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As GOBankingRates previously reported, a survey from the rental platform Zumper found that the median rental price of a one-bedroom unit rose 11.6% in 2021 alone, while the median price of a two ...
New Jersey passed the Anti-Eviction Act of 1974, becoming the first state to enact a just cause eviction law. [1]California passed the Tenant Protection Act of 2019 to remedy the state's housing shortage, leading to renewed interest in utilizing just cause eviction laws to counteract the national housing crisis.
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]
Landlords may decide to evict tenants who have failed to pay rent, violated lease terms, or possess an expired lease. [1] Landlords may also choose not to renew a tenant's lease, however, this does not constitute an eviction. [2] In the United States, eviction procedures, landlord rights, and tenant protections vary by state and locality. [2]
However, due to skyrocketing costs of late, groups rallied at the state capitol, urging the state Congress to pass rent-control laws, according to NBC affiliate 9 News in Colorado.
From insurance to evictions, the Southern Colorado Residential Rental Association helps landlords navigate industry regulations.
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