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The California Inflation Crisis: How Soaring Prices Are Reshaping Rent, Lease Agreements, and Evictions

The California Inflation Crisis: How Soaring Prices Are Reshaping Rent, Lease Agreements, and Evictions Inflation is no longer just an economic term thrown around by analysts—it’s a force dramatically reshaping everyday life in California. From the rising cost of a simple grocery run to shocking rent hikes that leave tenants scrambling, the effects of inflation are undeniable. Landlords face their own struggles, caught between skyrocketing property expenses and tenants unable to keep up with increasing payments. The rental housing market is shifting, lease agreements are evolving, and evictions are becoming more contentious than ever. Let’s dive deep into how inflation is shaking up the rental landscape and what it means for both tenants and property owners. Inflation: The Invisible Force Behind Rising Rents Imagine waking up one morning to find that your rent has jumped by hundreds of dollars overnight. That’s the reality for many California renters today. But why is this happening? I...

Rent Control in California

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Rent Control in California Rent control in California consists of state laws and local ordinances designed to limit rent increases and provide tenant protection. As of 2024, California has a statewide rent control law, the Tenant Protection Act of 2019 (AB 1482), which works alongside stricter local rent control laws in some cities. California’s Tenant Protection Act (AB 1482) in 2024 The Tenant Protection Act, often referred to as AB 1482, remains the cornerstone of statewide rent control in California. Key points for 2024 include: Rent increases are capped at 5% plus the change in the regional Consumer Price Index (CPI), or 10%, whichever is lower. The law applies to most rental properties at least 15 years old. Single-family homes and condos are exempt if owned by individuals (not corporations or REITs). Local Rent Control Laws vs. State Law Many California cities have rent control ordinances that may be stricter than AB 1482. In 2024, cities like San Francisco, Los Angeles, and Oak...