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1 day ago · About AB 1482’s rent cap. AB 1482, the Tenant Protection Act of 2019, prohibits a landlord of a property subject to the law from increasing the rent, in any 12-month period, by more than 5% plus the regional percentage change in the cost of living (CPI), or 10 percent, whichever is lower, of the lowest “gross rental rate” charged for the ...
1 day ago · The initiative would impose stricter rent control on units built before Feb. 1, 1995, capping rent at the amount paid on Dec. 11, 2023, or the initial rate for units occupied after that date. Annual rent increases would be limited to 60% of the local Consumer Price Index increase, with a maximum cap of 5%.
3 days ago · In the US, the firm’s clients include more than half of the Fortune 100. It seems like year-after-year, attempts are made to reform or repeal California's rent control regulations, namely the Costa-Hawkins Rental Housing Act (Civ. Code §§ 1954.50 et seq.) (Costa-Hawkins Act). 2024 has proven to be no different.
1 day ago · Let’s assume you live in a city without local rent control and your current rent is $1,500 per month. The latest CPI data for your area shows a 3% increase. 5% of your current rent: $1,500 x 5% = $75; Allowable increase based on CPI: $1,500 x 3% = $45; In this scenario, the CPI-based increase ($45) is lower than the statewide cap increase (5% ...
4 days ago · Get ready to step into the ring and dominate your next rental dispute! 1. Master the Rulebook: California Landlord-Tenant Laws. Security Deposit Limits and Return: Landlords can charge up to 2 months’ rent for unfurnished units and 3 months’ for furnished. Deposits must be returned within 21 days of move-out.
1 day ago · May 20, 2024 02:14 PM Eastern Daylight Time. LOS ANGELES-- ( BUSINESS WIRE )--The California Democratic Party has once again endorsed the expansion of rent control in California. “California has ...
2 days ago · An overview of how California has adopted aggressive housing production laws affecting land use since 2016. ... Housing Laws #1. May 19, 2024 ... City of Palo Alto ...
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