FREE AUTOMATED EMAIL UPDATES
Sign in to take advantage of all this site has to offer. Save your favorite listings and searches – also receive email updates when listings you like come on the market for free! *Contact Information is NOT Shared*
Gail Mercedes Cole The Hills Premier Realty 9595 Wilshire Blvd, Ste #900, Beverly Hills, CA 90212 310-853-9933 Contact Me
Posted on December 21, 2018 - 05:52 PM
by Gail Mercedes Cole
Real Estate News Rent Control Ordinance. Effective Dec. 20, 2018, six months temporary rent freeze in Unincorporated Los Angeles. Annual rent increases limited to 03% retroactive back to September 11, 2018. Homeowners Rent Freeze in Unincorporated Los Angeles, CA. Provided: Apartment Owner Association phone number (818)988-9200
Recently, the Los Angeles County Board of Supervisors voted 4-1 to enforce a six- month temporary Rent Control Ordinance for Unincorporated Los Angeles that took effect December 20, 2018. Annual rent increases are limited to 3% once a year and will be retroactive dating back to September 11, 2018.
The Board of Supervisors will eventually draft a permanent rent freeze ordinance for Los Angeles County. Please note that the City of Commerce also went through a similar 45-day rent freeze on Aug 15, 2017. That rent freeze has since been extended several times and will remain in effect until March 2019 unless extended again.
Does Your Building Qualify?
If you rent or own an apartment building built before 1995 in unincorporated Los Angeles County chances are that your dwelling qualifies for rent control. (Duplexes and triplexes are included.)
The rule becomes effective on December 20, 2018, but it is also retroactive setting September 11, 2018, as the baseline for rent caps. If you increase rent more than 3% after that date, the law provides that the tenant be reimbursed.
Just Cause Evictions
Owners must now show "just cause," such as a renter is not paying their rent or is violating the terms of the lease. It is now much more difficult to evict a tenant in these unincorporated areas. (Note: If you are in the middle of an eviction, it's best to seek help from an attorney.)
Once a renter leaves an apartment, a landlord can raise the price by any amount as there are no vacancy controls.
Los Angeles County Rent Control Ordinance
Supervisors have the option of extending these temporary rent control rules as needed, however, a permanent "rent stabilization" ordinance for Los Angeles County is expected to be drafted sometime next year.
Provided: Patricia Harris is Senior Editor of the AOA News and Buyers Guide. Apartment Owners Association | email@example.com | Daniel Faller | 6445 Sepulveda Blvd. #300 | Van Nuys, CA 91411
Homeowners Rent Freeze in Unincorporated Los Angeles, CA
Sell your home or income property for maximum value. Avoid costly mistakes that Home Sellers and Realtors make when selling homes. Discover secrets home sellers should know before putting their home on the market. Sell your property for 05% to 15% More Money. Call for Details.
Based on information from CARETS as of 2018-05-30 15:03:32. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.