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 Read more…
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 Read more…
On January 25, 2021 California Governor Newsom, along with state legislators announced an agreement to extend the eviction moratorium through June 30, 2021 for those impacted by the pandemic.
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 Read more…
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 Read more…
Click the link below for an interesting article on the outlook for single family rentals. Possible Rebound for Single-Family Rentals