CALIFORNIA LEGISLATORS SET TO MAKE KEY DECISION THIS WEEK ON RENT CONTROL BILL

Today, Connect California posted an article regarding the California Legislature and its eminent decision on Assembly Bill 1482, a “statewide rent and “just in case” eviction bill”.

Stating: “California lawmakers are set to make a decision this week about a statewide rent control and “just cause” eviction bill. The Senate Appropriations Committee will hear Assembly Bill 1482 on Aug. 30, and decide whether or not to move the bill out of suspense file status for the rest of 2019.

Last week, the committee voted to place the bill on suspense. That means a bill is set aside in order to consider its financial impact on the state.

AB 1482, authored by Assemblyman David Chiu, would cap annual rent increases at 7% plus the consumer price index, and would apply to nearly all of California’s rental units, including apartments and some single-family homes. Additionally, the bill would apply in jurisdictions where voters and local elected leaders have rejected rent control policies, though would not supersede locally-passed rent control laws.”

Click here to read the full article!