Real Estate News

Business

Real estate Q&A: Military tenant broke lease because she was transferred overseas. Can I sue?

Q: I was renting a furnished house for short-term (vacation) rentals. A few months ago, I was approached by an agent who made me a very favorable offer to rent the home annually. We signed a lease, and I got rid of all of the furniture because they had their own. Now the season is upon us, and I was told just before the move-in date that the tenant is in the military and got transferred overseas so they will not be moving in. I am out a lot of money because of this. Can I sue? – Haythem

Business

The Mortgage Professor: Our pension system needs fixing

The private pension system in the United States is in transition from defined-benefit plans to defined-contribution plans. On balance, this may be a step in the wrong direction. The jury is still out, however, and much will depend on how defined-contribution plans evolve in the future.

Taste testing Gallo’s new, rebranded Thunderbird wine

E.&J. Gallo Winery of Modesto has rebranded and relaunched its Thunderbird wine. The old version, known for its citrus flavor and high alcohol, has been discontinued. The new Thunderbird comes in chardonnay, red blend and cabernet sauvignon.