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On the multifamily front, transactions are picking up. The benefits of the interest rate cut by the Fed are offset somewhat by the increasingly complex legal and regulatory environment impacting multifamily properties,...more
We continue to track important legislative and regulatory proposals and changes in the region. Our most recent prior Alert discussed rent control efforts in Maryland, changes to the Low Income Housing Tax Credit program,...more
The New York Senate on Jan. 4, 2023, introduced the Good Cause Eviction Bill, S-305 (Bill), which effectively is written as a statewide rent control measure that impacts all housing not already subject to state rent control...more
A countywide eviction moratorium is also extended until March 31, 2023. The Los Angeles City Council recently passed a package of ordinances aimed at providing residential tenants in Los Angeles (the City) with permanent...more
The term "Rent Controls" refers to measures designed to restrict the amount of rent that a landlord can charge a tenant for residential premises. Rent control measures appear in various forms across Europe, ranging from...more
California voters reject measure to expand rent control - Bullet SFGate – November 4 - Voters on Tuesday soundly rejected a ballot measure that would have let California cities expand rent control in a state where...more
On Tuesday, September 1, the Trump administration announced an order, put forward by the Centers for Disease Control and Prevention, that claims to suspend residential evictions through the end of the year for many tenants...more
The Texas Supreme Court has extended the moratorium on residential eviction procedures for CARES Act applicable residences until September 30, 2020, offering a few more weeks of relief to certain renters as the economic...more
LOCKOUTS Can I be locked out of my home during the COVID-19 emergency? No. On March 19, 2020, New Jersey Governor Philip Murphy issued Executive Order 106, which immediately suspends evictions throughout the state. This...more
On May 6, 2020 the LA City Council passed a new eviction control Ordinance to strengthen the temporary eviction prohibitions enacted March 31, 2020. ...more
On April 17, a bill was introduced in the United States House of Representatives seeking to create the Rent and Mortgage Cancellation Act of 2020. The primary feature of the bill is it would suspend all rent and mortgage...more
With the enactment of the Tenant Protection Act, California now has a combination of eviction protection for residential tenants and vacancy decontrol, consisting of regulation of rent increases during the tenancy, which is...more
Applicability of California’s Rent Control Laws: California Civil Code Sections 1946.2 and 1947.12 took effect on January 1, 2020, and implement statewide rent control in California for most residential properties. The rent...more
Effective January 20, 2020, eviction controls under the San Francisco Rent Stabilization and Arbitration Ordinance (Administrative Code Chapter 37) (the “Rent Ordinance”) apply to any residential units constructed after June...more
In the fourth quarter of 2019, California Governor Gavin Newsom signed into law a package of housing-related legislation that included 18 individual bills. Within this package, there were a significant number of important...more
With the enactment of Assembly Bill 1482, signed by Governor Newsom in October 2019, the California legislature imposed a “just cause” limitation on lease terminations, non-renewals, or evictions for most California...more
The Office of the Governor of California recently announced that Gov. Gavin Newsom and California legislative leaders approved a cap of 5 percent plus inflation per year on rent increases statewide for the next 10 years. The...more
The Governor recently signed into law several housing-related bills adopted during the 2019-2020 state legislative session. At the start of the session, approximately 200 housing-related bills were introduced, mostly from Bay...more
In September, the California Legislature approved AB 1482, the Tenant Protection Act of 2019. Governor Newsom signed the bill on October 8, making California the third state this year to impose statewide residential rent...more
Gov. Gavin Newsom recently signed the Tenant Protection Act of 2019, legislation that caps annual rent increases in California for the next decade....more
Part 3: New California Housing Laws - As California cities consider local rent control measures and other mechanisms to address the impacts of escalating residential rents on local housing, the California legislature...more
Governor Gavin Newsom signed into law the Tenant Protection Act of 2019, AB 1482, (now California Civil Code Section 1946.2 and 1947.12), on October 8, 2019, joining only Oregon in enacting a statewide rent control law....more
On October 8, 2019, California Governor Gavin Newsom signed important legislation that will affect many landlords and tenants of residential property across the state. The two biggest impacts created by the Tenant Protection...more
The California Legislature has passed AB1482 providing for comprehensive statewide residential rent control and eviction protections and sent it to the Governor for signature, which is expected. Commencing January 1, 2020,...more
On August 13, 2019, the Sacramento City Council voted to adopt by a 7-1 margin a rent control and tenant protection measure known as the Sacramento Tenant Protection Act (the “Act”). Citing increasing rent statistics, an...more