Rent Increase Limit Landlords can only raise a tenant’s rent once per year and at a rate that is no more than 75% of the annual rate of inflation. Landlords are now only allowed to give at most ONE rent increase in any twelve month period. The allowed increase described here will be in effect…
The city of Los Angeles has expanded renter protections. The new protections now cover ALL RENTALS, including condominiums and single family homes in the City of L.A. NEW LAWS AND PROCEDURES Renter Protections Notice All residential rental property owners must provide a “Notice of Renters’ Protections” to tenants who begin or renew their tenancy on or…
On September 13, Governor Newsom signed into law AB 2559, a bill sponsored by Assemblyman Chris Ward, “to standardize reusable screening reports (RTSR) for rental applicants that can be used multiple times within a 30-day window.” Their purpose is to reduce a tenant’s cumulative financial burden of rental application screening fees, which may be as…
As the deadline for the California Balcony Laws SB 721 and SB 326 comes closer and closer, the California-based engineering inspection company, here are more tips for inspections of your buildings and apartments to ensure you can comply correctly and easily. What Must Be Inspected? Exterior Elevated Elements (EEEs) These two state laws are designed…
The below article was written by Daniel Sharabi, CEO of Livable. Livable is a full-service residential & commercial real estate billing partner. Focusing on bulk amenity/utility billing, their mission is to promote savings and conservation through education. Their suite of cloud services and end-to-end solutions helps to reduce monthly consumption, overall expenses and adds more…
Before voters get too consumed with the upcoming November election and the myriad of special-interest initiatives on the ballot, let’s take a moment to review a harsh lesson in ballot measure “bait and switch” tactics, specifically Proposition 19 from November 2020. What happened with that measure could easily repeat itself with one of the initiatives…
SACRAMENTO, Calif. – California became the first state in American history to allow almost all old convictions on a person’s criminal record to be permanently sealed, after Gov. Gavin Newsom signed the landmark Senate Bill 731 into law. Well over a million Californians will now have the opportunity to be unburdened, in many cases for the first…
Cities around the state are trying to circumvent California’s new law allowing duplexes to be built on properties previously zoned as single-family. Their methods include everything from removing parking and forbidding vehicle ownership to requiring arbitrary amounts of mature vegetation. The state housing department is gearing up to send stern warnings to cities trying to…
California state law that allows rent hikes to rise with inflation and landlords are allowed rent increases up to 10% — as long as those properties aren’t covered by local rent control. That has increased pressure to pass stricter forms of local rent control in some cities. Below are cities that have recently adopted their own…
December 31st, 2024 is the deadline for compliance with both SB 721, and SB 326 for multifamily housing, condominiums and buildings with more than three dwelling units. Residential property owners and HOAs across California have other seemingly more important things to consider. Consequently, EEE Advisor aims to help property managers and owners to prepare and…