LA City Council Voted to Freeze Los Angeles Rents For Over One year

The City Council voted to freeze rents for 12 months and to prohibit eviction until after the Mayor’s emergency order is terminated.  However, the Mayor can open up almost all activity without technically terminating the order.  There is a proposal to limit rents to 60% of the CPI and a State referendum to eliminate vacancy decontrol.    There are a group of political activists who are using the pandemic to deprive owners of all benefits of their ownership.  Property owners must start to become engaged and united as a wave of tenant legislation sweeps the State. If you cannot raise rents on any units (even vacant units) but need to pay rising expenses–WHO REALLY OWNS YOUR PROPERTY.   Contact the California Apartment Association to become engaged in saving your property.   Contact CAA

 

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