The California Democratic controlled Assembly version has PASSED AB 1482 which establishes Restrictive Rent Caps and "Just Cause" Evictions.
AB 1482 is NOW being considered by the California Senate.
Last Year, California voters overwhelming voted to prohibit counties and cities from enacting any form of rent control.
Democratic California Governor Gavin Newsom is supporting the passage of AB1482. He has stated he will sign into to law AB1482 if it reaches his desk. Signing in spite of California voters wanting to prohibit any form of rent control.
If rent control is passed California will become the third state to enact rent control behind Oregon and New York. If passed it will be difficult or next to impossible to repeal or overturn AB1482 legislation in this combative legislative era.
WHAT TO DO
Contact your State Senator TODAY !!!
Contact your State Assembly Member TODAY !!!
To find your Senator /Assembly Member:
WHAT TO SAY
ell BOTH your Senator's / Assembly Member's office: “Hi, this is (insert your name). I'm a Housing Provider from your district. I urge ( Legislator Name ) to vote NO on AB1482. The solution to our state’s housing crisis is more supply, not restrictive rent caps.
You WILL NOT like the restrictions AB1482 if passed on your investment properties. Passage will mean the difference between your Investments Success or Disaster.