Single family residences including condos are exempt from California Statewide Rent Control, AB-1482, if:
- Proper notice of exemption is given to the tenants and;
- Owner is not a Real Estate Investment Trust, Corporation, or LLC where an owner is a Corporation.
Other Exemptions include:
- Housing with a certificate of occupancy issued within the past 15 years.
- Owner occupied duplexes where the property is the owner’s primary residence at the beginning of tenancy.
- Owner occupied single family-residences renting out no more than two bedrooms (including Accessory Dwelling Units); this exemption is only applied to “Just Cause” and not “Rent Cap.”
- Student housing officially connected to an educational institution.
- Housing covered under municipal price controls stricter than AB-1482.
For most residential landlords this means that the house or a condo you are leasing out is “Exempt” provided that you have made the proper disclosure to your tenants. Otherwise, you are “Non-Exempt” and are subject to “Rent Cap” and “Just Cause” restrictions.
To read more about AB-1482, click this link to be taken to the official legalinfo.ca.gov website: http://bit.ly/AB-1482