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Los Angeles rent control laws are known as (LARSO) Los Angeles Rent Stabilization Ordinance. This is effecting Los Angeles Property Management with so many other laws to keep track of. Los Angeles Property Management companies are supplied with a help guide to review and to use for any questions tenants have. This information has become more and more available to tenants, so Property Managers and landlords should know these restrictions.

“The rent stabilization Ordinance is a powerful tool that protects L.A. renters. It helps to keep rents reasonable as we work to created more affordable housing”.  ” Making these resources available online empowers angelenos with more information about their rights, and helps us better enforce rent stabilization policies that play a crucial role in the stability of our communities.” – Mayor Eric Garcetti stated

Rent Stabilization

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Rent stabilization controls rents and limits evictions for properties in Los Angeles. Also limiting the possibility for evicting someone without a reason. This makes sure a landlord doesn’t evict someone so they would be able to raise rent.

Not Considered Under Rent Control

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Single family dwelling on a lot, dwelling unit built after 10/1/78. An exempt affordable housing unit. Luxury units approved by LAHD. Hotel & motel rooms, occupancy less than 30 days. Rental units in converted commercial buildings with first rental use after 10/1/78.

Some Property Management companies who specializes in property management for single family dwellings are asked a lot if someone’s home is considered rent control. With a large amount of homes built before 1978 this is a common question, but if there happens to be two single family dwellings on the same lot it will not be considered a property under LARSO. Although, this doesn’t include separate houses if they happen to be located on the same parcel.

If a Los Angeles Property Management company is under rent control, the tenant has atlas eviction protection, relocation assistance, and including a security deposit interest. Whether the tenant is also protected from rent increases depends on when their vacancy started.

When Was This Enforced And Regulated?

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Los Angeles City Council passed rent control in 1978 and has been in effect ever since. Rent Control is currently making up about 85 percent of the city’s rental housing stock. Los Angeles is so large some neighborhoods are thought of to be cities. Some neighborhoods included are Westchester, Sunland, Northridge, Eagle Rock, El Sereno, Highland Park, Mt Washington and Woodland Hills.

A few cities like Glendale, Burbank and Beverly Hills are thought to have rent control but they are regulated by their own cities and don’t follow the same rules and restrictions.

If still questioning if a property is located under rent control laws, thank you to Mayor Eric Garcetti, he included this into the zoning and planning division. This means more protection for the renter.

Please feel free to reach out to a Los Angeles Property Management company to help answer questions or to manage your property.  One mistake can cost thousands of dollars and a lot of time that is consumed by taking care of a tenant.

Speed is a key essence with a bad review. The faster Property Management receives the review, the less of a hit on your occupancy rate and reputation. Though, you can still mitigate the effects of older reviews by dealing with it in a quick and positive manner.

For the latest in Los Angeles real estate and Los Angeles property management news, trends and tools, make sure to stay connected with our blog at: http://tgnpropertymanagement.com/blog/

Posted by: emoss on May 21, 2016
Posted in: Uncategorized