During a disaster, the priority for residents is safety, but the aftermath raises crucial questions regarding mortgage payments, property taxes, and rental agreements in affected areas.
Homeowners affected by wildfires may qualify to suspend their mortgage payments for up to 12 months, but they must contact their mortgage servicer for options available to them.
In cases of property damage exceeding $10,000 from wildfires, filing a misfortune claim with the Los Angeles County assessor's office is essential for qualifying for tax relief.
California law voids rental agreements for completely destroyed units, releasing tenants from rent obligations and requiring landlords to return security deposits.
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