L.A. Moves to Block a Rent Hike Stampede
Los Angeles City leaders instructed the city attorney Tuesday to draft an emergency ordinance prohibiting landlords from evicting tenants without cause and limiting rent increases for the remainder of the year. This is a stopgap measure meant to prevent mass evictions and/or rent increases before California’s new rent protections take effect in January.
Gavin Newsom signed Assembly Bill 1482 last week. It caps rent increases at 5% statewide for the next 10 years and prohibits evictions without cause. There have been concerns that landlords will take advantage by raising rents or evicting tenants before the law takes effect.
Tuesday’s vote by the Los Angeles City Council was unanimous. The Council will cast a final vote on the ordinances before they become law.
Read more at the Los Angeles Times.