Any multi-family older than 15 years falls under rent control and eviction control. Considering how little housing is built in CA, that's a huge number of housing units.
When it comes to single family homes, you are correct that they are eligible to be exempt if they aren't owned by a corporation. However, landlords had to give notice back in 2020 to current tenants for that property to be exempt. Notice can't be retro-active, so a wide swath of single family homes that were rented at the time are under rent and eviction control now.
Of course if the tenant leaves, there is an opportunity for the property to be exempt again.
That said, if you don't think the screws will slowly be tightened on AB1482, you're out of your mind. Just like in the major cities they'll be a bunch of "updates" to the law to the point San Francisco style rent control is state wide.
> Any multi-family older than 15 years falls under rent control and eviction control. Considering how little housing is built in CA, that's a huge number of housing units.
Nope, only if it is owned by a corporation. AB1482 exemption is standard in leases.
refurb|4 years ago
Any multi-family older than 15 years falls under rent control and eviction control. Considering how little housing is built in CA, that's a huge number of housing units.
When it comes to single family homes, you are correct that they are eligible to be exempt if they aren't owned by a corporation. However, landlords had to give notice back in 2020 to current tenants for that property to be exempt. Notice can't be retro-active, so a wide swath of single family homes that were rented at the time are under rent and eviction control now.
Of course if the tenant leaves, there is an opportunity for the property to be exempt again.
That said, if you don't think the screws will slowly be tightened on AB1482, you're out of your mind. Just like in the major cities they'll be a bunch of "updates" to the law to the point San Francisco style rent control is state wide.
MiroF|4 years ago
Nope, only if it is owned by a corporation. AB1482 exemption is standard in leases.