Glendale landlords will pay relocation fees if they hike rents more than 7%

The city approved a 5% cap on rent, in a move to counter defeat of Prop 10

TRD LOS ANGELES /
Feb.February 15, 2019 01:00 PM
Glendale City Council and Mayor Zareh Sinanyan

Glendale has passed a mandatory relocation fee ordinance meant to assist renters priced out of their apartments.

It’s an early move by lawmakers in Los Angeles to find ways to strengthen rent control measures after November’s defeat of Proposition 10.

Landlords in Glendale will pay relocation fees to tenants if they plan to raise rents more than 7 percent, according to Curbed. The Glendale City Council approved the measure on Tuesday.

The city approved a temporary 5 percent cap on rent hikes approved in November, but that expires at the end of February.

Glendale’s measure applies to the owners of buildings built before 1995, to comply with the Costa-Hawkins Rental Housing Act, which bars rent regulations on buildings built after that year.

Prop 10 was a statewide measure that would have repealed Costa-Hawkins and opened the possibility for sweeping new rent-control laws across California.

Glendale will also require landlords to offer year-long leases to tenants, including at buildings built after 1995. Relocation fees will be lower for owners of smaller buildings.

L.A. County lawmakers approved a rent cap in November for unincorporated parts of the county. That cap was set at 3 percent. The measure has scared off some investors from buying up multifamily assets in those areas, which include urban parts of L.A.

Glendale has a tight residential market. The vacancy rate is under 3 percent and more than half of renters spend more than 35 percent of their income on rent, according to Curbed. [Curbed] — Dennis Lynch 


Related Articles

arrow_forward_ios
Assemblyman David Chiu and Gov. Gavin Newsom (Credit: Wikipedia and iStock)

California passes landmark rent control law

AB 1482 is set to cap rents on units across the LA area (Credit: Wikipedia and iStock)

Here’s what California’s rent control bill means for LA County

From left: California Governor Gavin Newsom, Governor of New York Andrew Cuomo, and California Assembly Member David Chiu (Credit: Getty Images, iStock, and Wikipedia)

The breakdown: How California’s new rent control law compares to New York’s

Gavin Newsom and Assemblyman David Chiu

Rent control has come to California

The Los Angeles County Board of Supervisors

LA County moves closer to permanent rent control ordinance

From left: Jose Huizar, Huang Wei, Mohamed Hadid, Robert Herscu, Raymond Chan, and Arman Gabay, with Los Angeles City Hall (Credit: iStock and Getty Images)

Real estate’s role in LA corruption scandals

From left: Governor Gavin Newsom, Assemblymember David Chiu, Senator Holly Mitchell, and Senator Nancy Skinner (Credit: Getty Images)

Here are the key housing and rent control bills state lawmakers are debating

Assemblyman David Chiu, author of AB 1482 (Credit: iStock)

With statewide rent control on horizon, some LA landlords start hiking rents

arrow_forward_ios