California AB1482 Rent Control TLDR Analysis
-Rent Increases capped at 5% + Inflation (max 10%)
-Just Cause Eviction (No 30-60 Day Notices without reason for tenants occupying unit for more than a year).
-Applies to multi-family units.
- Does not apply to Single Family Homes or Condos unless they are owned by Real Estate Investment Trusts, Corporations, LLCs where one member is a Corporation. You must give a specific verbatim notice or disclosure in the rental agreement that it doesn’t fall under the state rent control.
-Goes into effect 1/1/2020-2030
-Doesn’t apply to units built after 2004 (more specifically, units that have had a certificate of occupancy issued within the last 15 years.)
- Does not apply to owner-occupied units.
-Does not override local Rent Control Ordinances unless the local provisions are less restrictive.
- Currently available 3 day notices to comply or quit are no longer sufficient to terminate the tenancy. A prior notice to cure or quit followed by a second notice to quit not stated in the alternative is required (instead of a second notice to cure or quit, it would be just a 3-day notice to quit)
-Relocation fee would be either 1-month worth of rent or waiver of last month’s rent.
-Any rent increases above the allowed amount occurring on or after March 15, 2019 will
be automatically modified to the maximum allowable increase on 1/1/2020 using the previous rent amount.
Court cases may modify this interpretation as it is only based on what is in the bill compared to what the law is currently.