As California’s housing market changes, it’s important for tenants to know the rules about rent increases. As of 2024, there are a number of rules in place to protect renters. These rules provide security and predictability in a world that can sometimes feel overwhelming. Find out what you need to know about California rent growth.
Overview of Rent Control Laws
A lot of different rent control laws apply in California. The most important one is AB 1482, which was signed into law statewide in January 2020. For most homes made before January 1, 2005, this law limits how much landlords can raise rent each year.
AB 1482 says that landlords can only raise rent by a maximum of 10% or 5% plus the area rate of inflation, whichever is less. This makes sure that rent rises are still manageable for renters, even when the market is very hot.
Key Updates for 2024
While AB 1482 remains the cornerstone of rent control in California, several key updates and considerations for 2024 are worth noting:
- Inflation Adjustments: Each year, the allowable increase is tied to the local consumer price index (CPI). As inflation rates fluctuate, so will the permissible rent increases. It’s essential for tenants to stay informed about their local CPI to understand potential rent hikes.
- Exemptions: Not all properties are covered under AB 1482. New constructions (built within the last 15 years), single-family homes (if the owner is not a corporate entity, REIT, or LLC), and certain affordable housing units may be exempt from these rent control measures. Always verify if your rental property falls under these exceptions.
- Local Ordinances: Some cities have their own rent control laws that may provide even greater protections than state law. For example, cities like San Francisco, Los Angeles, and Berkeley have specific regulations that can limit rent increases more strictly than AB 1482. Tenants should familiarize themselves with local ordinances to understand their rights better.
Notice Requirements
When landlords want to raise the rent, they have to give written notice to the renters. For increases under AB 1482, you need at least 30 days’ notice for increases of 10% or less, and you need at least 90 days’ notice for increases of 10% or more. This notice has to include specifics about the price rise so that renters have time to get ready for it.
Protections Against Retaliation
California law says that renters can’t be punished for exercising their rights under the rent control laws. If a tenant reports a rent increase that goes against AB 1482 or their state law, the landlord can’t kick them out or do anything else bad to them. This safety net is very important for making sure that renters feel safe standing up for their rights.
What Tenants Can Do
If you think your owner broke the law by raising your rent, the first thing you should do is talk to them directly. Tenants can get help from local tenant support groups or legal aid if the problem keeps happening. Write down everything you say and do, and keep a copy of your lease and any warnings you get.
You might also want to go to tenant talks or meetings in your area. Keeping in touch with other renters can help you learn more about your rights and any changes that might be coming to the law in your area.
Conclusion
Tenants in California who want to make it through the complicated housing market in 2024 need to know about the state’s laws on rent increases. You can be better ready for any changes in your living situation if you know what your rights are and the laws that protect you.
If you have questions or concerns about your unique situation, you should always talk to local resources or lawyers. How much you know can make all the difference when it comes to living.