California law has CHANGED - Tenant Protection Act/AB 1482 - Guide for Landlords and Renters

There are BIG changes to the Tenant Protection Act, AB 1482, as of 4/1/24 thanks to SB 567. In this quick guide for California renters and landlords, we cover the biggest changes related to terminating tenancies for owner move in and for remodeling or demolishing properties. If a landlord doesn’t follow the rules, there could be stiff penalties! And stick around to the end for a sneak peek at the new forms for terminating tenancies under the new AB 1482 rules!

Subscribe on Social
PINTEREST: @wireassociates


** GEAR WE USE & OTHER RESOURCES***

This is not meant to be a solicitation of a property currently under contract. This is not meant to be legal or tax advice, please consult with the appropriate professional. We are licensed to sell real estate in California (if you need help elsewhere, we can help find a good broker, let us know), CalRE # 01804983. Berkshire Hathaway HomeServices California Properties (# 01317331)

Remember when you click, I may receive a small commission at no extra cost to you. As an Amazon Associate I earn from qualifying purchases. I only recommend products and services that I've used or have experience with.

#WIREassociates #TenantProtectionAct #AB1482

[b_uppy]

This will benefit big companies because smaller landlords will more likely fall victim to predatory squatters. They have less in the way of discretionary funds, and will more likely be forced to sell at a loss.
Guess who will buy them?

This law is by design to benefit the bigger companies...

[xoxdvkz]

California needs to pass the property rights act for landlords

[mirrormirror]

I moved in to a 1 bedroom apartment for $700 a month in 2014 and our landlord only raised our one time $50 in over five years. Then he sold it to an investment realty property llc and they raised our rent from $800 to $1600! I asked them why and they said because they’re going to add wood floor laminate and new kitchen back splash to all the apartments to be considered luxury apartments so they would be justified in charging that much! So we moved and the next place raised the rent 10% every year and when we asked why they raised the rent whenever possible they said because they feared they wouldn’t be able to double the rent if the market demanded it so this way they can guarantee yearly rent increase regardless if they needed to do it. So all this cap is doing is causing landlords to automatically raise rents for fear of not being able to raise it when they need to. It basically did the opposite because now landlords will never not raise your rent. 🙁

[StarwaterCWS]

Sounds like the homeless should occupy the governors mansion and use these crazy laws to stay.

[backcountyrpilot]

Thank gawd I sold my rental properties in California and got my family and business out 16 years ago!

[jonpotthoff]

Something needs to be done immediately for those of us in senior mobile home communities. I live in Valley Center in such a community, and our rents were raised as of April 1, 2024 from $955 to $1, 600/month. This is insane and is causing many residents to panic. Our home values will crash just to enrich greedy grandsons of the original owner. It’s absolutely immoral, unjust and should be illegal.

[jp]

Because of this I will never not raise rent. Over the last 20 years.
I rarely did raises but now I will be forced to in order to keep up with increased taxes, Insurance, Maintenance costs and crazy government interference.

[terrylane]

I was born in California and just had to deal with squatters in one of side of my duplex. Unbelievable the way California laws are protecting these dirtbags. Lost like this or why California has a severe housing shortage. They will not regulate themselves into enticing more landlords to rent.

[Claudette]

Are the Real Estate tax be controlled? Are the HOA be also prohibited to increase fees? Same for the insurance companies that are charging 3 times more money for less coverage?

[bobbeals]

The real name is “screw the landlord act”.

[moi]

You have to give proof of how you’re related to a family member moving in but back when people were not paying their rent during Covid they specifically called out that the tenant did not have to provide proof of their financial hardship. This state disgusts me. Thanks Gavin.

[andrewflores]

Tell me is there a cap for property taxes? Because as a landlord, you are in the red and can’t get more money to pay those taxes.

[johng]

What’s next landlords will have to pay for renters vacations .

[Liukanginthehouse]

can you start listing the names of the people passing these bills and laws?

[ElginChil]

At this point, why would you even invest in California or New York!?!?

[jhouston]

I really appreciate the lack of bias and editorial opinion here. Just laying out the important changes - great reporting.

[DionTalkFinancialFreedom]

Increase risk to landlords. Increase cost to tenants. Period.

[jb]

My family has land in San Diego, and wants to “develop” it into low income housing… I told them to NOT to do it because California is not landlord friendly 😢😢😢 they would have a headache!

[xoxdvkz]

California needs to pass the landlord protection acts

[recoveringsoul]

This explains whyy landlord did massive remodeling during covid while lumber was very expensive


Now they can raise rent however high they want?