Скачать или смотреть What Properties Are Exempt Under AB-1482 (California Statewide Rent Control)?

Which properties are “Exempt” under California Statewide Rent Control, AB-1482?

Single-family residences including condos are exempt from California Statewide Rent Control, AB-1482, if:

 Proper notice of exemption is given to the tenants and;

 The owner is not a Real Estate Investment Trust, Corporation, or LLC where an owner is a Corporation.

Other Exemptions include:

 Housing with a certificate of occupancy issued within the past 15 years.

 Owner-occupied duplexes where the property is the owner’s primary residence at the beginning of the tenancy.

 Owner-occupied single family-residences renting out no more than two bedrooms (including Accessory Dwelling Units); this exemption is only applied to “Just Cause” and not “Rent Cap.”

 Student housing officially connected to an educational institution.

 Housing covered under municipal price controls stricter than AB-1482.

For most residential landlords this means that the house or a condo you are leasing out is “Exempt” provided that you have made the proper disclosure to your tenants. Otherwise, you are “Non-Exempt” and are subject to “Rent Cap” and “Just Cause” restrictions.

To read more about AB-1482, click this link to be taken to the official legalinfo.ca.gov website: http://bit.ly/AB-1482