Our Rosecliff location is back on the market. This may be your last opportunity to purchase a true designer home. What more could you ask for?
Is rent control going to affect YOU in 2020?
Statewide Rent Control in CA is effective Jan 1, 2020 and this is what you should know. AB 1482 was approved on 9/11/2019 and at that time the bill was sent to the governor Newsom who is expected to sign it. The bill will take effect January 1, 2020.
Some of the major provisions of AB1482 include:
- Rent Cap-A Cap of annual rent increases set at 5% plus inflation, up to a maximum of 10% per year.
- Just Cause-Owners need “just cause” prior to terminating tenancy
Exemptions and Noticing- This bill protects tenants who have been in possession for a year or more.
Please see attached quick guides for more information.
Feel free to call me if you have any questions.