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AB 12: Security Deposits

Assemblyman Matt Haney introduced AB 12, a significant piece of legislation aimed at addressing security deposits in residential rentals. This bill, which was approved by Governor Newsom on October 11, 2023, brings notable changes to the way landlords can collect and handle security deposits. Starting from July 1, 2024, residential landlords in California will now face a cap on the amount they can require as a security deposit, joining eleven other states that have already Read more…

By donnaostak, ago

Update: Commercial Evictions

On March 4, 2021, California Governor Newsom signs executive order which would give local governments the authority to extend the halt of commercial evictions through June 30, 2021 for those commercial tenants that have been impacted by the pandemic. For more information of Executive Order N-03-21, click the link below: https://www.gov.ca.gov/wp-content/uploads/2021/03/3.4.21-EO-N-03-21-text.pdf

By donnaostak, ago

AB 1199: Excise Tax on Rental Property Owners

Assembly Bill 1199 was introduced on February 18, 2021 by Assemblyman Mike Gipson which is intended to implement an annual excise tax for the privilege of renting/leasing out qualified properties. Should this Bill pass, it would take effect immediately upon the signing of Governor Newsom. To learn more on this Bill or to see if your investment falls under the “qualified properties” click the link below: https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202120220AB1199

By donnaostak, ago

COVID Relief Update

California Assembly Member David Chiu introduced a residential bill this week in hopes of extending the eviction moratorium. You may recall that earlier in the year, Governor Newsom signed AB 3088, which provided protection through January 31, 2021 to tenants who were experiencing pandemic related hardships. If passed, it appears the new state bill would protect tenants that are undergoing a COVID-related hardship by requiring them to pay 25% of the rent owed by the Read more…

By donnaostak, ago

AB 3088: Tenant and Landlord Protection

On August 31, 2020, Governor Newsom signed AB 3088 which protects tenants from eviction due to COVID-19 related hardships through January 31, 2021. This includes related hardships accrued between March 4, 2020 – August 31, 2020 if the tenant provided a declaration of hardship within the legislation’s timeline. Also included are COVID related hardships accruing between September 1, 2020 – January 31, 2021; to avoid eviction tenants must pay at least 25% of the rent Read more…

By donnaostak, ago

Update: California Rent Moratorium

The Judicial Council of California has voted 19-1 to end the state’s moratorium on foreclosures and evictions that is currently in effect through midnight on September 1st. The legislative branch; however, continues to negotiate a solution by proposing: AB 1436 which seeks to extend the rent moratorium for 15 months after the COVID-19 state of emergency terminates or until April 1, 2022, whichever is earlier.

By donnaostak, ago

Executive Order N-71-20

On June 30th California’s Governor Newsom signs Executive Order N-71-20 allowing rent moratoriums to be extended until September 30th.  This order also addresses the extension of several other measures in earlier orders by 60 days in response to the pandemic. Click on the link below for full details: Executive Order N-71-20

By donnaostak, ago