What are the issues with Solar Panels California when selling Palos Verdes Homes?
While residential solar panel installations have increased more than 50% each year since 2012 nationwide, disputes over solar panels california leases have simultaneously increased during the transfer of properties. Ensure your successful closing by considering these helpful tips and considerations for transactions involving solar panel lease agreements:
Pre-open your title with and use the time early in the listing or pre-listing period to be sure you completely understand the terms of the agreement as it applies to the transfer of the lease. It is better to be prepared and informed ahead of time before going into contract with a potential buyer.
Check the Records:
Ensure that any solar agreements have been officially recorded in public records so that it is available to be noted during the title search process. Such an omission can potentially create issues for future buyers.
Know your options:
Address possible scenarios for handling the lease transfer well before the close of escrow (or before the official listing) to further help ensure a smooth process of the sale.
Communication is key:
Ensure that your escrow officer is informed. The more information you can offer, the better it is for a smooth transaction. Make sure you alert your escrow team to your current lease agreement, status of the agreement and requirements from the leaseholder.
Keep your solar panel leaseholder involved:
Many companies have designated specialists available and assigned to assist buyers and sellers through the lease transfer process.
Bottom line, there are solar panel issues when selling a home in Palos Verdes or anywhere else in California. Get informed!
Solar Panels California – Palos Verdes Homes with “solar” in the remarks
53 Avenida Corona
Rancho Palos Verdes,
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