A Watershed Moment for Renter Protections
It is tough to recognize when a watershed moment has occurred while one is in "the moment," but it won't take long for many to recognize that California is currently in the midst of one. An acute awareness and a widespread recognition of a housing affordability crisis has resulted in something that was unimaginable in years past – an agreement on statewide renter protections in the form of Assembly Bill 1482.
Introduced by Assembly-members David Chiu (D-San Francisco), Richard Bloom (D-Santa Monica), Rob Bonta (D-Oakland), Timothy Grayson (D-Concord), and Buffy Wicks (D-Oakland), AB 1482 would limit annual rent increases to 5% plus the rate of inflation through Jan. 1, 2030. The bill would also require landlords to have and provide written notice regarding just cause for termination in order to evict tenants who have continuously and lawfully occupied the premises for 12 months.
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