Gov. Gavin Newsom this week signed a statewide cap on rent increases, a mandatory Section 8 bill, and several other pieces of legislation that will change the way California’s rental housing industry does business in 2020.
Here are summaries of five game-changing bills signed by Newsom this week:
Statewide rent cap:AB 1482 by Assemblyman David Chiu, D-San Francisco, will place an annual 5% plus CPI cap on rent increases and create new standards for evictions across California. The signing of AB 1482, officially the Tenant Protection Act of 2019, marks the most significant policy change for California’s rental housing owners and tenants in a quarter century. Read our story and visit our compliance page.
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