Since the November 2018 election, the battle over rent control in California has only heated up even though a ballot measure to repeal Costa Hawkins failed and politicians in California have been working overtime proposing new rent control bills in the Golden State including AB 1482 and AB 36.
Assembly Bill 1482 would seek to prevent California landlords from raising rents more than 5 percent per year while AB 36 would allow cities to impose rent control on any building that’s more than 20 years old.
Thankfully, AB 36 has been pulled while AB 1482 will move forward to the Assembly Appropriations Committee.
AB 36 is off the table for now but if AB 1482 is approved we could see more rent control regulations in California even though politicians are standing by their story that this bill isn’t a rent control bill in the strictest sense because politicians are calling it an “anti-gouging” bill.
“AB 1482 would cap rent increases at 5 percent per year plus any change in the cost of living, not to exceed a total increase of 10 percent. Landlords would be prohibited from evicting a tenant in order to get out from under the cap, and the Department of Housing and Community Development would be required to study the cap and submit a report to the legislature on its effectiveness by 2033.”
2019 is shaping up to be another big year for California landlords! Follow our blog for the latest rent control news that will affect you.
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For more information about rent control in California, or to speak with us about our property management services, contact 36 North Property Management today by calling us at (831) 484-4604 or click here to connect with us online.