News: Business

Filter

Under newly introduced legislation, rental housing owners in California would have to provide a disclosure in five different languages if they suspect a lease guarantor is not proficient in English. SB 633 by Sen. Monique Limón, D-Santa Barbara, would require that non-English-speaking guarantors receive the notice in Spanish, Chinese, Tagalog, Vietnamese and Korean (the top five foreign languages spoken in California). The disclosure covers the lease guarantor’s financial responsibilities.

Tagged:

In a study released this week, a UC Berkeley economist warns that repealing the Costa-Hawkins Rental Housing Act would worsen the state’s housing shortage. The paper, authored by Kenneth T. Rosen and available here, focuses on the potential impacts of Proposition 10, a Nov. 6 ballot measure that would overturn 1995’s Costa-Hawkins Act. Without Costa-Hawkins, California cities and counties could once again adopt extreme forms of rent control, including the imposition of rent caps on new apartments and single-family homes. Such moves would create a major disincentive for the development of much needed housing. “The last thing California needs is… Read More

Tagged: