[Name], rent caps under the Tenant Protection Act, and unemployment.  

Your first tuesday real estate news
Week of June 29, 2020

Additional Components of the URLA Application
Watch the final installment of our URLA video series, covering borrower financial declarations, acknowledgments and agreements.

Form of the week: Exclusive Authorization to Locate Space, and Tenant Lease Worksheet
RPI Forms 111 and 555 protect your hard-earned fee.

California household formations set to decrease
Over 19% more households rent in California today than in 2000.

Jobs move real estate
Compared to the previous month, California employment plummeted by 179,200 jobs in May 2020.

S&P 500: Stock pricing vs. earnings
The price-to-earnings (P/E) ratio rose to 26.6 in Q1 2020.

Current market rates
The average 30-year fixed rate mortgage remained at a record low in the week ending June 26, 2020, now at 3.13%.

Form udpates  form updates this month
 

A new series of Tenant Protection Act (TPA) forms have just been published on the RPI Forms Download page. The new forms are used by landlords of properties subject to AB 1482 which limits annual rent increases to 5% plus the rate of inflation, and requires “just cause” to evict tenants who have occupied a unit for 12 months or more. Read this week's top story for more information.


NEW Landlords and Tenant Forms:

– Form 550-3: Just Cause and Rent Cap Addendum – For Use by Residential Landlord

– Form 569-2: 60-Day Notice to Vacate Under a No-Fault Termination – For Properties Subject to Just Cause Eviction Requirements

– Form 570-1: 30-Day Notice of Change in Rental Terms – For Properties Subject to Rent Cap Requirements

– Form 575-3: Three-Day Notice to Pay Rent with Related Fees – For Properties Subject to Just Cause Eviction Requirements

– Form 575-4: Three-Day Notice to Pay Rent – For Properties Subject to Just Cause Eviction Requirements

– Form 576-1: Three-Day Notice to Perform – For Properties Subject to Just Cause Eviction Requirements

– Form 577-1: Three-Day Notice to Quit – For Properties Subject to Just Cause Eviction Requirements


Updated Landlords and Tenant Forms:

– Form 550: Residential Lease Agreement

– Form 551: Residential Rental Agreement – Month-to-Month

 

To access all updated forms, view our RPI Forms library here.
Click on Download the Full Forms Library to download our entire catalog.

 

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