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1972 – Over 45 years of service to the commercial industrial retail real estate industry – 2018.

RENT CAP / “JUST CAUSE” BILL SENT TO GOVERNOR

September 27, 2019

A bill that seeks to bring residential rent caps to California, AB 1482 (Chiu; D-San Francisco), passed the Senate 25-10, and then passed the Assembly 48-25.  A “grand deal” between the Governor and supporters of the bill came together several weeks ago which all but guaranteed passage of the controversial measure.

This bill has been a top priority for us to defeat. However, the deal points with the Governor has pushed many of our allied opposing groups accept the compromise language.  The new bill did make several adjustments to the Just Cause Eviction issue we had been asking for which made the bill tolerable for many of our members.  However, we do not support the idea of rent control nor making it harder to evict problem tenants.

The Governor has until October 13 to sign the bill, which he has stated he will do.

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