By GoldenWest Management
SAN DIEGO, CA. – Landlords in California are facing more challenges than ever before including Assembly Bill 2343 which will essentially reward renters who have failed to pay their rents by delaying the unlawful detainer process by up to 3 weeks.
Assembly Bill 2343 – What Does This Mean for Owners?
Right now, the law in California states that tenants have 3 days to pay or quit if they’ve failed to pay their rent.
If AB 2343 were to be passed, that 3-day period would be extended to 10 days and a tenant’s time to answer an unlawful detainer would been increased from a period of 5 days to 14 days.
Assembly Bill 2343 will provide rent defaulting tenants with rent fee housing for additional weeks at the expense of the owner who will be forced to continue covering all of their normal expenses while the tenant lives in the property rent free.
This bill is due to be voted on May 31st, 2018. We will keep you updated if it’s passed or not.
Rent Control Is Headed for The November 2018 Ballot
There’s no doubt that rent control has been one of the hottest topics in California this year and even though some cities (Los Angeles, Santa Monica, and West Hollywood) have rent control laws, if Costa Hawkins were to be repealed we could see widespread rent control across the state.
What is Costa Hawkins? It’s a 1995 policy that protects an owner right to raise the rent once a tenant moves out.
Repealing Costa Hawkins would mean that anyone who owns rental property in California would not be able to get the fair market rent for their rental property
Will Costa Hawkins be repealed? Right now, the frustration over rising rents is the greatest we’ve ever seen and may result in a Costa Hawkins repeal.
The controversy surrounding rent control in California has caused many owners and investors to start selling off their California properties before the November 2018 vote.
Get Property Management in San Diego
Do you need property management for your San Diego rental property? If so, contact GoldenWest Management today by calling us at (866) 545-5303 or click here to connect with us online.