Moments ago, the California State Assembly voted to pass AB 1482, legislation that limits allowable annual rent increases to a maximum of 10%, or 5% + CPI if less than 10%, and, with certain exceptions, prohibits a residential property owner from terminating the lease of a tenant that has occupied the property for at least 12 months without just cause.
The bill heads to Governor Newsom’s desk next.
Eddie Kurtz, Executive Director of the California-based Courage Campaign, issued the following in response:
“California’s 17 million tenants have faced eviction and massive rent increases for years. While renters have had to choose between keeping a roof over their heads and feeding their families, campaign cash from the real estate lobby has blocked common sense legislation like AB 1482.
“Tenants finally beat the real estate lobby and its dirty money. That’s huge and a sign of things to come.
“Courage Campaign applauds all members of the Legislature who voted in favor of the bill, for stepping up and beginning to tackle this critical aspect of our housing crisis. We cannot simply build our way out. California must also improve renter protections. With AB 1482, renters can feel more secure in the communities they call home.”
Earlier this year, Courage Campaign launched RenterReliefProject.com, a campaign to call out the oversized influence corporate landlord and real estate lobbyists have in the capitol. The site highlighted for constituents how lobbyists influenced votes and hurt renters and tenants, calling out state legislators for the gifts they’ve received from landlord and real estate lobbyists and, in conjunction, how they planned to vote on AB 1482.
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