Articles/Resources

Title Holding Corporations

A 501(c)(2) organization refers to a type of tax-exempt entity under the Internal Revenue Code (IRC) as a title-holding corporation or trust that is organized for the exclusive purpose of holding title to property

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Williamson Act

The California Williamson Act, also known as the California Land Conservation Act of 1965, is a program designed to preserve agricultural and open-space lands by offering landowners tax relief in exchange for a long-term commitment to keep their land in agricultural or related uses.

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Bushore Church Real Estate

Discover Opportunities in Church Real Estate View Listings Available Properties Find the right space for your needs. Browse the properties we have for sale or rent by clicking the link below. View Listings Articles & Resources Articles covering topics of interest to buyers, sellers, and religious organizations. Read More Contact Us If you’re ready to buy, sell or just have questions, contact Bushore Real Estate today! Contact Us Our company specializes in nearly all matters concerning Church Real Estate, including religious, nonprofit and tax-exempt organizations. We are a father and son […]

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Creating Prescriptive Easements

California Land Conservation Act of 1965, is a program designed to preserve agricultural and open-space lands by offering landowners tax relief in exchange for a long-term commitment to keep their land

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What is a Probate Referee

Probate referees are individuals appointed by the California State Controller as an officer of the court to appraise and determine the value of assets in an estate when someone passes away. This ensures that the assets are properly evaluated for tax purposes and equitable distribution among heirs. Probate referees are impartial and independent professionals with expertise in appraising various types of assets like real estate, stocks, bonds, and personal property. Purpose:The primary duty of a probate referee is to appraise and provide a fair market value for the assets within […]

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1031 Exchange – Basics

Named after Section 1031 of the Internal Revenue Code (IRC), a 1031 exchange is a tax-deferred transaction that allows an investor to sell a property and reinvest the proceeds in a new property of like-kind without paying capital gains taxes on the sale at the time of the exchange. This provision applies to real estate and certain other types of property held for productive use in a trade or business or for investment. The tax liability is essentially rolled over into the replacement property. It’s important to note that while […]

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Understanding you Property Tax Bill

California’s secured property tax bill pertains to property taxes levied on real property (land and structures) that are secured by a lien on the property. These taxes are based on the assessed value of the property as determined by the county assessor. Secured Assessments:The secured property tax bill typically includes the: i) General Tax levy, the base property tax rate, usually 1% of the assessed value of the property; ii) Voter-approved debt, additional taxes to repay bonds approved by voters for local projects such as schools, infrastructure, and public facilities; […]

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Types of Commercial Leases

A commercial lease is a legally binding agreement between a landlord and a “business” tenant for the rental of commercial property. Unlike residential leases, which are typically used for renting homes and apartments, commercial leases are used for renting spaces intended for business purposes, such as churches, offices, retail stores, warehouses, or industrial facilities. Commercial leases can vary widely in terms of complexity and terms, depending on factors such as the type of property, location, market conditions, and negotiating leverage of the parties involved. It’s essential for both landlords and […]

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Affordable Housing on Faith and Higher Education Lands Act of 2023

Also known as Senate Bill 4 (SB 4), the Affordable Housing on Faith Lands Act was enacted to facilitate the development of affordable housing on properties owned by religious organizations and higher education institutions. The intent is to streamline the approval process for affordable housing projects on such lands by providing “by-right” approval. Intent:A streamlined approval process for affordable housing developments on land owned by religious organizations and higher education institutions. This means that eligible projects meeting certain criteria would be entitled to approval without going through the usual discretionary […]

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Church Bingo

In California, organizations, including churches, are generally required to obtain a license to conduct bingo games. To host bingo games legally in California, your church will likely need to apply for a bingo license from the California Department of Justice’s Division of Gambling Control. The specific requirements and procedures for obtaining a license can vary, so it’s important to consult the Division of Gambling Control or legal counsel familiar with California gaming laws for guidance. Attorney General:As per the Attorney General’s Guide for Charties, “Organizations exempt from taxation under Revenue […]

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