On July 9th, an assembly bill (AB-142) allowing statewide rent control and “just cause” eviction policies until 2023, was passed in the Senate Judiciary Committee. Here’s what we know about the bill so far:
· Annual rent increases would cap at 7% plus the consumer price index
· Landlords will only be allowed to evict tenants with “just cause”
· It would apply to nearly all of California’s rental housing stock, including apartments and some single-family home but excluding homes constructed in the past 10 years
· It would only apply in areas where homes are not already covered by local rent control policies
The bill is now headed to the Senate Appropriations Committee next and will then seek approval from the full Senate. For more information on the statewide rent control bill, visit the California Apartment Association (CAA) and Apartment Owners Association of California, Inc. (AOA).
Category: Apartments, Industry News, Multifamily Tags: AB 1482, affordability, Apartments, Multifamily, Rent Control, Rent Regulation
Recent Articles
Recent Media & Thought Leadership

1/25/2021
2020 Round-Up, Post-Election Outlook, & What a Vaccine Means For CRE
CLICK HERE TO DOWNLOAD THE REPORT After a turbulent...

1/22/2021
Private Capital Multifamily
CLICK HERE TO DOWNLOAD THE FULL ARTICLE For many apartment...

1/22/2021
The American Rescue Plan
With a new President taking office, another COVID-19 stimulus plan...

1/21/2021
Reimagining the Office Space - The Impact of COVID-19
CLICK HERE TO DOWNLOAD THE ARTICLE Businesses, schools, and society...

1/20/2021
Going Digital - The Explosive Growth in Data Centers
CLICK HERE TO DOWNLOAD THE ARTICLE It is evident that...

1/20/2021
Painting the Multifamily Landscape - Apartments in a Post-COVID-19 World
CLICK HERE TO DOWNLOAD THE ARTICLE Following the outbreak of...

1/20/2021
Shopping Centers - How the COVID-19 Consumer is Changing The Sector
CLICK HERE TO DOWNLOAD THE ARTICLE While the decline in...

1/19/2021
The Future of Casual Dining: The Good. The Bad. The Ugly.
DOWNLOAD THE ARTICLE HERE The casual dining industry, otherwise...

1/19/2021
What's Next For Drugstores?
CLICK HERE TO DOWNLOAD THE ARTICLE The widespread COVID-19 crisis...