Exempt From Rent Control

Single family residences including condos are exempt from California Statewide Rent Control, AB-1482, if:

• Proper notice of exemption is given to the tenants and;
• Owner is not a Real Estate Investment Trust, Corporation, or LLC where an owner is a Corporation.

Other Exemptions include:

• Housing with a certificate of occupancy issued within the past 15 years.
• Owner occupied duplexes where the property is the owner’s primary residence at the beginning of tenancy.
• Owner occupied single family-residences renting out no more than two bedrooms (including Accessory Dwelling Units); this exemption is only applied to “Just Cause” and not “Rent Cap.”
• Student housing officially connected to an educational institution.
• Housing covered under municipal price controls stricter than AB-1482.

For most residential landlords this means that the house or a condo you are leasing out is “Exempt” provided that you have made the proper disclosure to your tenants.  Otherwise, you are “Non-Exempt” and are subject to “Rent Cap” and “Just Cause” restrictions.

To read more about AB-1482, click this link to be taken to the official legalinfo.ca.gov website: http://bit.ly/AB-1482

I hope this was helpful. Feel free to reply with any questions you may have or call me at 949-209-9494 or visit GenuineManaged.com to learn more about us.

With best regards,
Marcel Ford
Genuine Property Management

* We are not attorneys, financial advisors, nor tax experts and the information above we deem to be accurate but is not guaranteed.