News: 2019
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The nominating period for the 2021 CAA Board of Directors is underway.
Applications are due by noon Friday, Sept. 18, 2020.
Here are links to the nominating documents:
Board Responsibilities, CAA Code of Ethics, CAA Organizational Objectives
Nominating Committee Memorandum: Call for Nominations
Board of Directors Application Form
Tagged: News
Question: Are all properties with two units on a parcel exempt?
Tagged: ComplianceNews
The city of Sacramento announced the initial rent cap under the Tenant Protection and Relief Act, a new ordinance that limits rent increases and provides “just cause” tenancy protections. Effective Sept. 12, 2019, the maximum annual rent adjustment for an existing tenancy cannot exceed 8.5% within a 12-month period.
The new ordinance limits rent increases to 6% plus the annual Consumer Price Index. According to city staff, the CPI used to calculate the rent cap was 2.5%.
The allowed annual increase is calculated based upon the base rent, which is the monthly rent in effect on July 1, 2019, for tenancies commencing on or before Sept.12. For tenancies beginning after that date, the initial base rent is the monthly… Read More
The California Apartment Association this week published a pair of “Industry Insight” papers to help rental housing owners comply with new relocation-assistance ordinances in the cities of Pasadena and Long Beach.
In Pasadena, a relocation allowance for tenants in good standing took effect July 13.
The ordinance expanded the eligibility of displaced tenants to receive a relocation allowance and moving expenses from the landlord. Moreover, it increased relocation amounts and protections for tenants then the property is sold to a new owner who then increases the rent by more than CPI+5%, serves a termination notice, or evicts the tenant.
For… Read More
Tagged: ComplianceNews Los AngelesLong Beach
Barry Altshuler of Equity Residential was officially installed Thursday as the 2019 president of the California Apartment Association’s statewide board of directors.
Altshuler’s formal installation came during the Feb. 28 Board of Directors meeting. He began his term on Jan. 1 of this year.
As executive vice president for Equity, Altshuler manages the firm’s Investments Group for the West Coast. He has worked in the real estate industry for more than 35 years and has been directly involved in several billion dollars’ worth of transactions and development.
“I am proud to serve as board president for CAA, which represents the… Read More
Tagged: Leadership
As you consider prospective renters in 2019, remember that your applicant screening fee can only cover the expenses you incur in the process.
Tagged: News