Despite protests and opposition from real estate and housing professionals all over the county, the Los Angeles County Board of Supervisors in late 2018 adopted a temporary rent stabilization (read: “rent control”) ordinance. This temporary ordinance will expire at the beginning of summer 2019 and may be extended until the end of 2019.
While SBAOR and our partners continue to work with the County Supes to come up with an effective housing solution that does not include rent control, you should be aware that your investments or your clients’ investments in unincorporated Los Angeles County may be affected.
Please review carefully this page from the County’s website that describes the rent stabilization program. According the County, the ordinances includes the following provisions:
- An annual cap of 3 percent on rent increases
- A provision requiring just cause for tenant evictions (just cause)
- A rent increase process for property owners who believe they are not receiving a fair rate of return on their property
- A provision that allows property owners with 50 or fewer rental units to pass on the direct cost of the Measure W parcel tax to renters (approved by voters in the November 2018 election). This cost is separate from rent increases.
Any rent increases imposed after September 11, 2018 that are greater than three percent would be voided by this program. Check out the County website or contact County officials to determine whether your investment property in unincorporated County land is eligible under this program.
For more information, contact:
- Phone: (833) 223-RENT (7368)
- Email: Rent@dcba.lacounty.gov
- For more information, visit rent.lacounty.gov