Get Ab 1482 Exemption Addendum

A notice of exemption from AB 1482 is a notice that lets your tenants know that your rental property is exempt from AB 1482. This bill sets the maximum rent increase in California to 5% plus CPI, or at 10% (whichever is lower) per a 12 month period.

The law exempts certain properties from the rent caps and just-cause requirements, including (1) most single-family homes and condominiums, and (2) housing built within the last 15 years.

AB 1482 prohibits a landlord from increasing the rent, in any 12-month period, by more than 5 percent plus the regional percentage change in the cost of living (CPI), or 10 percent, whichever is lower, of the lowest gross rental rate charged for the unit during the 12 months before the effective date of the increase.

AB 1482 took effect on January 1, 2020. AB 1482 imposes rent caps on some residential rental properties in California. ... The law exempts certain properties from the rent caps and just-cause requirements, including (1) most single-family homes and condominiums, and (2) housing built within the last 15 years.

Since AB 1482 can only be enforced in state court, tenants may also want to consider contacting an attorney or a local tenant advocacy organization for assistance with exercising their rights in court.

The law requires that you provide a reason for the eviction (in the notice to quit) and it must fall within the permissible reasons, as set forth by the law. You may no longer just issue a 30 or 60-day notice of termination of tenancy.

What does it mean if a unit is exempt? Tenants who rent these units no longer have any legal protection against large rent increases. At the end of their first year, and every year after that, their landlord can raise the rent as much as they want, as long as they give 90 days' written notice.

As buildings age, and cross the 15 year threshold, they will be covered. If you live in a single family home that IS NOT owned by a corporation, you are not covered, and IF your landlord has given you notice that the home is exempt. If you live in a single family that IS owned by a corporation, you ARE covered.

AB 1482, Chiu. Tenant Protection Act of 2019: tenancy: rent caps. ... The bill would require the actual amount of relocation assistance or rent waiver provided to a tenant that fails to vacate after the expiration of the notice to terminate the tenancy to be recoverable as damages in an action to recover possession.