Stop the Madness! Just say NO on AB 1482

sebfreyCommentary

The good folks at the California Association of REALTORS (C.A.R.) have sounded the alarm bell. They are urging all California REALTORS to call their state representatives and tell them to VOTE NO ON AB 1482. They have also asked that we REALTORS ask our clients to do the same. I recorded a quick episode of Seb Frey TV so you can all see just how easy it is to call your Senate and Assembly representatives. Contact Info for some Local Politicians State Senator Bill Monning: (916) 651-4017State Senator Anna Caballero: (916) 651-4012State Senator Bob Wieckowski: (916) 651-4010State Senator Jim Beall: (916) 651-4015State Senator Jerry Hill: (916) 651-4013Assemblyman Mark Stone: (916) 319-2029 Issue Background Under current law, unless a local government has enacted rent control, there is no statewide cap on rent. Additionally, current law allows landlords to end a tenancy without cause when a lease expires. That is to say, when a tenant’s lease is up, the landlord can ask them to move out, for the only reason that it’s because the contract has ended. As introduced, AB 1481 and AB 1482 – previously combined into one bill, AB 1482 – would have established a rent cap of 5% plus regional CPI, as well as “just cause” evictions after 6 months of tenancy, through 2030 on all rental properties; required relocation assistance up to 3 months when a tenant is evicted under specified conditions (that is, the landlord pays the tenant to move out); and included insufficient vacancy decontrol language. C.A.R. had negotiated with our government to soften 1482 into … Read More