Tenants are relocating or have relocated from affordable housing that is rent-controlled in Mountain View to make way for their apartment's conversion to private town homes that will sell for upwards of $1 Million.
Read more about it on KRON 4's website, click here.
Tuesday, September 10, 2019
Sunday, September 8, 2019
California Inching Closer to Capping Rents in Non-Rent Controlled Jurisdictions
Few protections are afforded renters in non-rent controlled jurisdictions in California. Under current state law, a landlord may raise the rent of a month-to-month tenant with 30-days notice if the rent increase is less than or equal to 10% or by 60-days if the rent increase is greater than 10%.
But, there's a new initiative before the state Senate and that is Assembly Bill 1482 which is sponsored by Assembly member David Chiu and backed by Governor Gavin Newsom.
AB 1482, as it is currently worded, would:
Prohibit landlords from raising rent more than once annually;
Prohibit a rent increase of more than either 1) 5% plus the change in the CPI (consumer price index) or 2) 10%, whichever is lower, and extend to a significant number of rental units.
Rental housing that would be exempt from this law includes housing that has been issued a certificate of occupancy within the previous 15 years, specified single-family housing, specified dormitories, deed-restricted affordable housing, and housing subject to a local ordinance that imposes a more restrictive rent increase cap than AB 1482.
In addition, the bill adds a just cause eviction requirement which affords the landlord with specified fault and no-fault evictions (such as owner move-in).
Called the "Tenant Protection Act (TPO) of 2019," the proposed law was amended in the Senate on September 5, 2019, and if it passes the Senate and is signed into law by the Governor, the TPO will remain in effect until calendar year 2030.
But, there's a new initiative before the state Senate and that is Assembly Bill 1482 which is sponsored by Assembly member David Chiu and backed by Governor Gavin Newsom.
AB 1482, as it is currently worded, would:
Prohibit landlords from raising rent more than once annually;
Prohibit a rent increase of more than either 1) 5% plus the change in the CPI (consumer price index) or 2) 10%, whichever is lower, and extend to a significant number of rental units.
Rental housing that would be exempt from this law includes housing that has been issued a certificate of occupancy within the previous 15 years, specified single-family housing, specified dormitories, deed-restricted affordable housing, and housing subject to a local ordinance that imposes a more restrictive rent increase cap than AB 1482.
In addition, the bill adds a just cause eviction requirement which affords the landlord with specified fault and no-fault evictions (such as owner move-in).
Called the "Tenant Protection Act (TPO) of 2019," the proposed law was amended in the Senate on September 5, 2019, and if it passes the Senate and is signed into law by the Governor, the TPO will remain in effect until calendar year 2030.
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