Pandemic pricing is officially over, as rent growth has now been outpacing prior-year averages for several months, according to the latest report from Apartment List. “The national median rent has now officially surpassed the level where we expect it would have been if the pandemic had never happened,” wrote housing economists Chris Salviati, Igor Popov, and…
DetailsThe City of Los Angeles is poised to enact a so-called “anti-tenant harassment” ordinance which would prospectively criminalize aspects of residential income property ownership in that: Any attempt to contact a resident regarding delinquent rent could be construed as “harassment” under the ordinance – (unconstitutionally ambiguous). A property owner could be subject to criminal prosecution…
DetailsContinued … The economy staggered once, twice, sighed and collapsed. Historians interested in this sort of thing have estimated that the war-induced contraction was equivalent to a 40% drop in colonial GDP. As a point of reference, the cumulative GDP loss during the first four years of the Great Depression (1929-1933) was 26.33%. In other…
DetailsPresident Joe Biden unveiled his first federal budget proposal as president for fiscal year 2022, which begins on October 1. His first budget is a whopper at just over $6 trillion. This is in addition to the $4 trillion he wants to spend on his pork-laden infrastructure rebuilding plan. He also announced his plan to…
DetailsEviction Moratorium Extended Assembly Bill 832 has now extended the State of California’s moratorium through September 30, 2021. Based on how the law is drafted, I am confident that this will be the last extension. As such, all tenants should be required to pay rent for the month of October 2021. If rent is not…
DetailsIn this article, the Tenant Protection Act of 2019 may be referred to as California Rent Control or the Act. The Act passed into law in 2019, which implemented statewide just-cause termination requirements and rent increase caps for many rental properties. Q: I own two condominiums in San Diego County and a friend recently mentioned…
DetailsQuestion 1: As always, any updates on the state of the courts and unlawful detainers? Answer 1: As most readers will know, California again updated its comprehensive state law directed at protecting tenants from eviction for non-payment of rent. Originally passed as AB 3088 in August 2020, updated by SB 91 in January, AB 832…
DetailsQuestion One: My property is located in Hollywood. A tenant has moved out and we are preparing the security deposit itemization form. Is it sufficient to send it by text or is it required that I mail the document to the tenant? Answer One: The law requires that a security deposit be prepared in writing.…
DetailsRead this, and let it really sink in . . . Then choose how you continue the year 2021 and how you plan to start your day tomorrow . . . Jerry is the kind of guy you love to hate. He is always in a good mood and always has something positive to say.…
DetailsHello everybody. Four topics (other than COVID-19 laws) continue to be in the forefront of our legal news. So instead of addressing one subject in depth as most of my articles in this column do, I will briefly discuss recent developments in four specific areas of law, namely: Arbitrations with Resident Managers, Arbitrations in Residential…
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