Rental updates for Los Angeles

Read all the new real estate laws for California here - PDF

*Thanks to our vendor WFG National Title - Zoe Schulman

Update: Landlords Guaranteed To Make Less Money
Last year the city set the maximum allowable rent increase to be BELOW inflation at 90% of CPI or 4% - whichever is less each year when evaluated. Property owners under the Los Angeles rent stabilization ordinance are now guaranteed to make less money every year going forward with existing tenants as it compares to inflation (a minimum of 10% less to be specific which will compound).

Pop quiz: LA Rental Housing Registration Late Payment Penalty
A landlord who fails to pay their annual Systematic Code Enforcement Program (SCEP) fee on time is deemed delinquent by the Los Angeles Housing Department. What penalty is assessed on the unpaid fee per rental unit?

a) no penalty

b) 5%

c) 200%

d) 20%

Please email your answers to team@urbanhillsides.com - or just ask.