April 25, 2024 7:45 pm
Facebook Twitter Youtube Instagram Linkedin
Rose Law Group

[REGIONAL NEWS] Governor, top Democrats strike deal to cap rent hikes in California

Six out of the seven least affordable metropolitan areas across the U.S. are in California. They are Los Angeles, San Francisco, San Jose, San Diego, Riverside and Sacramento.
/ Angela Hart photo

By Bryan Anderson | Sacramento Bee

Housing advocate: ‘It’s ridiculous to ask these families to pay this much.’

California Gov. Gavin Newsom and top Democrats announced Friday evening that they have reached an agreement to place limits on how much landlords can increase a tenant’s rent each year.

The compromise offers a stronger path forward for Assembly Bill 1482, which cleared a key budget committee earlier on Friday.

According to Newsom’s office, the proposed deal would cap annual rent increases at 5 percent plus inflation. It would be in effect through 2030, though it wouldn’t apply to housing built in the last 15 years. That 15-year threshold is a rolling deadline, according to Newsom’s office. The existing bill from Assemblyman David Chiu, D-San Francisco, called for a 7 percent cap plus inflation for just three years.

READ ON:

Share this!

Additional Articles
News Categories

Get Involved

Stay Informed

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

learn more

Recent Articles

Post Calendar

Rose-Law-Group-RCF-Logo-FINAL-LG-png.png
Facebook Twitter Youtube Instagram Linkedin
© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.