If an owner wants to demolish a rent-controlled building, should the city of Los Angeles or the tenants get the opportunity to buy it first? The Los Angeles City Council’s housing committee endorsed the idea last week. It was proposed by Councilmember Gil Cedillo, who wrote in a motion that “we need to come up […]
5 Takeaways: What Rent Hike Law Means for Real Estate
State legislators passed AB 1482, a bill from Assemblyman David Chiu (D-San Francisco), which limits annual rent increases to 5% plus the rate of inflation (typically 2%-3%). Modeled after a first-in-the-nation Oregon measure adopted earlier this year, the bill also requires landlords to provide a “just cause” for evicting tenants and, in some circumstances, pay for […]
Rent Agreement Reached
California Gov. Gavin Newsom reached a deal with apartment owners and developers Friday on legislation that would cap how rapidly rents can rise as the state grapples with a housing crisis. The deal would cap annual rent increases at 5% plus inflation, with a 10% maximum increase. That’s lower than the 7% threshold lawmakers had […]
Rent Control Back on CA Agenda
The push to expand rent control in California resumed in the Legislature, just months after state voters overwhelmingly rejected an initiative that would have removed barriers to new tenant protection laws. A group of Democratic legislators introduced bills to cap annual rent increases statewide, prevent evictions without just cause and return to cities the authority […]
March 25 – CVAR At A Glance
Featured Classes and Events March 25 | Maximize Down Payment Assistance – CVAR East March 26 | Tax Strategies – All Locations March 26 | Top Apps & Websites to Market Your Business March 27 | zipForm® e-Signatures – All Locations March 28 | Home Improvement 101 – CVAR HQ March 28 | Contract College […]
Short-term Rental Crackdown
Rent-controlled units in Los Angeles will be banned from Airbnb and other short-term rental platforms under regulations adopted this month by the City Council. The rules adopted unanimously come after more than three years of deliberation and will take effect in July, applying to the entire city of Los Angeles, including vacation hotspots such as Venice. They are the city’s first […]
Temporary Rent Control Begins Dec. 20
The Los Angeles County Board of Supervisors voted 4-1 in favor of a temporary rent control measure that will prevent landlords in unincorporated parts of the county from raising rents more than 3 percent each year. The “rent freeze” will be in effect for the next 180 days, while the board evaluates whether to extend or expand […]
Dec. 3 – CVAR At A Glance
Featured Classes and Events Dec . 3 | MLO License Renewal – CVAR HQ Dec 5 | Holiday Breakfast & Installation Dec. 6 | Citrus Valley Caravan Dec. 6 | CVAR Forum – 12 Tech Gifts of Christmas – Free! Dec. 7 | Shred Day – Free! – CVAR HQ Dec. 10 | 45 Hr. License […]
CA Housing Issues to Watch in 2018
Rising rents and home prices forced California’s housing crisis to the front of Gov. Jerry Brown’s and lawmakers’ agenda in 2017. Legislators passed the most comprehensive package of housing bills in recent memory designed to increase spending on low-income development and encourage more construction in general. But the bills, according to independent analyses, won’t do much to make […]
4 Issues for Property Managers
It’s a changing landscape for landlords and tenants. Property management and policy experts offered guidance on handling four hot-button issues to attendees of the Property Management Forum at the REALTORS® Legislative Meetings & Trade Expo in Washington, D.C. Can You Negotiate Service Animal Requests? The need to accommodate service animals, once a relatively rare issue […]