlords Should Know Before Evicting Residential Tenants
/in All Blog Posts, Real Estate/by Chris EvansLandlords seeking to evict tenants within the City of San Diego are required to observe numerous eviction laws and guidelines imposed by the State of California that govern the eviction process. The laws already contain several nuances to which a landlord must strictly adhere or otherwise risk jeopardizing the eviction in question. However, in addition to the California eviction laws, a landlord must also strictly follow eviction laws adopted and imposed by the City of San Diego. One of such laws specific to the City of San Diego is the Tenants’ Right to Know Ordinance (the “RTK Ordinance”). San Diego Municipal Code Chapter 9, Article 8.
Offices Available For Lease!
/in All Blog Posts/by The Gupta Evans & Ayres TeamWe have three single, private offices available for rent including two optional secretary bays. They are all furnished and newly remodeled. The offices are approximately 150 square feet, enjoy great views, include a kitchen and conference room, and are conveniently located downtown at the corner of 5th and Cedar in the Douglas Wilson Building. Below are some pictures. If you or someone you know is interested, please contact Michael Russo at (619) 866-3444 or at mr@SoCal.law
2018 Tax Changes
/in All Blog Posts/by Ajay GuptaAs many of you are aware, there are several changes to your taxes coming in 2018. We are, by no means, tax experts, but we have a number of people that come to us and have been asking questions. Aron Feiles, a seasoned CPA with Lauer, Georgatos & Covel has written two excellent summaries on the matter, one for individuals and one for businesses. Aron has also been helping us navigate some the more interesting tax nuances that have come up with the recent changes as they impact our practice.
Alternative Dispute Resolution
/in All Blog Posts/by Ajay GuptaThe professionals you surround yourself with: the realtor, the mortgage company, the insurance company etc are each important, yet undoubtedly carry a biased interest in “closing the deal.” These partisan individuals are paid on commission, potentially coloring their judgment. Both parties in any transaction naturally want to close on terms favorable to themselves. However, an attorney’s fee is generally not based on either party’s results. Thus, the presence of counsel without a vested interest is highly beneficial. Our attorneys provide the useful legal, financial, and personal perspective to offer a fresh opinion on a transaction. We want to provide a completely competent party with a legal acumen–one not vested in merely closing on your side.
Before Closing a Real Estate Deal
/in All Blog Posts, Real Estate/by Ajay GuptaWe are all familiar with the intimidating mountains of paperwork that accompany a real estate purchase, but understanding precisely what they mean is critical given the potential implications of closing such a major transaction.