News: rental
Filter
The city of Vallejo this morning declared a state of emergency that limits rent increases to no more than 10%.
The declaration says the city manager, acting as director of emergency services, has the authority to make such a move when the City Council is not in session.
The measure, which expires after seven days, is intended as a stopgap until the City Council can vote on its own declaration. The City Council is expected to hold a special meeting next week for that purpose, but the date and time has not been announced.
A coalition led by CAA — including
local businesses, the real estate sector, homeowners and other community
members – has qualified a referendum on El Cerrito’s “just cause” for eviction
ordinance.
To qualify the referendum, petitioners needed to submit 1,631 valid voter signatures to El Cerrito’s city clerk. On Thursday, the Contra County registrar of voters confirmed the success of that effort, counting 1,993 valid signatures.
An Assembly committee has approved a bill that would make it discriminatory
to deny applicants for rental housing simply because they have a Section 8
voucher.
The bill, SB 329 by Sen. Holly Mitchell, D-Los Angeles, passed the Assembly Judiciary Committee on Tuesday on a 7-3 vote with two abstentions.
Tagged: LegislationNewsSection 8
Landlords at the 2019 California Landlords’ Summit on Homelessness last
week pledged 84 units toward housing Kern County’s homeless population.
The pledge builds on the success of last year’s inaugural summit, which
saw 60 units committed.
More than 300 landlords, property managers, and other rental housing
industry professionals attended this year’s event, held June 20 in Bakersfield.
The Income Property Association of Kern, a chapter of the California
Apartment Association, organized the event with the help of CAA, Adventist
Health Bakersfield, the Kern County Superintendent of Schools, and the Housing
Authority of the County of Kern.
Ted Iturriria, a Bakersfield-based… Read More
Despite massive turnout and opposition from the rental housing industry, the
Culver City Council on Monday voted 4-1 to pursue a yearlong, 3% cap on rent increases.
City staff will now draft the rent-freeze ordinance, with a formal council vote expected in August. If approved, the ordinance would then have a retroactive effective date of June 24.
Tagged: News Los Angeles
A CAA-opposed bill that would apply rent control across California will
receive its first hearing in the state Senate next month.
On Tuesday, July 9, the Senate Judiciary Committee will consider AB 1482 by Assemblyman David Chiu, D-San Francisco. The bill surfaced despite the overwhelming defeat of Proposition 10, a statewide rent control bill on last November’s ballot.
AB 1482 would apply rent control to all types of housing in every city and county in California.
Tagged: LegislationNewsRent Control
The California Apartment Association has issued a background paper and will hold a seminar to help rental housing owners in San Diego comply with a Section 8-related ordinance taking effect in the city effect Aug. 1.
The “source of income” ordinance
will require landlords to consider for tenancy all applicants with the ability
to pay for a given unit, including those who would pay their rent using Section
8. The law bans blanket policies against renting to voucher holders, as well as
advertisements to that effect. Moreover, under the ordinance, landlords can no
longer reject an applicant based on the… Read More
You’re likely familiar with the federal tax reform law
enacted in 2017. After all, it reduced tax rates for businesses and
individuals, increased the standard deduction and family tax credits, and limited
deductions for state and local income taxes and property taxes, among other
things.
However, you may not be familiar with a particular provision of that law, and related IRS guidance, that provides an opportunity specific to rental real estate businesses.
Some members of the Los Angeles City Council want to impose
a tax on rental housing owners who keep apartments vacant.
If the idea gains traction, the council could put an “empty homes penalty” before voters in November 2020.
Tagged: NewsVacancy Rates Los Angeles
The California Apartment Association is calling on its members to speak out against a package of landlord-tenant proposals that would bring rent and eviction controls to the city of Concord.
CAA asks
that rental housing providers speak out at the Concord City Council meeting on
Wednesday, June 19, and email council members today.
At Wednesday’s meeting, the council will vote on the following:
“Just cause”
eviction ordinance: limits
your ability to regain possession of your property or evict problem tenants.
Tenant relocation
fee: a forced payment to the
tenant of up to three times the market rent if you don’t renew a lease.
Binding arbitration: a mandatory requirement for you to justify rent… Read More