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

RENT CAP / “JUST CAUSE” BILL PASSES SUSPENSE

September 6, 2019

A bill that seeks to bring residential rent caps to California, AB 1482 (Chiu; D-San Francisco), will be heard next week.  A “grand deal” between the Governor and supporters of the bill has come together.

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 is in print today and we are working to analyze its impact on our industry.

For the time being we remain OPPOSE UNLESS AMENDED, hoping we can get some of the “Just Cause” language fixed.

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