Hot Topics for Rental Property Owners

Mountain View’s new rent control ordinance, Community Stabilization and Fair Rent Act (measure V) went into effect on April 5, 2017 (applies to buildings with occupancy prior to February 1995). One of the more significant provisions is the requirement for landlords to rollback rents to the October 19, 2015 rate, for tenants who moved in on or before that date. For complete information on the ordinance: Mountain View Rent Stabilization Ordinance. 

Rents starting to level off. “After a couple of years of scorching rent increases, rents are stabilizing or actually declining in many parts of the Bay Area,” said Andrew Woo, data scientist for ApartmentList.com.

For more information: Apartment List National Rent Data and SJ Mercury New article New 

Bed Bug Laws AB 551 and AB 2881, Recently enacted bed bug laws now require California rental property owners and managers to take on additional duties and responsibilities. The new laws, which go into effect in 2017 and 2018, require owners to make new bed bug disclosures, while prohibiting owners from retaliating and renting units known to be infested with bed bugs. Tenants, under the new law, must cooperate with inspections and treatment of bed bugs. For more information: California Bed Bug Disclosure Requirements