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Proposition 33, titled Expands Local Governments’ Authority to Enact Rent Control on Residential Property, and also marketed as the "Justice for Renters Act", was a California ballot proposition and initiative statute in the 2024 general election that would have repealed the Costa–Hawkins Rental Housing Act and allowed localities to enact ...
While many cities in California raised rents to record-breaking highs in 2022, the state of California does have statewide rent control caps. City specific laws extend to cities in Northern and ...
Proposition 33 would repeal a 1995 law called the Costa-Hawkins Rental Housing Act, which generally prohibits local governments from limiting rental rates as issued by landlords.
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Rent control laws define which rental units are affected, and may only cover larger complexes, or units older than a certain date. To attempt to not disincentivise investment in new housing stock, rent control laws often exempt new construction. For example, San Francisco's Rent Stabilization Ordinance exempts all units built after 1979. [63]
California renters will soon be able to have on-time rent payments reflected on their credit score after Governor Newsom signed AB 2747 into law.
This is an accepted version of this page This is the latest accepted revision, reviewed on 26 November 2024. Regulations to reduce increases in housing rents "Rent control" redirects here. For other uses, see Rent control (disambiguation). Part of a series on Living spaces Main House: detached semi-detached terraced Apartment Bungalow Cottage Ecohouse Green home Housing project Human outpost I ...
Despite a landmark renter protection law approved by California legislators in 2019, tenants across the country’s most populous state are taking to ballot boxes and city councils to demand even ...