Recently, in October, the Governor of California signed a new bill into law. And, it affects all renters in the state. It’s called the Rent Cap and Just Cause Eviction Law (AB 1482). Although, what exactly does this mean for renters? What do California renters need to know exactly?
Firstly, the law addresses rent cap. Then, it says that rent increase is capped at 5% plus inflation. Or, a hard cap of 10%, and between the two, whatever is lower. In fact, if any rent increases happened since March 15th this year, they count in the rent cap.
Now, the new law also hones in on “Just Cause Eviction.” And, what that means for both tenants and landlords. In fact, there are 15 reasons given for just cause evictions. Although, these reasons are lumped into 2 categories. They are “At Fault” and “No Fault.” Also, there are exemptions and other details included in the law. As a result to find out more, read the CAR FAQ and Summary of the law, and how it affects rental activity now.