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Time is Running Out – AB 1482 Exempt Property Disclosure Deadlines Approaching
AB 1482 (“the California Tenant Protection Act of 2019”) is a state law that went into effect on January 1, 2020. It requires landlords to have “just cause” to terminate a tenancy, limits the annual rent increase to no more than 5% plus local CPI (or 10% whichever is lower), and applies to all California housing unless the property falls into one of the exempted categories.
What are AB 1482 Exemptions?
Some common exemptions include but are not limited to:
- units that were constructed within the last 15 years (on a rolling basis),
- two unit properties where one unit is owner occupied, and
- single family homes or condos (with certain restrictions).
An owner claiming an exemption must provide specific written notice to the tenants about the exemption. For new tenancies, this means the written notice must be in any new lease starting July 1, 2020.
For existing tenancies, notice must be provided in writing to the tenant no later than August 1, 2020. If the specific notice is not provided, landlords risk losing this exemption all together.
The attorneys at Steven Adair MacDonald & Partners, P.C. can determine if a rental unit is exempt and provide notice. Contact our office to schedule a consultation, as time is running out.
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