Senate Approved Statewide Rent Control – Heading For State Assembly Approval

Senate Approved Statewide Rent Control – Heading For State Assembly Approval

Senate Approved Statewide Rent Control – Heading For State Assembly Approval

AB 1482 – Statewide Rent Control

AB 1482 must pass the final test of going through the State Assembly before it heads to Gavin Newsom’s desk for final approval. The bill was already passed by the Assembly in May at 7% plus inflation, but is now heading to the floor for re-approval at 5% plus inflation for the next decade.

The Assembly could give final approval as early as today. The bill is technically an anti-gouging measure that borrows language from the typically short-term price caps imposed after disasters like fires and floods. It would extend price protections to an estimated eight million tenants.

Quick Highlights: 

• Properties built post-September 2004 and single-family homes will be exempt
•Property owners must cite “just cause” for all eviction under AB 1482
•Mandates a relocation fee if landlords need to do renovations or want to owner-occupy
•Limits rental increases to 5% plus inflation