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Rent cap legislation update

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As you know, C.A.R. had proposed amendments to two rental housing bills, AB 1482 (Chiu) and AB 1481 (Grayson and Bonta), that would have removed C.A.R.’s opposition. Unfortunately, the bills, as amended, do NOT satisfy the Association’s concerns, so C.A.R. will continue to OPPOSE both bills.

 

Please be looking for Red Alerts to OPPOSE AB 1482 (which now also contains the language from AB 1481) as it moves through the legislative process. It will be considered by the Senate Judiciary Committee next week.

 

As introduced, AB 1482 would have established a rent cap of 5 percent plus regional CPI through 2030, provided NO exemption for single-family homes, and contained insufficient vacancy decontrol protections. C.A.R. secured commitments to ensure that vacancy decontrol is properly protected; increase the cap to 7 percent plus regional CPI; exempt small property owners with up to 10 single-family homes; and have the bill expire in 2023.

 

As introduced, AB 1481 would have established “just cause” evictions after 6 months of tenancy; required property owners pay up to 3 months’ rent in relocation assistance under specified conditions; provided NO exemption for single-family homes; and lasted until 2030. C.A.R. here also secured commitments to ensure the bill only applies to tenancies after 12 months; limit relocation assistance to one month’s rent; exempt small property owners with up to 10 single-family homes; and have the bill expire in 2023.

 

AB 1482 and AB 1481 have been combined into one bill – AB 1482. However, the above amendments by C.A.R. have yet to be incorporated into the bill. C.A.R. remains opposed to AB 1482 until the bill is amended to appropriately balance tenant protections and private property rights, and C.A.R. will be opposing AB 1482 as it is considered in the Senate.


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